Range Resources (RRC) Gets a Hold from TD Cowen
TD Cowen analyst Gabriel Daoud initiated coverage with a Hold rating on Range Resources today and set a price target of $48.00.
Claim 30% 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
Daoud covers the Energy sector, focusing on stocks such as Enterprise Products Partners, EOG Resources, and Occidental Petroleum. According to TipRanks, Daoud has an average return of -14.8% and a 32.48% success rate on recommended stocks.
In addition to TD Cowen, Range Resources also received a Hold from TipRanks – Anthropic’s Anthropic Oil and Gas Exploration and Production in a report issued today. However, on the same day, TipRanks – OpenAI reiterated a Buy rating on Range Resources (NYSE: RRC).
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 41 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, Margaret Dorman, a Director at RRC sold 12,500.00 shares for a total of $542,267.60.
Read More on RRC:
