Range Resources (RRC) is expected to post "straightforward" Q2 results that top analysts' consensus expectations, RBC Capital Markets said in Tuesday note.
RBC said it now estimates Range Resources' Q2 earnings per share at $0.67, compared with $0.77 previously and the $0.60 consensus, and production at 2.18 billions of cubic feet equivalent per day versus the 2.17 Bcfe/d consensus.
Range Resources' production mix "should remain relatively consistent" moving forward and production growth should advance in Q3 after its planned plant maintenance, said the investment firm. RBC also said the company continues to evaluate demand opportunities like its deal to supply natural gas to a potential data center in Pennsylvania.
RBC has a sector perform rating on Range Resources, with a $42 price target.
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