A Director at Range Resources Corp (RRC) is Buying Shares

Today, a Director at Range Resources Corp (RRC), James Funk, bought shares of RRC for $97.9K.

Following this transaction James Funk’s holding in the company was increased by 16.64% to a total of $690.5K. In addition to James Funk, one other RRC executive reported Buy trades in the last month.

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Based on Range Resources Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $972 million and GAAP net loss of $1.76 billion. In comparison, last year the company earned revenue of $654 million and had a net profit of $219 million. Currently, Range Resources Corp has an average volume of 2.37M.

Based on 15 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $15.38, reflecting a 54.9% upside. Eight different firms, including B.Riley FBR and Credit Suisse, currently also have a Buy rating on the stock.

The insider sentiment on Range Resources Corp has been positive according to 40 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Range Resources Corp. engages in the exploration, development, and acquisition of natural gas and oil properties in the Appalachian and Midcontinent regions. The company was founded in 1976 and is headquartered in Fort Worth, TX.