Tags: Range | Resources | Bargain | Barrons

Range Resources Could Be Bargain Amid 2017 Swoon: Barron's

Image: Range Resources Could Be Bargain Amid 2017 Swoon: Barron's
(DreamsTime)

Sunday, 05 Mar 2017 07:06 PM

Shares of natural gas company Range Resources Corp. look undervalued after sliding 20 percent so far in 2017 amid weak natural gas prices, according to an article in Barron's.

The article cites Range Resource's ability to drill profitable wells even at current prices and said the company could be a takeover target for a larger energy-and-production company or an oil major.

The shares (RRC), which closed on Friday at $27.34, could hit $40 in a year if energy prices rise, according to Barron's.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
StreetTalk
Shares of natural gas company Range Resources Corp. look undervalued after sliding 20 percent so far in 2017 amid weak natural gas prices, according to an article in Barron's.
Range, Resources, Bargain, Barrons
83
2017-06-05
Sunday, 05 Mar 2017 07:06 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved