Range Resources

RRC

Range Resources Corporation is a petroleum and natural gas exploration and production company organized in Delaware and headquartered in Fort Worth, Texas. It is one of the largest exploration companies operating in the Marcellus Formation. As of December 31, 2019, the company had 18.191 trillion cubic feet of natural gas equivalent of estimated proved reserves, of which 67% was natural gas, 31% was natural gas liquids, and 2% was petroleum. Approximately 87% of total proved reserves and 88% of 2019 production was in the Marcellus Formation.

Range Resources has been a target of short sellers for a while. The current short interest of 9.58% is slightly above the average of the last 12 months (7.57%).