Stephens raised the firm’s price target on Range Resources to $36 from $35 and keeps an Overweight rating on the shares. The firm notes that its updated Q3 EBITDA estimate of $235M is 8% below consensus while its Q3 capex and production estimates of $166M and 2.16 Bcfepd are 1% above and 1% below consensus, respectively.
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Read More on RRC:
- Range Resources price target raised to $34 from $33 at Siebert Williams
- Range Resources price target lowered to $40 from $45 at Mizuho
- Range Resources upgraded to Equal Weight from Underweight at Barclays
- Range Resources upgraded to Overweight from Equal Weight at Wells Fargo
- Range Resources price target lowered to $31 from $33 at Morgan Stanley