Range Resources (RRC +2%) growth targets are attainable and warrant a premium, Capital IQ says,...

|About: Range Resources Corporation (RRC)|By:, SA News Editor

Range Resources (RRC +2%) growth targets are attainable and warrant a premium, Capital IQ says, but the firm thinks current valuations are sustainable only by a major hike in gas prices, which it doesn't see. Natural gas prices likely will remain under pressure, pinching RRC’s cash flows and returns at a time of high capital expenditures, the firm says in keeping its Sell rating on shares.