UBS Maintains a 'Neutral' on Range Resources (RRC); Raising Numbers

UBS maintains a 'Neutral' on Range Resources (NYSE: RRC) price target raised from $66 to $70.

UBS analyst says, "RRC disclosed an estimated ’12 liquids growth rate of 40%, above our prior forecast of 29%. Previously, RRC had not distinguished between liquids vs. natural gas growth and had only provided overall growth of 30-35% in ‘12. Partly offset by higher costs, we’re increasing our ‘12-‘13 estimates to $1.20/$5.35 & $1.70/$6.65 from $1.20/$5.20 & $1.35/$6.05."

For an analyst ratings summary and ratings history on Range Resources click here. For more ratings news on Range Resources click here.

Shares of Range Resources closed at $66.10 yesterday.

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