Appalachia Is The Place To Invest For A Natural Gas Recovery [Seeking Alpha]
Range Resources Corporation (RRC)
Last range resources corporation earnings: 4/30 05:30 pm
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US:NYSE Investor Relations:
ir.rangeresources.com
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Source: Seeking Alpha
Producers are signaling for production cuts in 2024 to help balance supply and demand while awaiting the anticipated LNG boom. Investors should focus on Appalachian producers for potential price recovery, due to low break-even costs and moderate liquid contents. I present two producers, Range Resources and EQT Corporation, as eventual winners in a natural gas rebound by the end of 2024. Thesis It's no secret that the commodity space for natural gas ( NG1:COM ) has had a challenging 2023. Now, 2024 looks to be even tougher. Prolonged prices at sub $2.00/mcf has the potential to create long term damage to the balance sheet of high cost producers. Many producers have signaled for slight production cuts in 2024 in an attempt to preserve capital. Producers hope to bring balance to the supply and demand curve while they await the highly anticipated LNG boom that is projected to start by the end of this year. Investors looking to capitalize on the potential price recovery of thi
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News
- 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
- Range Resources (RRC) Q1 Earnings Beat on Gas Production [Yahoo! Finance]Yahoo! Finance
RRC
Earnings
- 4/23/24 - Beat
RRC
Sec Filings
- 5/1/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 144
- RRC's page on the SEC website