山脈資源股票討論區

Insiders selling shares below current price could indicate they believe shares are fully valued. Lack of insider buying over the past year is not confidence-inspiring, but high insider ownership suggests management's interests align with shareholders.

The recent share price pullback may not be surprising after such a good run, and there might still be too much optimism reflected in the share price. The company's ability to grow earnings going forward is crucial. However, there are 3 warning signs in the investment analysis of Range Resources, and one of them is concerning.

Expectations of declining future earnings seem to explain Range Resources' low P/E ratio. A strong near-term share price increase seems unlikely as the stock price is expected to struggle to maintain its current level.

Chairman Greg Maxwell expressed excitement over the appointment of Griffie, highlighting his breadth of industry experience and strategic marketing background, which he believes will be beneficial as Range continues to harvest the value of its high-quality Appalachian inventory.

SUMMARY
Maintain our OW rating and raise our PT (NAV based) to $33 from $31. We expect RRC to be nearly FCF neutral this quarter despite gas macro weakness, aided by RRC's low decline asset base and prudent hedging strategy.
BODY TEXT
1. Activity Cadence and Hedging Update. RRC is currently running 3 rigs in the Marcellus, but plans to drop two of them by Q4'23. Public data shows 11 / 6 gross spuds / completions through 6/30/2...