We have upped our recommendation for Range Resources Corp. (NYSE:RRC) to Neutral from Underperform, following the impressive fourth quarter 2011 results.
The company’s better-than-expected fourth quarter 2011 results were mainly aided by a higher production level and realized prices along with lower unit costs. The fourth quarter production volume of 625.1 million cubic feet equivalent per day (MMcfe/d) jumped nearly 16% from the year-earlier level, with a surge in natural gas and natural gas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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