Mark Scucchi Buys 12,955 Shares of Range Resources Corp. (NYSE:RRC) Stock

Range Resources Corp. (NYSE:RRC) CFO Mark Scucchi acquired 12,955 shares of Range Resources stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $4.36 per share, with a total value of $56,483.80. Following the transaction, the chief financial officer now owns 14,149 shares in the company, valued at $61,689.64. The purchase was disclosed in a filing with the SEC, which is available through this link.

Mark Scucchi also recently made the following trade(s):

  • On Thursday, August 1st, Mark Scucchi acquired 9,483 shares of Range Resources stock. The shares were bought at an average cost of $5.27 per share, with a total value of $49,975.41.

RRC stock traded down $0.11 during midday trading on Tuesday, hitting $4.33. The company had a trading volume of 532,119 shares, compared to its average volume of 14,705,192. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. Range Resources Corp. has a 52 week low of $4.09 and a 52 week high of $18.59. The firm has a 50 day moving average price of $5.65. The company has a market capitalization of $1.09 billion, a PE ratio of 3.83, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94.



Range Resources (NYSE:RRC) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas exploration company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Range Resources had a positive return on equity of 4.66% and a negative net margin of 45.91%. The firm had revenue of $851.43 million during the quarter, compared to the consensus estimate of $672.93 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The business’s revenue was up 29.8% on a year-over-year basis. Equities research analysts predict that Range Resources Corp. will post 0.44 EPS for the current year.

RRC has been the subject of several recent analyst reports. Jefferies Financial Group downgraded shares of Range Resources from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $17.00 to $7.00 in a research report on Monday, July 15th. Citigroup reduced their price objective on shares of Range Resources from $7.50 to $6.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Susquehanna Bancshares reduced their price objective on shares of Range Resources from $11.00 to $8.50 and set a “positive” rating for the company in a research report on Monday, July 29th. TD Securities reduced their price target on shares of Range Resources from $7.50 to $5.50 and set a “hold” rating for the company in a research report on Friday, July 26th. Finally, Guggenheim downgraded shares of Range Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.53.

Several institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its holdings in Range Resources by 667.8% during the 1st quarter. Quadrant Capital Group LLC now owns 2,242 shares of the oil and gas exploration company’s stock valued at $25,000 after acquiring an additional 1,950 shares during the period. Machina Capital S.A.S. purchased a new position in Range Resources during the 2nd quarter valued at $46,000. Reilly Financial Advisors LLC purchased a new position in Range Resources during the 2nd quarter valued at $70,000. M&T Bank Corp bought a new stake in Range Resources during the 2nd quarter valued at $69,000. Finally, MML Investors Services LLC bought a new stake in Range Resources during the 2nd quarter valued at $76,000.

Range Resources Company Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.

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