Watch for Continued Gains in Shares of Range Resources Corporation

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Shares of Range Resources Corporation RRC traded today at $23.17, eclipsing its 52-week high. So far today approximately 1.5 million shares have been exchanged, as compared to an average 30-day volume of 5.9 million shares.

Fort Worth-based Range Resources is an independent exploration and production company that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2020, Range’s proved reserves totaled 17.2 trillion cubic feet equivalent, with net production of 2.2 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.

Range Resources Corporation defies analysts with a current price ($22.89) 14.8% above its average consensus price target of $19.50.

In the past 52 weeks, shares of Range Resources Corporation have traded between a low of $5.93 and a high of $23.17 and are now at $22.89, which is 286% above that low price.

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.