Susquehanna raised the firm’s price target on Range Resources to $38 from $36 and keeps a Neutral rating on the shares. The firm said they beat on EPS and production, led by its strong capital efficiency. It kept its production guide for 2024, but now expects to push TIL’s for its dry gas window into the back half of the year given the commodity price environment.
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Read More on RRC:
- Range Resources sees FY24 production 2.12 – 2.16 Bcfe per day
- Range Resources reports Q1 EPS 69c, consensus 57c
- Range Resources options imply 3.3% move in share price post-earnings
- Range Resources price target raised to $39 from $36 at Stifel
- Range Resources price target raised to $36 from $34 at Susquehanna
