Mizuho raised the firm’s price target on Range Resources to $44 from $40 and keeps a Buy rating on the shares. The analyst says the company’s Q3 earnings call underscored the benefits of its contiguous acreage position and long inventory life. Range has been delivering modest, but accretive capital efficiency gains throughout 2023 and looks set to continue that trend into 2024, the analyst tells investors in a research note.
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