Two worthy Stocks to Watch: Range Resources Corp. (RRC), Petroleo Brasileiro SA Petrobras (ADR) (PBR.A)


Range Resources Corp. (NYSE:RRC)

Stock’s Trading Stats:

Range Resources Corp. (NYSE:RRC) is trading down with a percentage change of -3.21% and is at $36.54 right now. The Company’s market capitalization stands at $6.16 Billion in the current trading Session whereas, its outstanding shares are 169.74 Million.

Recent Press Release:

Range Resources Corp. (RRC) on March 28 nnounced that it has completed the sale of its Bradford County non-operated assets. After purchase price adjustments based upon a January 1st effective date, Range received approximately $110 million of sales proceeds at the closing plus retaining the net cash flow since the effective date. In early February, Range signed a purchase and sale agreement covering its non-operating Marcellus interest in Bradford County, Pennsylvania for approximately $112 million. Range sold an average working interest of 23% covering approximately 10,900 net acres with net production of approximately 22 Mmcf per day.

Range will include the Bradford County operations in its operations until the closing date in its first quarter reported operations. The net proceeds were used to reduce debt and other corporate purposes. This monetization further strengthens the Company’s financial position by reducing leverage and enhancing liquidity. After the sale, the borrowing base under Range’s revolving credit facility remains unchanged at $3 billion.

Range Resources Corp. (RRC) operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. The company holds interests in developed and undeveloped natural gas and oil leases in the Appalachian region of the United States.

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR.A)

Stock’s Trading Stats:

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR.A) is declining -3.31% percent and is at $5.25 in the Real-Time trading session. The stock’s market capitalization stands at $41.46 Billion with outstanding shares of 5.60 Billion.

Recent Press Release:

Petroleo Brasileiro SA Petrobras (ADR) (PBR.A) operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets. The company’s Refining, Transportation and Marketing segment is involved in the refining, logistics, transport, and trading of crude oil and oil products, as well as exports ethanol and invests in petrochemical companies. This segment also engages in the extraction and processing of shale. The company’s Gas and Power segment engages in the transportation and trade of natural gas and liquid natural gas; generation and trade of electricity; holding interests in natural gas transportation and distribution, and thermoelectric power plants; and fertilizer business. Its Biofuels segment is involved in the production of biodiesel and its co-products, as well as in the investment, production, and trading of ethanol, sugar, and the electric power generated from sugarcane bagasse.