Range Resources (RRC) Reports Proved Reserves Up 26% at End of 2014
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Oil Stocks on Watch as WTI, Brent Advance (USO)
January 14, 2015 2:34 PM EST(Updated - January 14, 2015 2:40 PM EST)
Oil stocks were on watch Wednesday as WTI and Brent advanced, marching higher by 5%. Gains followed the release of Fed's Beige Book.
In a statement to Bloomberg, Citi energy analyst Tim Evans said gains are "inspired by the assumption that prices have fallen as much as they need to fall given market conditions."
Related names include:
Apache Corp. (NYSE:... MoreBarclays Upgrades Range Resources (RRC) to Overweight
January 14, 2015 7:30 AM ESTBarclays upgraded Range Resources (NYSE: RRC) from Equalweight to Overweight with a price target of $54.00 (from $65.00).
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 $47.02 yesterday.
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