Range Resources (RRC) Stock Forecast & Price Target

Range Resources has demonstrated robust fundamentals with proven reserves totaling 18.1 trillion cubic feet equivalent and net production at 2.18 billion cubic feet equivalent per day, indicating strong operational capacity in the Marcellus Shale. The company's management expects production growth at high-single-digit rates, supported by potential increases in natural gas prices and successful asset management strategies that have resulted in significant positive performance revisions. Additionally, Range Resources maintains a favorable leverage ratio within its target range and a long-term drilling inventory, positioning it well for sustained cash returns to investors amidst improving market conditions.

Range Resources faces significant risks that could adversely affect its financial outlook. The company's reliance on natural gas, which constituted 68% of its production, leaves it vulnerable to commodity price fluctuations and declining demand, potentially impacting cash flow and EBITDA estimates. Additionally, uncertainties surrounding reserve productivity, project delays due to regulatory constraints, and execution challenges related to labor and supply chain issues further exacerbate the potential for negative financial performance.