Range Resources (RRC) Inventory Average (2009 - 2019)
Range Resources (RRC) posted Inventory Average of $26.3 million for Q3 2019, up 1.48% on a QoQ basis from $25.9 million in Q2 2019, and up 13.23% year-over-year from $23.2 million in Q3 2018.
Analysis
Range Resources (RRC) Inventory Average (2009 - 2019) Analysis & Trends
Range Resources has reported Inventory Average for 11 years, with the latest figure at $26.3 million in 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 was $26.3 million for Q3 2019 at Range Resources, up from $25.9 million in the prior quarter.
- The five-year high for Inventory Average was $31.5 million in Q4 2016, with the low at $17.6 million in Q1 2015.
- Average Inventory Average over 5 years is $24.1 million, with a median of $23.7 million recorded in 2018.
- The sharpest annual moves came in 2016 and 2017: Inventory Average surged 66.17% in 2016, then sank 32.2% in 2017.
- Over 5 years, Inventory Average stood at $28.1 million in 2015, then rose by 12.02% to $31.5 million in 2016, then slumped by 32.2% to $21.4 million in 2017, then climbed by 11.06% to $23.7 million in 2018, then increased 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.59 Bn | 158.90 Bn | 12.81 Bn | 1.89 Bn |
| 2 | Canadian Natural Resources | 106.91 Bn | 105.02 Bn | 8.84 Bn | 2.07 Bn |
| 3 | Eog Resources | 77.56 Bn | 72.65 Bn | - | 942.50 Mn |
| 4 | Diamondback Energy | 57.68 Bn | 57.22 Bn | 5.55 Bn | 73.00 Mn |
| 5 | Devon Energy | 46.58 Bn | 45.57 Bn | 6.02 Bn | 337.50 Mn |
| 6 | Expand Energy | 23.17 Bn | 21.90 Bn | 2.33 Bn | - |
| 7 | Permian Resources | 20.00 Bn | 19.74 Bn | - | - |
| 8 | Ovintiv | 18.08 Bn | 17.19 Bn | 2.83 Bn | - |
| 9 | Apa | 15.84 Bn | 15.39 Bn | 2.28 Bn | - |
| 10 | Range Resources | 9.88 Bn | 9.79 Bn | 774.23 Mn | - |
Historic Data
Download Data
Historic 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 |