Range Resources (RRC) Gets a Hold from Barclays

In a report released on March 13, Betty Jiang from Barclays maintained a Hold rating on Range Resources, with a price target of $41.00. The company’s shares closed last Friday at $43.51.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Jiang is a 4-star analyst with an average return of 5.2% and a 54.55% success rate. Jiang covers the Energy sector, focusing on stocks such as Coterra Energy, Chevron, and Devon Energy.

The word on The Street in general, suggests a Hold analyst consensus rating for Range Resources with a $42.00 average price target, implying a -3.47% downside from current levels. In a report released on March 12, Piper Sandler also maintained a Hold rating on the stock with a $42.00 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 36 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 2,000.00 shares for a total of $83,660.00.