Range Resources Corporation

Equities

RRC

US75281A1097

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:01 2024-04-26 pm EDT			5-day change	1st Jan Change
37.31 ^USD	-0.90%		+5.78%	+22.57%

03:47pm	Range Resources Insider Sold Shares Worth $603,131, According to a Recent SEC Filing	MT
12:23pm	RBC Downgrades Range Resources to Sector Perform From Outperform, Lifts Price Target to $39 From $36	MT

Range Resources : 1Q 2021 - Details of Hedging

April 26, 2021 at 05:05 pm EDT

RANGE RESOURCES CORPORATION

CONSOLIDATED GAS HEDGE POSITION

As of 04/16/2021

		GAS SWAPS							GAS 3-WAY COLLARS									GAS COLLARS						TOTAL
	Hedged		Hedged		Hedged		Hedged		Hedged		Sold Put	Long Put		Sold Call		Hedged		Hedged			Floor		Ceiling		Hedged
	Volumes		Volumes			Price		Volumes		Volumes			Price		Price			Price		Volumes		Volumes			Price		Price		Volumes
	MMBtu		MMBtu/day					MMBtu		MMBtu/day											MMBtu		MMBtu/day							MMBtu
CALENDAR YEAR 2021
Apr-21	16,500,000	550,000	$	2.76	7,200,000	240,000	$	1.99		$	2.33	$	2.60	10,800,000	360,000	$	2.52	$	3.00	34,500,000
May-21	17,050,000	550,000	$	2.76	7,440,000	240,000	$	1.99		$	2.33	$	2.60	11,160,000	360,000	$	2.52	$	3.00	35,650,000
Jun-21	16,500,000		550,000		$	2.76		7,200,000		240,000		$	1.99		$	2.33		$	2.60		10,800,000		360,000		$	2.52	$	3.00		34,500,000
2Q21	50,050,000		550,000		$	2.76		21,840,000		240,000		$	1.99		$	2.33		$	2.60		32,760,000		360,000		$	2.52	$	3.00		104,650,000
Jul-21	17,050,000	550,000	$	2.76	7,440,000	240,000	$	1.99		$	2.33	$	2.60	11,160,000	360,000	$	2.52	$	3.00	35,650,000
Aug-21	17,050,000	550,000	$	2.76	7,440,000	240,000	$	1.99		$	2.33	$	2.60	11,160,000	360,000	$	2.52	$	3.00	35,650,000
Sep-21	16,500,000		550,000		$	2.76		7,200,000		240,000		$	1.99		$	2.33		$	2.60		10,800,000		360,000		$	2.52	$	3.00		34,500,000
3Q21	50,600,000		550,000		$	2.76		22,080,000		240,000		$	1.99		$	2.33		$	2.60		33,120,000		360,000		$	2.52	$	3.00		105,800,000
Oct-21	17,050,000	550,000	$	2.76	7,440,000	240,000	$	1.99		$	2.33	$	2.60	11,160,000	360,000	$	2.52	$	3.00	35,650,000
Nov-21	16,500,000	550,000	$	2.76	7,200,000	240,000	$	1.99		$	2.33	$	2.60	-	-	$	-	$	-	23,700,000
Dec-21	17,050,000		550,000		$	2.76		7,440,000		240,000		$	1.99		$	2.33		$	2.60		-		-		$	-	$	-		24,490,000
4Q21	50,600,000		550,000		$	2.76		22,080,000		240,000		$	1.99		$	2.33		$	2.60		11,160,000		121,304		$	2.52	$	3.00		83,840,000

Note: Range also sold call swaptions of 280,000 Mmbtu/d for calendar 2022 at an average strike price of $2.81 per Mmbtu

RANGE RESOURCES CORPORATION

CONSOLIDATED OIL HEDGE POSITION

As of 04/16/2021

		OIL SWAPS						OIL COLLARS			TOTAL
	Swap		Swap			Swap	Hedged		Hedged	Floor		Ceiling	Hedged
	Volumes		Volumes			Price	Volumes		Volumes	Price		Price	Volumes
	Bbls		Bbls/day				Bbls		Bbls/day				Bbls
CALENDAR YEAR 2021
Apr-21	195,000	6,500	$	45.84							195,000
May-21	201,500	6,500	$	45.84							201,500
Jun-21	195,000		6,500		$	45.84							195,000
2Q21	591,500		6,500		$	45.84							591,500
Jul-21	201,500	6,500	$	55.10							201,500
Aug-21	201,500	6,500	$	55.10							201,500
Sep-21	195,000		6,500		$	55.10							195,000
3Q21	598,000		6,500		$	55.10							598,000
Oct-21	186,000	6,000	$	55.25							186,000
Nov-21	180,000	6,000	$	55.25							180,000
Dec-21	186,000		6,000		$	55.25							186,000
4Q21	552,000		6,000		$	55.25							552,000

RANGE RESOURCES CORPORATION

CONSOLIDATED OIL HEDGE POSITION

As of 04/16/2021

		OIL SWAPS						OIL COLLARS			TOTAL
	Swap		Swap			Swap	Hedged		Hedged	Floor		Ceiling	Hedged
	Volumes		Volumes			Price	Volumes		Volumes	Price		Price	Volumes
	Bbls		Bbls/day				Bbls		Bbls/day				Bbls
CALENDAR YEAR 2022
Jan-22	93,000	3,000	$	57.00							93,000
Feb-22	84,000	3,000	$	57.00							84,000
Mar-22	93,000		3,000		$	57.00							93,000
1Q22	270,000		3,000		$	57.00							270,000
Apr-22	45,000	1,500	$	56.92							45,000
May-22	46,500	1,500	$	56.92							46,500
Jun-22	45,000		1,500		$	56.92							45,000
2Q22	136,500		1,500		$	56.92							136,500
Jul-22	31,000	1,000	$	57.00							31,000
Aug-22	31,000	1,000	$	57.00							31,000
Sep-22	30,000		1,000		$	57.00							30,000
3Q22	92,000		1,000		$	57.00							92,000
Oct-22	-	-	$	-							-
Nov-22	-	-	$	-							-
Dec-22	-		-		$	-							-
4Q22	-		-		$	-							-
Cal 22	498,500	1,366	$	56.98							498,500

Note: Range also sold call swaptions of 1,000 Bbl/d for calendar 2022 at a strike price of $54 per Bbl

RANGE RESOURCES CORPORATION

CONSOLIDATED NGL HEDGE POSITION

As of 04/16/2021

	NGL - C5 Natural Gasoline (Non-TET)		NGL - C4 Normal Butane (Non-TET)							NGL - C3 Propane (Non-TET)
	Swap		Swap			Swap		Swap		Swap			Swap	Swap		Swap			Swap	Collar	Collar		Floor		Ceiling
	Volumes		Volumes			Price		Volumes		Volumes			Price	Volumes		Volumes			Price	Volumes	Volumes		Price			Price
	Bbls		Bbls/day			$/Gal		Bbls		Bbls/day			$/Gal	Bbls		Bbls/day			$/Gal	Bbls	Bbls/day		$/Gal			$/Gal
CALENDAR YEAR 2021
Apr-21	150,000	5,000	$	1.001	60,000	2,000	$	0.790	270,000	9,000	$	0.754	150,000		5,000	$	0.500	$	0.600
May-21	155,000	5,000	$	1.001	62,000	2,000	$	0.803	155,000	5,000	$	0.612	155,000		5,000	$	0.500	$	0.600
Jun-21	150,000		5,000		$	1.001		60,000		2,000		$	0.870	150,000		5,000		$	0.631	150,000		5,000		$	0.500		$	0.600
2Q21	455,000		5,000		$	1.001		182,000		2,000		$	0.821	575,000		6,319		$	0.683	455,000		5,000		$	0.500		$	0.600
Jul-21	93,000	3,000	$	1.152	-	-	$	-	62,000	2,000	$	0.708	-		-	$	-	$	-
Aug-21	77,500	2,500	$	1.110	-	-	$	-	62,000	2,000	$	0.708	-		-	$	-	$	-
Sep-21	75,000		2,500		$	1.120		-		-		$	-	60,000		2,000		$	0.708	-		-		$	-		$	-
3Q21	245,500		2,668		$	1.129		-		-		$	-	184,000		2,000		$	0.708	-		-		$	-		$	-
Oct-21	-	-	$	-	-	-	$	-	-	-	$	-	-		-	$	-	$	-
Nov-21	-	-	$	-	-	-	$	-	-	-	$	-	-		-	$	-	$	-
Dec-21	-		-		$	-		-		-		$	-	-		-		$	-	-		-		$	-		$	-
4Q21	-		-		$	-		-		-		$	-	-		-		$	-	-		-		$	-		$	-

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Range Resources Corporation published this content on 26 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2021 21:04:09 UTC.

Latest news about Range Resources Corporation

Range Resources Insider Sold Shares Worth $603,131, According to a Recent SEC Filing	09:47am	MT
RBC Downgrades Range Resources to Sector Perform From Outperform, Lifts Price Target to $39 From $36	06:23am	MT
Susquehanna Adjusts Price Target on Range Resources to $38 From $36, Keeps Neutral Rating	Apr. 25	MT
Truist Lifts Price Target on Range Resources to $31 From $30, Keeps Hold Rating	Apr. 25	MT
Stephens Adjusts Price Target on Range Resources to $42 From $41, Keeps Overweight Rating	Apr. 24	MT
Transcript : Range Resources Corporation, Q1 2024 Earnings Call, Apr 24, 2024	Apr. 24
Range Resources Guides for 'All-In' Capital Budget of $620 million to $670 Million, Nearly Flat Production in 2024	Apr. 23	MT
Range Resources Concludes Q1 With No Share Buybacks, About $1.1 Billion Available Under Program	Apr. 23	MT
Range Resources Q1 Adjusted Earnings, Sales Decline	Apr. 23	MT
Range Resources Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 23	CI
Earnings Flash (RRC) RANGE RESOURCES CORPORATION Posts Q1 Revenue $718.2M, vs. Street Est of $708.6M	Apr. 23	MT
Stifel Nicolaus Adjusts Range Resources Price Target to $39 From $36, Maintains Buy Rating	Apr. 23	MT
Susquehanna Adjusts Price Target on Range Resources to $36 From $34, Maintains Neutral Rating	Apr. 22	MT
Piper Sandler Adjusts Range Resources Price Target to $41 From $40, Maintains Overweight Rating	Apr. 19	MT
UBS Raises Range Resources Price Target to $28 From $25, Maintains Sell Rating	Apr. 11	MT
Scotiabank Downgrades Range Resources to Sector Perform From Sector Outperform, Raises Price Target to $45 From $40	Apr. 11	MT
Citigroup Raises Price Target on Range Resources to $37 From $33, Maintains Neutral Rating	Apr. 03	MT
Range Resources Corporation Announces Executive Changes	Mar. 15	CI
Mizuho Securities Raises Range Resources Price Target to $39 From $37, Maintains Buy Rating	Mar. 13	MT
Wells Fargo Adjusts Price Target on Range Resources to $34 From $32, Maintains Equalweight Rating	Mar. 12	MT
Piper Sandler Cuts Range Resources' Price Target to $40 From $42, Maintains Overweight Rating	Mar. 07	MT
Range Resources Keeps Quarterly Dividend at $0.08 a Share, Payable March 29 to Shareholders of Record March 15	Mar. 01	MT
Range Resources Corporation Declares Quarterly Cash Dividend, Payable on March 29, 2024	Mar. 01	CI
Truist Securities Trims Price Target on Range Resources to $32 From $33, Maintains Hold Rating	Feb. 23	MT
Transcript : Range Resources Corporation, Q4 2023 Earnings Call, Feb 22, 2024	Feb. 22

Chart Range Resources Corporation

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Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and crude oil and condensate company. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties in the Appalachian region of the United States. Its principal area of operations is the Marcellus Shale in Pennsylvania. Its properties consist of interests in developed and undeveloped natural gas and oil leases. It owns approximately 1,466 net producing wells in Pennsylvania. It has an unbooked resource potential within the Marcellus, Utica/Point Pleasant and Upper Devonian formations. Its exploration and production operations are limited to the onshore United States. It has approximately 860,000 gross (753,000 net) acres under lease. Its subsidiaries include Range Resources-Appalachia, LLC, Range Resources-Pine Mountain, LLC, Range Production Company, LLC, Range Resources-Midcontinent, LLC and Range Resources-Louisiana, Inc.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-08 - Annual General Meeting

More about the company

Income Statement Evolution

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Ratings for Range Resources Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

37.65 USD

Average target price

37.15 USD

Spread / Average Target

-1.33%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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