Energy Prospectus

In the last 3 months, 9 ranked analysts set 12-month price targets for RRC. The average price target among the analysts is $32.39.

My valuation is $44.00.

RRC is on-track to 30% year-over-year increase in production with a big jump in production coming in Q4, just in time for higher gas and NGL prices.

Analysts ratings:
Scotiabank rates RRC a BUY with target of $35
RBC Capital rates RRC a BUY with a target of $33
Cowen & Co rates RRC a BUY with a target of $35
Stifel rates RRC a BUY with a target of $20
Barclays rates RRC a SELL with a target of $18

If you agree with my forecast that natural gas storage is going below the 5-year average in September, then now is a good time to buy RRC.

AR has less exposure to rising gas prices because almost all of its gas through 2018 is hedged. GPOR will rise or fall based on their SCOOP well results, although a spike in natural gas prices would also give it a nice boost.

This is just a rumor, so do not give it much weight.

I had a conference call with two landman based in Tulsa on Friday. They told me that Gulfport has recently completed several new high rate wells in SCOOP. They may be the ones the company has already announced, but they said they were recent completions. These guys are actively working the Merge Area between SCOOP and STACK.