Range Resources (RRC) Stock Gains 31% For Past Month: Is It Long Term Investment Opportunity?

As Europe looks for alternatives for Russian energy resources some gas and oil stocks are blowing the market. One of them is Range Resources (NYSE: RRC), a well-established American energy company that has a lot of natural gas and oil reserves for more than a billion population having the European Union.

Fortunately, gas prices are soaring and this is the right time to find long-term buyers for Range Resources. The company has no issues in financial statements, positive EPS is also a good sign for the “buy and forget” strategy of patient investors. Today RRC shares slightly fell 0.71% to $30.69 but after the market close, it is recovering. Tomorrow it is supposedly going to grow 2% as it was surging slowly by 31% in a month.

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