Range Resources (RRC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
RRC boasts decades of low-risk drilling inventory in Appalachia, strengthening its production outlook.
Range Resources (RRC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Range Resources (RRC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
RRC is likely to enjoy a rally in natural gas prices driven by rising LNG demand and low inventory levels. RRC is well-positioned for volume growth, supported by favorable energy policies and efficient production capabilities in the Appalachia region. RRC typically trades at a premium vs its comps but this is arguably deserved due to a superior costs structure. And currently, its valuation premium is lower than usual levels.
Does Range Resources (RRC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Wolfe Research upgraded Range Resources to Outperform from Peer Perform with a $42 price target. Range has the inventory depth to see absolute value reset from a higher mid-cycle gas price, the analyst tells investors in a research note. Liquids has always helped lower its portfolio to breakeven, but on the margin the firm sees improving in-basin differentials as a secondary tailwind.
RRC boasts decades of low-risk drilling inventory in Appalachia, strengthening its production outlook. However, the stock is exposed to gas price volatility.
Range Resources remains a top pick due to extensive low-cost reserves, strong pricing power, and a commitment to shareholder returns. Improved natural gas fundamentals and tight supply-demand dynamics support significant upside potential, especially if prices stay elevated. Despite high volatility, RRC could achieve triple-digit stock prices, potentially reaching $200 under favorable conditions over the next 10-15 years.
Range Resources (RRC) reported earnings 30 days ago. What's next for the stock?
Higher prices of natural gas are highly beneficial for companies like Range Resources Corporation, Antero Resources Corporation and Comstock Resources Inc.
RRC boasts decades of low-risk drilling inventory in Appalachia, strengthening its production outlook. However, the stock is exposed to gas price volatility.