Higher Gas Prices Boost Range Resources

2025-04-02 19:18:46 ET

Summary

• Range Resources Corporation is a natural gas and gas liquids producer operating in the Marcellus (Pennsylvania) formation of Appalachia.
• This $9.7 billion company pays a 0.9% dividend and has $1 billion in share buyback authorization. Gas demand for electricity and LNG exports looks promising.
• The effect of just-announced tariffs on Range Resources are unknown. Its drilling and development costs may increase, or the RRC stock price may be reduced by a general market downdraft.

Range Resources Corporation ( RRC ) is an Appalachian natural gas and natural gas liquids producer that has weathered considerable lows in the sector and the region. Its market capitalization has increased slightly from last year from $9.0 billion to $9.7 billion; however, its dividend is minimal at 0.9%. Enthusiasm over the natural gas futures price strip has lifted the company to near the top of its 52-week range. I am keeping my ranking on hold for these reasons.

However, investors who expect the current higher U.S. natural gas prices to be sustained (due to demand for electricity generation and increased LNG exports) may want to consider Range Resources as a momentum buy....

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