Range Resources (RRC) Inventory Average (2009 - 2019)
Range Resources (RRC) recorded quarterly Inventory Average of $26.3 million in Q3 2019, up 1.48% quarter-over-quarter from $25.9 million in Q2 2019, and up 13.23% on a YoY basis from $23.2 million in Q3 2018.
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.
- In Q3 2019, Inventory Average rose 13.23% year-over-year to $26.3 million; the TTM figure through Sep 2019 stood at $26.3 million (up 13.23% YoY), while the FY2018 annual figure was $22.2 million, down 7.53% from the prior year.
- Inventory Average was $26.3 million for Q3 2019 at Range Resources, up from $25.9 million in the prior quarter.
- In the past five years, Inventory Average ranged from a high of $31.5 million in Q4 2016 to a low of $17.6 million in Q1 2015.
- Historically, Inventory Average has averaged $24.1 million across 5 years, with a median of $23.7 million in 2018.
- The sharpest annual moves came in 2016 and 2017: Inventory Average jumped 66.17% in 2016, then slumped 32.2% in 2017.
- A 5-year view of Inventory Average shows it stood at $28.1 million in 2015, then increased by 12.02% to $31.5 million in 2016, then tumbled 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.
- The last three Inventory Average figures came in at $26.3 million (Q3 2019), $25.9 million (Q2 2019), and $24.0 million (Q1 2019), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | 702.00 Mn |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 2.00 Bn |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 1.89 Bn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 984.50 Mn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 1.84 Bn |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 82.50 Mn |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | - |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | - |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | - |
| 10 | Range Resources | 9.04 Bn | 8.98 Bn | 976.05 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 |