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Fly News Breaks for June 2, 2017
RRC
Jun 2, 2017 | 06:36 EDT
Goldman analyst Brian Singer removed Range Resources from the Conviction Buy List saying shares have underperformed since being added to the list on October 31, 2016 on the back of poor gas sentiment and reduced confidence in Louisiana assets acquired in 2016 due to unfavorable well performance and a shift in how the company plans to flow future wells. Singer said improved confidence in Louisiana results may take several quarters until chosen wells are online. Shares remain Buy rated with a $42.50 price target.
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