Range Resources (RRC) Gets a Hold from RBC Capital

In a report released yesterday, Scott Hanold from RBC Capital maintained a Hold rating on Range Resources, with a price target of $50.00.

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According to TipRanks, Hanold is a top 100 analyst with an average return of 25.1% and a 72.46% success rate. Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Devon Energy, and EQT.

In addition to RBC Capital, Range Resources also received a Hold from BMO Capital’s Phillip Jungwirth in a report issued on April 7. However, on the same day, TipRanks – xAI 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.