Range Resources (RRC) Receives a Hold from Jefferies
In a report released today, Lloyd Byrne from Jefferies maintained a Hold rating on Range Resources, with a price target of $42.00.
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Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, EQT, and Ovintiv. According to TipRanks, Byrne has an average return of 21.0% and a 62.06% success rate on recommended stocks.
In addition to Jefferies, Range Resources also received a Hold from TipRanks – Anthropic’s Anthropic Oil and Gas Exploration and Production in a report issued today. However, on the same day, TipRanks – Google reiterated a Buy rating on Range Resources (NYSE: RRC).
Based on Range Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $787.26 million and a net profit of $179.09 million. In comparison, last year the company earned a revenue of $666.98 million and had a net profit of $94.84 million
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RRC in relation to earlier this year. Last month, Erin W McDowell, the SVP & GC of RRC sold 8,250.00 shares for a total of $396,000.00.
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