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Fly News Breaks for January 12, 2016
SWN, RRC
Jan 12, 2016 | 07:48 EDT
Bernstei nexpects netual gas demand to struggle for most of this year, but it expects demand for the fuel to "improve into 2017," driven by switching from coal to gas by power plants. The firm expects Range Resources (RRC) and Southwestern Energy (SWN) to benefit from these trends. It keeps Outperform ratings on both stocks.
News For RRC;SWN From the Last 2 Days
RRC
Apr 23, 2024 | 16:41 EDT
RRC
Apr 23, 2024 | 16:40 EDT
Reports Q1 revenue $645.37M, consensus $659.31M. Production averaged 2.14 Bcfe per day, approximately 68% natural gas.
RRC
Apr 23, 2024 | 15:26 EDT
SWN
Apr 23, 2024 | 10:06 EDT
RRC
Apr 23, 2024 | 10:06 EDT
SWN
Apr 22, 2024 | 07:38 EDT
RRC
Apr 22, 2024 | 07:37 EDT
Susquehanna analyst Biju Perincheril raised the firm's price target on Range Resources to $36 from $34 and keeps a Neutral rating on the shares. The firm updated its estimates for their E&P sector by lowereing natual gas assumptions and maintaining oil prices. For 2024, they expect companies will continue their maintenance capital programs, while focusing on driving improving well productivity. Susquehanna also expects M&A activity to continue as companies look to shore up inventory positions.
