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Stock Market & Financial Investment News

News Breaks
January 16, 2013
06:03 EDTRRCRange Resources reports FY12 production up 36%
Range Resources announced that its Q4 production volumes reached a record high of 844 Mmcfe per day. Q4 production increased 35% over the prior-year quarter and was 7% higher than Q3. While total production rose 35%, oil and NGL production increased 41% during Q4. Production for FY12 averaged 753 Mmcfe per day, a 36% increase over 2011. The company also announced its preliminary fourth quarter 2012 natural gas, NGLs and oil price realizations averaged $5.35 per mcfe, representing a 10% increase from Q3 and an 11% decrease from the prior-year period.
News For RRC From The Last 14 Days
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January 26, 2015
16:26 EDTRRCMarathon Oil, Cobalt, RSP Permian downgraded at UBS
UBS lowered its Brent and WTI forecasts to $52.50 and $49 from $67.50 and $62.50, respectively, and downgraded a number of names in the energy space in conjunction. Along with making changes to its oil price forecasts, UBS downgraded Marathon Oil (MRO), Cobalt (CIE) and RSP Permian (RSPP), all to Neutral from Buy. The firm also identified ConocoPhillips (COP), Devon Energy (DVN), Murphy Oil (MUR), Ultra Petroleum (UPL), Range Resources (RRC), Denbury Resources (DNR), and Magnum Hunter (MHR) as having high valuations, slowing growth and wide free cash flow deficits and said it was cautious on all of those names as well.
January 20, 2015
08:43 EDTRRCRange Resources downgraded to Neutral from Buy at SunTrust
SunTrust downgraded Range Resources to Neutral to reflect a lower commodity price deck forecast and impact from lower spending. Price target lowered to $55 from $85.
07:30 EDTRRCRange Resources upgraded to Buy from Accumulate at KLR Group
Price target $73.

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