Here’s Why You Should Hold On to Range Resources Stock Right Now
Range Resources Corporation RRC is expected to see year-over-year earnings growth of 40.4% in 2025.
In its latest short-term energy outlook, the U.S. Energy Information Administration projected 2025 Henry Hub spot natural gas at $4.12 per million British thermal units (MMBtu), significantly higher than last year’s $2.19 per MMBtu. The rising price of the commodity reflects growing demand following the increasing export of liquefied natural gas. This can benefit Range Resources since it is a leading natural gas explorer and producer.
RRC, which carries a Zacks Rank #3 (Hold) at present, has decades of low-risk drilling inventory in Appalachia, brightening its production outlook. The company has lower well costs per lateral…
