BUZZ-Brokerage Stephens raises PT on Range Resources

Reuters10-23

** Brokerage Stephens raises price target on oil and gas producer Range Resources Corp to $37 from $36 on third-quarter profit beat

** RRC shares up 2.5% at $30.65

** New price target represents a 24% upside to the stock's last close

** Brokerage says company will raise Q4 2024 cash flow per share 3% based on improved outlook for production, realized natural gas and natural gas liquids prices

** Adds that improved well operations and efficient collection processes boosted production by 2% over the past three-year average

** Co reported Q3 adj. profit/shr of 48 cents vs est. of 38 cents - LSEG

** 7 of 25 brokerages rate the stock "buy" or higher, 14 "hold" and 4 "sell"; their median PT is $33.50 - LSEG data

** Including session's moves, stock is up 1% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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