Range Resources Corp Receives a Sell from Barclays

By Carrie Williams

Barclays analyst Thomas Driscoll maintained a Sell rating on Range Resources Corp (NYSE: RRC) yesterday and set a price target of $26. The company’s shares opened today at $27.61.

According to TipRanks.com, Driscoll is a 4-star analyst with an average return of 4.2% and a 53.9% success rate. Driscoll covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Continental Resources, and Occidental Petroleum.

Range Resources Corp has an analyst consensus of Strong Buy, with a price target consensus of $41.25.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RRC in relation to earlier this year. Last month, Christopher Helms, a Director at RRC bought 4,000 shares for a total of $109,820.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Range Resources Corp. is an independent natural gas and oil company, which engages in the exploration, development, and acquisition of natural gas and oil properties in the Appalachian and Midcontinent regions of the United States. It operates through single segment which is the exploration and production of natural gas, natural gas liquids, and oil in the United States. The company was founded in 1976 and is headquartered in Fort Worth, TX.