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 2016, 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

Jeff Ventura has served as Range's president and CEO since 2008 and 2012 respectively, and was named chairman of the board at the start of 2015. Ventura has been with Range since 2003 and previously served as the company's COO. Before Range, Ventura   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 

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