RRC - U.S. Well Services Range Resources finalize fracturing services deal

U.S. Well Services ([[USWS]] +51.9%) surges to its highest in seven months on news it finalized a contract extension to provide electric hydraulic fracturing services for Range Resources ([[RRC]] +9.3%) in the Appalachian Basin."This partnership allows us to improve our class-leading well costs, while helping to make substantial progress towards our ambitious goal of net-zero greenhouse gas emissions," says Range President and CEO Jeff Ventura.Separately, Range is upgraded to Buy from Hold with an $11 price target, raised from $9, at Tudor Pickering as part of several upgrades among U.S. natural gas producers.Range Resources' FY 2020 cash flow is "nothing close to what is needed to properly service the debt load," Long Player writes in an analysis published recently on Seeking Alpha.

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U.S. Well Services, Range Resources finalize fracturing services deal