Mark Scucchi Implements A Sell Strategy: Offloads $4.23M In Range Resources Stock

Mark Scucchi, EVP & CFO at Range Resources RRC, executed a substantial insider sell on March 20, according to an SEC filing.

What Happened: After conducting a thorough analysis, Scucchi sold 105,136 shares of Range Resources. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total transaction value is $4,226,357.

The latest update on Friday morning shows Range Resources shares down by 0.55%, trading at $40.05.

All You Need to Know About Range Resources

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 2024, Range Resources’ proven reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.18 billion cubic feet equivalent per day. Natural gas accounted for 68% of production.

Range Resources: A Financial Overview

Revenue Growth: Range Resources’s remarkable performance in 3 months is evident. As of 31 December, 2024, the company achieved an impressive revenue growth rate of 4.5%. This signifies a substantial increase 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 average among peers.

Profitability Metrics: Unlocking Value

• Gross Margin: The company shows a low gross margin of 31.14%, suggesting potential challenges in cost control and profitability compared to its peers.

• Earnings per Share (EPS): With an EPS below industry norms, Range Resources exhibits below-average bottom-line performance with a current EPS of 0.39.

Debt Management: Range Resources’s debt-to-equity ratio is below the industry average. With a ratio of 0.46, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

Market Valuation:

• Price to Earnings (P/E) Ratio: Range Resources’s stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 36.94.

• Price to Sales (P/S) Ratio: The P/S ratio of 4.17 is lower than the industry average, implying a discounted valuation for Range Resources’s stock in relation to sales performance.

• EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): At 15.55, the company’s EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company’s future performance.

Market Capitalization: Indicating a reduced size compared to industry averages, the company’s market capitalization poses unique challenges.

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Exploring the Significance of Insider Trading

Insider transactions shouldn’t be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.

Exploring the legal landscape, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.

Highlighted by a company insider’s new purchase, there’s a positive anticipation for the stock to rise.

But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.

Essential Transaction Codes Unveiled

When it comes to transactions, investors tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.

Check Out The Full List Of Range Resources’s Insider Trades.

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.