Range Resources Corporation (NYSE:$RRC) saw its shares drop Wednesday. As of 12:45 p.m. EDT, the gas producer’s shares fell more than 10%. Why? It all started after Range Resources posted second-quarter results.

What Does This Mean?

The Fort Worth, Texas-based company earned an adjusted $16 million ($0.06 per share) in Q2. Even though this was an improvement from the second quarter in 2016, it still missed the consensus estimate by $0.02 per share.

One of the major issues seems to be that the company’s costs increased 1% last quarter thanks to higher workover and well service costs. At the same time, gathering, transportation, processing, and compression expenses were higher than 2016. However, higher realized prices counteract that impact.

Aside from weaker earnings, Range Resources also reduced its output growth forecast. Now, the gas producer expects output to grow 30% in 2017, down from its original guidance of 33% to 35% this year. Additionally, Range Resources narrowed its growth forecast for next year and now believes it will grow 10% to 20%, which is down from the initial projection that it would grow 20% in 2018.

Before we move on, it’s worth noting that this forecast is in contrast with that of Cabot Oil & Gas (NYSE:$COG). Why is this important? For starters, Cabot Oil & Gas is the company’s rival, and Cabot has a projection of increasing output by 8% to 12% in 2017.

What Does This Mean?

When you combine the missed expectations and reduction of its forward guidance, investors feel Range Resources has provided them with a lot of bad news in a short period of time.

The guidance cut might be concerning, but investors who are bullish on natural gas should jump at the chance to purchase the stock. Why? Right now, Range Resources is much cheaper. Plus, the gas producer still plans to deliver strong growth in the next few years, which could help the company if gas prices were to rebound.

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