Range Resources (RRC) Update - Jan 18

[dan_s]

RRC closed at $22.49 on January 18. TipRank's price target is $26.85.
I updated my forecast/valuation model today and I am increasing my current valuation by $3.50 to $32.00/share.

Range's operating cash flow should go from $1.0 billion in 2021 to over $1.4 billion in 2022, assuming HH gas averages $3.50/MMBtu this year.
Their 2021 capital expenditures were $415 million, so free cash flow in 2021 was approximately $600 million. FCF in 2022 should be approximately $800 million.

Per TipRanks, four analysts have adjusted their price targets in January to $24, $26, $32 and $34.

My forecast/valuation model for RRC has been updated on the EPG website.