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Fly News Breaks for March 30, 2017
RRC
Mar 30, 2017 | 05:49 EDT
UBS analyst William Featherston upgraded Range Resources to Buy citing an attractive relative valuation with the stock down 16% year-to-date. The analyst also sees a near-term catalyst in the "gas seasonality trade" in April, which he says "has been strikingly consistent over the last 10 years." The analyst keeps a $38 price target for Range shares.
News For RRC From the Last 2 Days
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 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.