RRC - Noteworthy Insider Activity: Charles Griffie Invests $200K In Range Resources Stock | Benzinga
On May 9, Charles Griffie, Director at Range Resources (NYSE:RRC) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Griffie purchased 5,410 shares of Range Resources. The total transaction amounted to $200,007.
Range Resources shares are trading up 0.03% at $36.92 at the time of this writing on Friday morning.
Discovering Range Resources: A Closer Look
Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2023, Range Resources' proven reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.14 billion cubic feet equivalent per day. Natural gas accounted for 69% of production.
Key Indicators: Range Resources's Financial Health
Revenue Growth: Range Resources's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -26.84%. This indicates a decrease in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the ...