Earnings Growth and Market Outlook - Range Resources Corporation (RRC) is expected to see earnings growth of 33% in 2025 [1] - The U S Energy Information Administration forecasts the 2025 Henry Hub spot natural gas price to rise to $3 10 per MMBtu from $2 28 MMBtu in September reflecting growing demand due to increased liquefied natural gas exports [1] Company Strengths and Production Outlook - RRC has decades of low-risk drilling inventory in Appalachia which brightens its production outlook [2] - The company has lower well costs per lateral foot compared to many other upstream players [2] - RRC has consistently reduced its net debt load over the past several years and has the lowest emission intensity among U S upstream companies [3] Industry Comparison and Competitor Analysis - ConocoPhillips (COP) has a solid production outlook supported by decades of drilling inventories across its low-cost and diversified upstream asset base including Eagle Ford shale the Permian Basin and Bakken shale [5] - Diamondback Energy has reported ongoing enhancements in average productivity per well in the Midland Basin likely leading to increased production volumes [6] - Matador Resources has a strong presence in the prolific Wolfcamp and Bone Spring plays in the Delaware Basin [6]
Here's Why You Should Hold on to Range Resources Stock Right Now
Range Resources(RRC) ZACKS·2024-11-08 20:20