Scotia Capital is out with a research report on Range Resources Corporation RRC and it has a Sector Perform rating and a $80 price target on shares.
In a note to clients, Scotia Capital writes, "Results better than expected. Q3/11 production (reported Oct. 18) of 537 mmcfe/d was 4% above our estimate. The beat was driven by the company's infrastructure build proceeding faster than anticipated. CFPS of $1.19 was 13% above our estimate (and 11% above consensus). Higher production and lower operating costs accounted for difference."
Shares of RRC are up 71 cents to $70.73.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in