Range Resources Q2 Recap: 2 Negatives Outweigh 1 Positive (Archive)

This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.

Elevator Pitch

• A recent 16% downgrade in natural gas price forecasts, due to higher expected storage levels before the 2025-26 winter is a major headwind for Range Resources.
• Over the last 10 years, seasonality analysis shows us that RRC stock has a rather poor win rate and negative return expectations in Jul-Aug, and for most of H2.
• On the plus side, the 3-year production outlook points to a brewing growth inflection point.
• RRC stock's valuations are also undemanding, and I recognize that this can be a source of upside risk.
• However, to offset the point above, the technicals on the relative RRC, versus SPX500 charts look weak and warn of further downside ahead.

Read the full article here.