Range Resources Corp Receives a Hold from B.Riley FBR

By Jason Carr

In a report released yesterday, Rehan Rashid from B.Riley FBR reiterated a Hold rating on Range Resources Corp (NYSE: RRC), with a price target of $16. The company’s shares closed yesterday at $13.10, close to its 52-week low of $12.98.

According to TipRanks.com, Rashid is ranked #1475 out of 4732 analysts.

Range Resources Corp has an analyst consensus of Moderate Buy, with a price target consensus of $21.30.

Based on Range Resources Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $571 million and GAAP net loss of $128 million. In comparison, last year the company earned revenue of $504 million and had a GAAP net loss of $161 million.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock.

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.