Morningstar Rating

Stock Research and Analysis

by Mark Hanson, CFA

Bulls Say

Aggressive early moves have put Range squarely in the driver's seat in the Marcellus, one of the best resource plays in North America. The firm controls several decades of highly productive, low-cost drilling inventory here, targeting dry gas and liquids-rich formations.
Range's push to diversify its gassy production mix looks promising. Results from the horizontal Mississippian and St. Louis Lime have been among the best generated by the industry to date.
Range isn't afraid to high-grade its portfolio, having sold more than $2 billion in assets over the past several years. Read more 

Bears Say

U.S. natural gas and NGL fundamentals are likely to remain weak through 2013, if not longer. We expect these products to account for more than 90% of Range's volumes going forward.
Range's aggressive push in the Marcellus and Mississippian will require significant amounts of capital over the next several years. Given its debt-heavy balance sheet, the company may be forced to scale back drilling if gas prices remain depressed.
Ongoing regulatory, environmental, and legal issues in Pennsylvania could make life more difficult for E&Ps like Range and ultimately eat into returns. Read more 

Management

Until January 2012, Range was led by John Pinkerton, who joined Range as president in 1990 and was elected CEO in 1992. He remains as executive chairman, with Jeff Ventura taking over as president and CEO. Ventura has been with Range since 2003 and   Read more 

Profile

Fort Worth-based Range Resources is an independent exploration and production company with operations throughout the Southern, Central, and Northeastern United States, where   Read more 

First Name
Last Name
Email Address
Zip Code
Create Password
Verify Password
(6-15 characters; case sensitive)

Go North of the Border for These Energy Picks 
Watch more 

Premium Membership

View all of our analyst reports with a free trial to Morningstar.com Premium.