Range Resources downgraded to Equal Weight from Overweight at Stephens Stephens downgraded Range Resources citing valuation and the firm's more conservative medium-term NG/NGL price outlook. Target to $73 from $77. The note is dated October 29.
Pennsylvania regulators charge Range Resources record $4.15M fine, Upstream says Pennsylvania regulators have charged Range Resources with a record $4.15M fine for environmental violations at a western Pennsylvania site, Upstream reports. The $4.15M fine represents the largest fine the state of Pennsylvania has ever levied against a shale driller. Range Resources will also close five artificial ponds that were leaking flowback water, will upgrade liners and leak detection systems at two other ponds, and will test surrounding soil and groundwater for contamination, Upstream added. Reference Link