Range Resources (RRC) Valuation Update - April 22

[dan_s]

I have updated my forecast/valuation model for RRC based on my updated oil & gas price deck.

At the time of this post RRC was trading for $33.31

I have lowered my current valuation of RRC by $3 to $45 per share.
I do think there is a good chance that RRC reports better Q1 results than my forecast. It will report Q1 results after the markets close today.

RRC is one of the 4 "gassers" in the Sweet 16 with a production mix of approximately 69.0% natural gas, 29.2% NGLs and 1.8% crude oil.

Tipranks: "In the last 3 months, 20 ranked analysts set 12-month price targets for RRC. The average price target among the analysts is $41.95." The 20 price targets range from $51 to $33.

My updated forecast/valuation model for RRC will be posted to the EPG website this afternoon.