Range Resources (RRC) Inventory Average (2009 - 2019)
Range Resources' (RRC) quarterly Inventory Average came in at $26.3 million in Q3 2019, up 13.23% year-on-year from $23.2 million in Q3 2018, and up 1.48% quarter-over-quarter from $25.9 million in Q2 2019.
Range Resources (RRC) Inventory Average (2009 - 2019) Analysis & Trends
Range Resources' Inventory Average history runs 11 years deep, the most recent figure standing at $26.3 million for Q3 2019.
- On a quarterly basis, Inventory Average rose 13.23% year-over-year to $26.3 million in Q3 2019; TTM through Sep 2019 was $26.3 million, a 13.23% increase from a year earlier, with the FY2018 full-year figure at $22.2 million, down 7.53% from the prior year.
- Inventory Average advanced to $26.3 million in Q3 2019 per RRC's latest filing, from $25.9 million in the prior quarter.
- Across five years, Inventory Average topped out at $31.5 million in Q4 2016 and bottomed at $17.6 million in Q1 2015.
- The 5-year median for Inventory Average is $23.7 million (2018), against an average of $24.1 million.
- Across the five-year window, Inventory Average soared 66.17% in 2016 and slumped 32.2% in 2017, its largest moves.
- Year by year, Inventory Average stood at $28.1 million in 2015, then increased by 12.02% to $31.5 million in 2016, then sank by 32.2% to $21.4 million in 2017, then advanced by 11.06% to $23.7 million in 2018, then grew by 10.85% to $26.3 million in 2019.
- Per Business Quant, the three latest RRC Inventory Average figures stand at $26.3 million (Q3 2019), $25.9 million (Q2 2019), and $24.0 million (Q1 2019).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 1.89 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 984.50 Mn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 82.50 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 1.84 Bn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | - |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 327.50 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | - |
| 10 | Range Resources | 8.87 Bn | 8.78 Bn | 774.23 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2019 | 26.30 Mn |
| Jun 30, 2019 | 25.92 Mn |
| Mar 31, 2019 | 24.05 Mn |
| Dec 31, 2018 | 23.73 Mn |
| Sep 30, 2018 | 23.23 Mn |
| Jun 30, 2018 | 26.02 Mn |
| Mar 31, 2018 | 25.71 Mn |
| Dec 31, 2017 | 21.36 Mn |
| Sep 30, 2017 | 19.89 Mn |
| Jun 30, 2017 | 19.28 Mn |
| Mar 31, 2017 | 23.36 Mn |
| Dec 31, 2016 | 31.51 Mn |
| Sep 30, 2016 | 28.55 Mn |
| Jun 30, 2016 | 22.94 Mn |
| Mar 31, 2016 | 29.22 Mn |
| Dec 31, 2015 | 28.13 Mn |
| Sep 30, 2015 | 21.98 Mn |
| Jun 30, 2015 | 19.11 Mn |
| Mar 31, 2015 | 17.58 Mn |
| Dec 31, 2014 | 17.41 Mn |