Has Natural Gas Hit Rock Bottom? [Yahoo! Finance News]
Range Resources Corporation (RRC)
Last range resources corporation earnings: 4/30 05:30 pm
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Source: Yahoo! Finance News
U.S. natural gas prices fell below $2/MMBtu The gas market is suffering from oversupply, as the shale industry has drilled the market into another bust. The share prices for top gas players were deep into red territory on Friday. Range Resources, for instance, was off by more than 8 percent. The story has been the same for quite a while. Natural gas production has surged more or less for a decade, and much of it was soaked up by new gas-fired power plants, new petrochemical facilities, or otherwise exported via new LNG export terminals. But production continued to climb, and here we are – a mild start to the winter and prices have fallen off a cliff. Part of the problem is the ongoing production increases in the Permian with total disregard to any price signal. Permian drillers are after the oil, leading to continued output increases of associated gas, despite prices often traded at or even below zero. The market has become so depressed that financial pressure in the Marcellus shale i
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News
- Range Resources Co. (NYSE: RRC) had its price target raised by analysts at Jefferies Financial Group Inc. from $32.00 to $34.00. They now have a "hold" rating on the stock.MarketBeat
- Range Resources Co. (NYSE: RRC) had its price target raised by analysts at Piper Sandler from $41.00 to $43.00. They now have an "overweight" rating on the stock.MarketBeat
- Range Resources Co. (NYSE: RRC) had its "buy" rating re-affirmed by analysts at Mizuho. They now have a $41.00 price target on the stock, up previously from $39.00.MarketBeat
- Range Resources Co. (NYSE: RRC) was downgraded by analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating. They now have a $39.00 price target on the stock, up previously from $36.00.MarketBeat
- Range Resources Corporation (NYSE:RRC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
RRC
Earnings
- 4/23/24 - Beat
RRC
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- RRC's page on the SEC website