RRC

Range Resources Corporation

Industrial/Transportation


Presented:10/27/2014
Price:$65.15
Cap:$10.80B
Current Price:$29.90
Cap:$7.24B

Presented

Date10/27/2014
Price$65.15
Market Cap$10.80B
Ent Value$13.63B
P/E Ratio22.99x
Book Value$19.16
Div Yield0.3%
Shares O/S165.71M
Ave Daily Vol2,020,000
Short Int5.50%

Current

Price$29.90
Market Cap$7.24B
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company acquires, explores, and develops natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and Southwestern regions. The company owns 6,136 net producing wells; and approximately 1.6 million gross acres under lease in the Appalachian region. It also owns 1,538 net producing wells; and approximately 710,000 gross acres under lease in the Southwestern region. In addition, the company owns gas gathering and transportation pipelines. Range Resources Corporation sells natural gas to utilities, marketing and mid-stream companies, and industrial users; NGLs to natural gas processors or users of NGLs; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. As of December 31, 2013, it had proved reserves of 8.2 Tcfe. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1975 and is headquartered in Fort Worth, Texas.

Publicly traded companies mentioned herein: Range Resources Corporation (RRC), EQT Corporation (EQT)

Highlights

The presenter believes shares of Range Resources (RRC) - which have fallen ~20% year-to-date - are likely to come under further pressure over the next 12-18 months. Oil price declines are filtering through the chain and NGLs are suffering in concert; supply/ demand imbalances are likely to persist; and the presenter - who is also bearish on the price of natural gas and gasoline - sees things getting worse heading out into 2017/ 2018.

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Idea Discussion

Commentor 1 - 2 weeks ago

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