TD Cowen Sticks to Their Hold Rating for Range Resources (RRC)

In a report released yesterday, Robert Hodges from TD Cowen maintained a Hold rating on Range Resources, with a price target of $45.00. The company’s shares closed yesterday at $43.59.

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According to TipRanks, Hodges is a 2-star analyst with an average return of 6.6% and a 100.00% success rate. Hodges covers the Energy sector, focusing on stocks such as APA, EQT, and Occidental Petroleum.

Currently, the analyst consensus on Range Resources is a Hold with an average price target of $42.29, which is a -2.98% downside from current levels. In a report released yesterday, TipRanks – Anthropic also reiterated a Hold rating on the stock with a $47.00 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.