Range Resources is essentially a highly leveraged play on the Marcellus and natural gas prices.
We're holding steady on our fair value estimate and no-moat rating for Range Resources after the company released fourth-quarter and full-year results. Range increased production in 2017 to 2.0 billion cubic feet per day, a 30% increase versus 2016. Southwest Marcellus production, Range's bread and butter assets, increased production by 34% year over year. The higher production combined with higher prices to drive revenue, earnings and cash flow up versus 2016. We expect the company's core Marce...
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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