Range Resources is essentially a highly leveraged play on the Marcellus and natural gas prices.
As primarily a Marcellus operator (roughly 85% of total production), Range Resources is a gas-heavy exploration and production firm, with more than 95% of proved reserves consisting of natural gas or natural gas liquids, or NGLs. The company has diversified its asset base somewhat after its merger with Memorial Resource Development in 2016. Memorial gives Range exposure to gas- and NGL-heavy assets in northern Louisiana, and the transaction helped shore up Range’s shaky balance sheet.With natura...Range Resources is a holding company. Through its subsidiaries, the company is an independent natural gas, natural gas liquids and oil company, engaged in the exploration, development and acquisition of natural gas and oil properties, located in the Appalachian and North Louisiana regions of the United States, primarily in the Marcellus Shale in Pennsylvania and the Lower Cotton Valley formation in Louisiana.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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