Bullish Case: RRC shows resilience with strong fundamentals, high insider ownership, and potential earnings growth despite natural gas market volatility.


Bearish Case: Market volatility, uncertainty in natural gas prices, and recent insider selling signal potential downside risks for RRC.


Potential Outcomes: High chance (60%) RRC maintains strong cash flow. Moderate chance (30%) natural gas price volatility impacts RRC. Low chance (10%) of dramatic volatility spike.


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April 13, 2024


Range Resources Forecast

RRC        Range Resources
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with RRC



AR Forecast + Options Trading Strategies   AR  Antero Resources (0.92)


OVV Forecast + Options Trading Strategies   OVV  Ovintiv (0.9)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (0.9)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.88)


OBE Forecast + Options Trading Strategies   OBE  Obsidian Energy (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to RRC



BCS Forecast + Options Trading Strategies   BCS  Barclays (0.0)


WW Forecast + Options Trading Strategies   WW  WW International (-0.0)


MCB Forecast + Options Trading Strategies   MCB  Metropolitan (-0.0)


DPST Forecast + Options Trading Strategies   DPST  Direxion Daily Regional Banks Bull 3X Shares (-0.0)


MFC Forecast + Options Trading Strategies   MFC  Manulife Financial (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against RRC



PEN Forecast + Options Trading Strategies   PEN  Penumbra (-0.79)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.79)


LW Forecast + Options Trading Strategies   LW  Lamb Weston (-0.8)


TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (-0.8)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.88)





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