Range Resources (RRC) has experienced a tough market since 2014, May with a drop from an all-time high of just above $92/share to $21/share by the end of 2014. The stock is making another attempt to return to fair value and it looks like it may have a chance this time as the energy industry begins to stabilize. Natural gas is where Range Resources concentrates. This is considered a Market stock so it is a bit more stable than some of the other securities in the energy sector, but still not for a short-term investor that is looking for a quick fix to the energy industry. Energy and related industries will take some time to sort out all of the changes but, the probability that Range Resources will return to fair value over time has increased.
Range Resources Corporation (RRC) Looking to Move Back Into Fair Value Earning a Buy Consideration
About the Author: Steve Albrecht
Steven Albrecht was the President and CEO of Charter Trust Company from 2001-2016