Range Resources (RRC) Receives a Rating Update from a Top Analyst

RBC Capital analyst Scott Hanold maintained a Hold rating on Range Resources yesterday and set a price target of $50.00. The company’s shares closed yesterday at $40.69.

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Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, EQT, and APA. According to TipRanks, Hanold has an average return of 24.5% and a 70.23% success rate on recommended stocks.

Currently, the analyst consensus on Range Resources is a Hold with an average price target of $44.82, which is a 10.15% upside from current levels. In a report released yesterday, Roth MKM also maintained a Hold rating on the stock with a $40.69 price target.

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 46 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. Earlier this month, Brenda Cline, a Director at RRC sold 7,000.00 shares for a total of $310,800.00.