Has Natural Gas Hit Rock Bottom? [Yahoo! Finance News]
Range Resources Corporation (RRC)
Last range resources corporation earnings: 4/30 05:30 pm
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Source: Yahoo! Finance News
U.S. natural gas prices fell below $2/MMBtu The gas market is suffering from oversupply, as the shale industry has drilled the market into another bust. The share prices for top gas players were deep into red territory on Friday. Range Resources, for instance, was off by more than 8 percent. The story has been the same for quite a while. Natural gas production has surged more or less for a decade, and much of it was soaked up by new gas-fired power plants, new petrochemical facilities, or otherwise exported via new LNG export terminals. But production continued to climb, and here we are – a mild start to the winter and prices have fallen off a cliff. Part of the problem is the ongoing production increases in the Permian with total disregard to any price signal. Permian drillers are after the oil, leading to continued output increases of associated gas, despite prices often traded at or even below zero. The market has become so depressed that financial pressure in the Marcellus shale i
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News
- Range Resources Co. (NYSE: RRC) had its price target raised by analysts at Wells Fargo & Company from $38.00 to $40.00. They now have an "overweight" rating on the stock.MarketBeat
- Range Resources Co. (NYSE: RRC) had its price target raised by analysts at Mizuho from $40.00 to $47.00. They now have an "outperform" rating on the stock.MarketBeat
- Range Resources Co. (NYSE: RRC) was upgraded by analysts at UBS Group AG from a "sell" rating to a "neutral" rating. They now have a $35.00 price target on the stock.MarketBeat
- Range Resources Co. (NYSE: RRC) had its price target raised by analysts at Citigroup Inc. from $33.00 to $38.00. They now have a "neutral" rating on the stock.MarketBeat
- Range Declares Quarterly DividendGlobeNewswire
RRC
Earnings
- 10/22/24 - Beat
RRC
Sec Filings
- 12/9/24 - Form 4
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- RRC's page on the SEC website