(RRC) Range Resources - Ratings and Ratios

Range Resources Corporation (NYSE:RRC) is a leading independent oil and natural gas company primarily focused on the Appalachian region, with a strong presence in the Marcellus Shale. The company specializes in the exploration, development, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties. Its operations emphasize horizontal drilling and hydraulic fracturing techniques, enhancing production efficiency. The company sells natural gas to utilities, midstream companies, and industrial users; NGLs to petrochemical end-users and processors; and oil to refiners and transporters. Originally founded in 1976 as Lomak Petroleum Inc., the company rebranded as Range Resources Corporation in 1998 and is headquartered in Fort Worth, Texas.

Over the next three months, Range Resources Corporation is expected to navigate a mixed outlook influenced by both technical and fundamental factors. Technically, the stock is currently trading slightly below its 20-day SMA of 35.55 but remains above its 200-day SMA of 33.98, indicating a neutral to bullish trend. The Average True Range (ATR) of 1.76 suggests moderate volatility. Fundamentally, the companys high P/E ratio of 31.36, compared to a forward P/E of 9.39, indicates expectations of significant earnings growth. The price-to-book ratio of 2.09 reflects a premium valuation relative to book value, while a return on equity (RoE) of 6.77% suggests modest profitability. Overall, the stock may experience sideways movement with potential upside driven by earnings growth and stable operations in the Appalachian region.