Barclays analyst Betty Jiang raised the firm’s price target on Range Resources (RRC) to $40 from $34 and keeps an Equal Weight rating on the shares. The firm lowered its end-of-March gas storage forecast to 1.7 Tcf on impact of a cold January, which it says cuts down the storage buffer just as liquified natural gas is ramping up and production growth is expected to slow. Barclays raising 2025-2026 gas prices to $4.00 and updating price targets for the gas-levered exploration and production companies.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRC:
- Range Resources price target raised to $43 from $39 at Stephens
- Range Resources price target raised to $32 from $30 at Piper Sandler
- Range Resources price target raised to $41 from $33 at Roth MKM
- Range Resources price target raised to $46 from $37 at Raymond James
- Bank of America Lays Out the Bullish Case for These 2 Energy Stocks