Range Resources Corporation (NYSE:RRC) traded at a new 12-month high today of $28.98. So far today approximately 949,000 shares have been exchanged, as compared to an average 30-day volume of 8 million shares.
Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2021, Range’s proved reserves totaled 17.8 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.
Range Resources Corporation defies analysts with a current price ($28.70) 6.9% above its average consensus price target of $26.73.
In the past 12 months, shares of Range Resources Corporation have traded between a low of $8.47 and a high of $28.98 and are now at $28.70, which is 239% above that low price.
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