Siebert Williams Shank & Co Keeps Their Hold Rating on Range Resources (RRC)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Hold rating on Range Resources today and set a price target of $46.00.

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Sorbara covers the Energy sector, focusing on stocks such as CNX Resources, Devon Energy, and Ovintiv. According to TipRanks, Sorbara has an average return of 13.5% and a 62.81% success rate on recommended stocks.

Currently, the analyst consensus on Range Resources is a Hold with an average price target of $45.00.

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.