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Fly News Breaks for January 13, 2020
RRC
Jan 13, 2020 | 06:14 EDT
Susquehanna analyst Biju Perincheril downgraded Range Resources to Neutral from Positive with a price target of $5, down from $6, citing valuation and a challenging gas macro environment that will pressure the balance sheet and free cash flow generation. The analyst said Range's free cash flow generation has been impacted by weak natural gas and NGL prices, which are likely to persist until late this year.
News For RRC 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
RRC
Apr 23, 2024 | 10:06 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.
