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Range Resources Corp RRC Stock Quote

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Morningstar‘s Stock Analysis RRC

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Range Resources Enjoying Record Cash Flows in 2022, but Further Inflation Expected in 2023 and On

Analyst Note

| Dave Meats, CFA |

We have lowered our fair value estimate for Range Resources to $34 per share from $36 after incorporating second-quarter results. The decrease reflects inflationary pressures in 2023. While the firm is seeing higher costs in 2022 as well, this was fully incorporated into our previous model and 2022 capital expenditure guidance was unchanged. The shares surged ahead regardless on the day of the release.

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Key Statistics RRC

Company Profile RRC

Business Description

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 2021, Range's proved reserves totaled 17.8 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.

Contact
100 Throckmorton Street, Suite 1200
Fort Worth, TX, 76102
T +1 817 870-2601
Sector Energy
Industry Oil & Gas E&P
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Hard Assets
Employees 527

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