Range ResourcesRRC
Market Cap: 7.71B
About: Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2023, Range Resources' proven reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.14 billion cubic feet equivalent per day. Natural gas accounted for 69% of production.
Employees: 548
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
13% more capital invested
Capital invested by funds: $7.18B [Q4 2023] → $8.14B (+$960M) [Q1 2024]
8% more funds holding in top 10
Funds holding in top 10: 12 [Q4 2023] → 13 (+1) [Q1 2024]
2% more call options, than puts
Call options by funds: $75.3M | Put options by funds: $73.7M
0.01% more ownership
Funds ownership: 97.74% [Q4 2023] → 97.76% (+0.01%) [Q1 2024]
1% less funds holding
Funds holding: 398 [Q4 2023] → 396 (-2) [Q1 2024]
3% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 60
21% less repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 145
Research analyst outlook
27 Wall Street Analysts provided 1 year price forecasts over the past 6 months
27 analyst ratings
RBC Capital Scott Hanold | 23%upside $39 | Sector Perform Reiterated | 25 Jul 2024 |
Susquehanna Biju Perincheril | 13%upside $36 | Neutral Maintained | 22 Jul 2024 |
Jefferies Lloyd Byrne | 10%upside $35 | Hold Maintained | 8 Jul 2024 |
Mizuho Nitin Kumar | 42%upside $45 | Buy Maintained | 13 May 2024 |
Jefferies Lloyd Byrne | 7%upside $34 | Hold Maintained | 2 May 2024 |
Financial journalist opinion
Based on 9 articles about RRC published over the past 30 days