5 Best Natural Gas Stocks to Buy Now

1. Range Resources Corporation (NYSE:RRC)

Number of Hedge Fund Holders: 36

Stock Price as of July 7: $24.03

Range Resources Corporation (NYSE:RRC) is a Fort Worth, Texas-based natural gas E&P company with a leading position in the Marcellus shale.

On June 7, the stock price of Range Resources Corporation (NYSE:RRC) reached a five-year high as natural gas prices also rocketed on the spot market. The company is focused on reducing its debt and also enhancing shareholder return. Range Resources Corporation (NYSE:RRC) stock is currently priced near 15% FCF yields. The company has hedged 50% of its production for 2023. This means that in case natural gas prices plummet due to inflationary pressures, the top line and bottom line of Range Resources Corporation (NYSE:RRC) would not be heavily impacted.

Here’s what Aristotle Capital Management said about Range Resources Corporation (NYSE:RRC) in its Q1 2022 investor letter:

“Range Resources (NYSE:RRC), a natural gas focused exploration and production company with operations in the Appalachian Basin, appreciated due to improved investor sentiment following an uptick in natural gas pricing. We maintain a position, as we believe the company’s low-cost acreage allows it to translate the healthy price environment into earnings and cash flow that is being used to reduce financial leverage, which can accrue additional value to equity shareholders in periods to come.”

As of Q1 2022, 36 funds held a stake in Range Resources Corporation (NYSE:R).

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