Analyst Will Green of Stephens Inc. says in the current natural gas environment, it is important to be mindful of balance sheets. With that in mind, he believes Range Resources Corp. (RRC) is well-positioned over the long term.
“It’s a company that has added value in a large way over the last several years, grown its EBITDA significantly, grown its production significantly despite dealing with lower natural gas prices,” Green said.
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Green says that Range Resources has learned to cope with struggles in the natural gas sector in a cost-effective manner. While it’s been impacted by lower price trends, Green says Range Resources is a solid long-term holding.
“They’ve reduced costs pretty significantly during that time frame, and I think it’s also come in along with the sector,” Green said. “I do think that it’s a long-term core holding that has learned how to add value and drive EBITDA growth over the long term and despite low prices, and I think they will be able to continue to do so.”
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