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Range Resources Corporation (RRC) operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. 
The company engages in the exploration, development, and acquisition of natural gas and oil properties.
As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States.
It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.
On July 25th, Range Resources (RRC) reported 2nd Quarter June 2022 earnings of $1.23 per share on revenue of $1.2 billion. The consensus earnings estimate was $1.15 per share on revenue of $938.0 million. Revenue grew 181.8% on a year-over-year basis. Shares have formed a bullish "cup and handle." The formation is supported by the stock's 50-day moving average. Higher share prices are expected.
Entry Point: $32.00
Trading Range: $12.37 to $37.44
Stop Loss: $30.00
Target Price: $35.30
RRC closed at $35.30
