RRC Stock Recent News

RRC is a US natural gas and natural gas liquids exploration and production company with over 500,000 net acres in the Marcellus Shale field in Pennsylvania. The company's acreage produces a mixture of primarily natural gas (methane) and natural gas liquids, the latter accounting for 29% of its total energy-equivalent output. I use a 3-step model to estimate RRC's cash production costs, commodity price realizations and free cash flow in 2023, 2024 and 2025.

FORT WORTH, Texas, July 07, 2023 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its second quarter 2023 financial results news release will be issued Monday, July 24 after the close of trading on the New York Stock Exchange.

Range Resources Corporation is a well-hedged natural gas company, offering a suitable margin of safety for investors bullish on natural gas. The company holds more than 30 years' worth of low-breakeven natural gas inventory, positioning it as a valuable long-term investment. Range Resources' strong cash flow potential and attractive hedges for 2024 make it an appealing choice for investors.

Range Resources Corporation is an independent E&P that mostly focuses on the production of natural gas in the Marcellus Shale. The company's stock price has defied the commodity markets and is up sharply YTD despite gas prices being down. The company's enormous reserves position it well for growth once gas prices return to a reasonable level.

Range Resources Corporation RRC has gained 3.6% in the past six months against a 20.2% decline of the composite stocks belonging to the industry.

Range Resources (RRC) reported earnings 30 days ago. What's next for the stock?

Although the revenue and EPS for Range Resources (RRC) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Range Resources (RRC) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $1.18 per share a year ago.

Range Resources will experience tough comps with an average strip price of $2.72/mcf. Despite short-term headwinds, RRC currently trades with a 20% FCF yield.

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.