RRC - STEVEN GRAY Takes a Bullish Stance: Acquires $200K In Range Resources Stock | Benzinga
STEVEN GRAY, Director at Range Resources (NYSE:RRC), disclosed an insider purchase on May 9, based on a new SEC filing.
What Happened: In a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission, it was disclosed that GRAY bought 5,410 shares of Range Resources, amounting to a total of $200,007.
During Friday's morning session, Range Resources shares down by 2.6%, currently priced at $35.95.
Get to Know Range Resources Better
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
Negative Revenue Trend: Examining Range Resources's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -26.84% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the ...