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Is Range Resources a Good Natural Gas Stock to Own?

Shares of natural gas company Range Resources (NYSE:RRC) have surged in price over the past few months thanks to skyrocketing natural gas prices. However, after hitting its 52-week...
Is Range Resources a Good Natural Gas Stock to Own? © Reuters. Is Range Resources a Good Natural Gas Stock to Own?

Shares of natural gas company Range Resources (NYSE:RRC) have surged in price over the past few months thanks to skyrocketing natural gas prices. However, after hitting its 52-week high yesterday, does the stock have further upside to deliver? Read on. Fort Worth, Tex.-based natural gas, natural gas liquids (NGLs), and oil producer Range Resources Corporation’s (RRC) operations focus mainly on stacked-pay projects in the Appalachian Basin. Its share price has soared 33.6% over the past month to close yesterday’s trading session at $18.39, after hitting its 52-week high of $18.82, due primarily to galloping natural gas prices.

However, RRC’s natural gas production decreased in the second quarter. Also, its expenses increased considerably, and it reported a loss. Moreover, the company is being investigated by several law firms for potential law violations. For example, it is alleged that RRC artificially decreased its periodically reported cost estimates to plug and abandon its wells. So, the company’s near-term prospects look uncertain.

Here are the factors that we think could shape RRC’s performance in the coming months:

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27-09-2021 19:55:20 (UTC+7)

EUR/USD

1.1707

-0.0007 (-0.06%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (2)

EUR/USD

1.1707

-0.0007 (-0.06%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (2)

GBP/USD

1.3708

+0.0026 (+0.19%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (5)

USD/JPY

110.86

+0.14 (+0.12%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (9)

AUD/USD

0.7266

+0.0008 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (3)

USD/CAD

1.2663

+0.0011 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

EUR/JPY

129.78

+0.08 (+0.06%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (3)

EUR/CHF

1.0852

+0.0029 (+0.27%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (1)

Gold Futures

1,754.15

+2.45 (+0.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Silver Futures

22.677

+0.252 (+1.12%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

Copper Futures

4.2735

-0.0120 (-0.28%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (3)

Sell (2)

Crude Oil WTI Futures

75.39

+1.41 (+1.91%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (1)

Sell (7)

Brent Oil Futures

78.61

+1.38 (+1.79%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (0)

Sell (6)

Natural Gas Futures

5.513

+0.313 (+6.02%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (4)

US Coffee C Futures

193.60

-0.75 (-0.39%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Euro Stoxx 50

4,166.85

+8.34 (+0.20%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

S&P 500

4,455.48

+6.50 (+0.15%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

DAX

15,571.85

+40.10 (+0.26%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (0)

FTSE 100

7,052.03

+0.55 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

Hang Seng

24,208.78

+16.62 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,253.88

-5.16 (-0.23%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (11)

IBEX 35

8,981.50

+108.40 (+1.22%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

BASF SE NA O.N.

64.500

+0.800 (+1.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Bayer AG NA

47.20

+0.72 (+1.55%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

Allianz SE VNA O.N.

195.19

+2.85 (+1.48%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Adidas AG

279.23

-2.34 (-0.83%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (3)

Deutsche Lufthansa AG

6.455

+0.222 (+3.56%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (7)

Siemens AG Class N

146.73

-1.38 (-0.93%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (2)

Deutsche Bank AG

10.966

+0.131 (+1.21%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

 EUR/USD1.1707Buy
 GBP/USD1.3708Neutral
 USD/JPY110.86↑ Sell
 AUD/USD0.7266↑ Buy
 USD/CAD1.2663↑ Sell
 EUR/JPY129.78Neutral
 EUR/CHF1.0852↑ Buy
 Gold1,754.15↑ Buy
 Silver22.677Sell
 Copper4.2735↑ Buy
 Crude Oil WTI75.39Neutral
 Brent Oil78.61Neutral
 Natural Gas5.513Neutral
 US Coffee C193.60↑ Buy
 Euro Stoxx 504,166.85↑ Buy
 S&P 5004,455.48↑ Sell
 DAX15,571.85Buy
 FTSE 1007,052.03↑ Buy
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,253.88↑ Sell
 IBEX 358,981.50Sell
 BASF64.500↑ Sell
 Bayer47.20↑ Sell
 Allianz195.19↑ Sell
 Adidas279.23Sell
 Lufthansa6.455↑ Sell
 Siemens AG146.73Neutral
 Deutsche Bank AG10.966↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(5,665/ 5,715) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 27-09-2021 19:55:57
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,753.06+3.560.20%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
DO 0,001S-V1693017260
Dầu hỏa1564015950
ↂ Giá dầu thô thế giới
WTI$75.30-0.61-0.81%
Brent$78.65-0.64-0.82%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 18:54:42 27/09/2021
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