(RRC) Range Resources - Ratings and Ratios

Range Resources Corporation is a leading independent energy company that explores, develops, and acquires natural gas, natural gas liquids (NGLs), and oil properties primarily in the Appalachian region. The companys diverse customer base includes utilities, marketing and midstream companies, industrial users, petrochemical end users, marketers/traders, and refining and marketing companies. With a strong presence in the US energy market, Range Resources has established itself as a significant player in the industry.

From a technical analysis perspective, Range Resources stock (RRC) is currently trading at $37.40, with a 20-day simple moving average (SMA) of $39.10 and a 50-day SMA of $36.82. The stocks 200-day SMA is $34.92, indicating a longer-term uptrend. The average true range (ATR) is $1.10, representing a 2.93% daily price movement. Given the current technical setup, its likely that RRC will continue to consolidate around its 50-day SMA before making its next move.

Fundamentally, Range Resources has a market capitalization of approximately $9.09 billion and a price-to-earnings (P/E) ratio of 34.27. The companys forward P/E ratio is significantly lower at 10.45, suggesting potential earnings growth. With a return on equity (RoE) of 6.95%, Range Resources is generating returns for its shareholders. Considering the current fundamental data, its likely that the companys earnings growth will drive the stock price higher.

Combining both technical and fundamental analysis, a potential forecast for Range Resources is that the stock will break out above its 20-day SMA of $39.10, driven by improving earnings and a favorable energy market outlook. If the company can maintain its current production levels and capitalize on the growing demand for natural gas, NGLs, and oil, the stock could potentially reach $42-$45 in the near term. However, a decline below the 50-day SMA of $36.82 could signal a short-term correction, potentially down to $35-$34.