Pennsylvania halts ETP Sunoco Mariner East pipeline again [Reuters]
Range Resources Corporation (RRC)
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Source: Reuters
Pennsylvania halts ETP Sunoco Mariner East pipeline again | Reuters Reuters Staff 3 Min Read (Reuters) - * An administrative law judge for the Pennsylvania Public Utility Commission (PUC) granted a request to stop construction on Energy Transfer Partner LP’s (ETP) Mariner East 2 and 2X pipelines and halt flows on the existing Mariner East 1 natural gas liquids pipe. * Katie Bays, an energy analyst at Height Securities in Washington, said in a note on Friday that “there’s a chance the PUC reverses the ALJ order and allows service on Mariner East 1 to resume” at any time following ETP’s appeal. ALJ is an abbreviation for “administrative law judge.” * The judge’s order, issued on May 21 but not made public until Thursday, applies only to West Whiteland Township, where a sinkhole discovered earlier this year led the PUC to halt service on Mariner East 1 from March 7-May 3. * The judge granted the request to halt work and flows on the pipelines so additional studies can be conducted on the
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- Range Resources Co. (NYSE: RRC) had its price target raised by analysts at Piper Sandler from $40.00 to $41.00. They now have an "overweight" rating on the stock.MarketBeat
- Range Resources Co. (NYSE: RRC) had its "buy" rating re-affirmed by analysts at Mizuho. They now have a $39.00 price target on the stock.MarketBeat
- Range Resources Co. (NYSE: RRC) was downgraded by analysts at Scotiabank from a "sector outperform" rating to a "sector perform" rating. They now have a $45.00 price target on the stock.MarketBeat
- Range Resources Co. (NYSE: RRC) is now covered by analysts at Barclays PLC. They set an "underweight" rating and a $35.00 price target on the stock.MarketBeat
- Range Resources Co. (NYSE: RRC) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $36.00 price target on the stock.MarketBeat
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- 2/21/24 - Beat
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- 4/12/24 - Form ARS
- 4/11/24 - Form 8-K
- 4/10/24 - Form SC
- RRC's page on the SEC website