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Stock impact report

Range Resources: Wall Street And Cognitive Dissonance Theory [Seeking Alpha]

Range Resources Corporation (RRC) 
Last range resources corporation earnings: 4/30 05:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.rangeresources.com
Company Research Source: Seeking Alpha
SummaryAs of April 21st, 23 out of 24 sell-side analysts had sell or neutral ratings on Range Resources.As of March 31, 2020, north of 80 million shares of Range were sold short.Range's stock price is up 100% since my last article, written 11 trading days ago.Range, at least as of December 31, 2019, was unhedged in 2021, yet its well-hedged peer, CNX, and its stock, has dramatically outperformed.April 5, 2020, marked my writing return, after a fourteen-month sabbatical from public writing due to a compelling corporate consulting assignment. Lo and behold, the very first company I chose to write about was Range Resources (RRCway too bearishNow, I deliberately and intentionally highlighted Range's 2021 bonds because I wanted to exhibit how extraordinarily negative the market had become towards Range's entire capital structure. As I noted in the piece, there are only $72 million (face value) of the 2021 bonds outstanding. So given the re-affirmed bank line as well as the markedly improv Show less Read more
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