Range Resources (RRC) falls 6%
Range Resources (RRC) opened at $6.23, which means the stock is down 6% from yesterday’s closing price of 6.15. Today, the company has a high of $6.48 and a low of $5.78. The company has a market cap of $1.49 billion with a 52-week high of $9.74 and a 52-week low of $1.61.
What about the future for Range Resources
The high forecast for Range Resources is 9.00 while the low is 1.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Range Resources has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy.. Based on this information RRC seems to be a risky buy.
About Range Resources
Range Resources Corp. engages in the exploration, development, and acquisition of natural gas and oil properties in the Appalachian and Midcontinent regions. The company was founded in 1976 and is headquartered in Fort Worth, TX.