Range Resources Corporation (RRC)
Range Resources Corporation operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Fort Worth, TX, US. The stock last traded at $41.09, down 1.90% on the session, giving a market capitalisation of $9.60B. On trailing twelve-month figures it carries a trailing P/E of 11.29, a net margin of 26.0%. Its beta of 0.43 implies it has historically moved less than the broad market.
Range Resources Corporation (RRC) functions as an autonomous energy enterprise within the United States, concentrating its efforts on natural gas, natural gas liquids (NGLs), and crude oil. The company's core activities involve the exploration, growth, and procurement of hydrocarbon assets. By the close of 2021, Range Resources managed 1,350 operational wells and possessed leasing rights for approximately 794,000 net acres, predominantly situated in the Appalachian region of the northeastern United States. Range Resources distributes its natural gas and NGLs to various clients, including utility providers, marketing and midstream businesses, industrial consumers, petrochemical end-users, commodity marketers/traders, and natural gas processors. Furthermore, it supplies oil and condensate to crude oil processing facilities, transportation firms, and refining and marketing organizations. Established in 1976, the company's main office is located in Fort Worth, Texas. It previously operated under the name Lomak Petroleum, Inc., before officially adopting Range Resources Corporation in 1998.
Range Resources Corporation is most often compared with the following Energy names: