Benzinga | Oct 21, 2020 10:39AM EDT

Why Range Resources Stock Is Trading Higher Today

Range Resources (NYSE:RRC) shares are trading higher on Wednesday after Raymond James upgraded the stock from Underperform to Market Perform.

Fort Worth-based Range Resources is an independent exploration and production company with operations throughout the southern, central, and northeastern United States, where its focus includes the Marcellus Shale in Pennsylvania. At year-end 2019, Range's proved reserves totaled 18.2 trillion cubic feet equivalent, with net production of 2.3 billion cubic feet equivalent per day. Natural gas accounted for 69% of production.

Range Resources shares traded up 4.26% to $9.06 on Wednesday at the time of publication. The stock has a 52-week high of $9.37 and a 52-week low of $1.61.