Range Resources Corporation (RRC) in Fort Worth, Tex., is a privately held natural gas, natural gas liquids (NGLs), and oil firm company. The company explores for, develops, and purchases natural gas and oil resources. As of Dec. 31, 2021, the firm owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease in the Appalachian area of the Northeastern United States.
The stock has gained 187.6% in price over the past year and 79.7% year-to-date to close yesterday's trading session at $32.04 on the back of soaring natural gas prices. In addition, Range Resources' board of directors authorized a $500 million share repurchase program in the first quarter of 2022, highlighting the company's robust cash flow generating capabilities.
