Siebert Williams Shank & Co Sticks to Its Hold Rating for Range Resources (RRC)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Hold rating on Range Resources today and set a price target of $42.00.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 7.9% and a 59.39% success rate. Sorbara covers the Energy sector, focusing on stocks such as Devon Energy, Comstock Resources, and Matador Resources.

Currently, the analyst consensus on Range Resources is a Hold with an average price target of $44.73.

Based on Range Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $833.57 million and a net profit of $195.32 million. In comparison, last year the company earned a revenue of $699.65 million and had a net profit of $237.58 million

Based on the recent corporate insider activity of 44 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, Reginal Spiller, a Director at RRC sold 3,500.00 shares for a total of $140,000.00.