A closer look at Range Resources (RRC)
What’s up with Range Resources?
Range Resources (RRC) opened at $5.90, which means the stock is up 2.31% from yesterday’s closing price of 6.06. Today, the company has a high of $6.31 and a low of $5.76. The company has a market cap of $1.59 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 2.00. 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 strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future.. Based on this information RRC seems to be a safe 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.