KLR Group Upgrades Range Resources (RRC) to Buy

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Go back to KLR Group Upgrades Range Resources (RRC) to Buy

Range Announces Second Quarter 2016 Results

July 26, 2016 4:31 PM EDT

FORT WORTH, Texas, July 26, 2016 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its second quarter financial results. 

Highlights

Announced pending merger with Memorial Resource Development Corp.Second quarter company production averaged 1,421 net Mmcfe per day, up 4% from the prior-year quarter, with Marcellus production averaging a record 1,379 net Mmcfe per day, up 16% from the prior-year quarterUnit costs reduced by 8%, or $0.24 per mcfe, compared to prior-year quarterTotal debt at lowest level since May 2012Completed the sale... More