SB1 Markets on Wednesday downgraded energy company Equinor (EQNR.OL) to neutral from buy and increased its price target to 365 Norwegian kroner from 360 kroner.
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Repsol (REP.MC) concluded its share repurchase program worth 350 million euros and decided to terminate it before its expiration date of July 30.The Spanish energy company bought back a total of 15,768,002 shares, corresponding to 1.43% of its share capital, according to a Tuesday release.In addition, the company executed a capital reduction of 15.8 million euros through the redemption of these shares.
EQT (EQT) reported Q2 Tuesday adjusted earnings of $0.39 per diluted share, down from $0.45 a year earlier.Analysts polled by FactSet expected $0.41.Revenue for the quarter ended June 30 was $1.81 billion, down from $2.56 billion a year ago.Analysts surveyed by FactSet expected $1.76 billion.
Range Resources (RRC) reported Q2 earnings late Tuesday of $0.83 per diluted share, down from $0.99 a year earlier.Analysts polled by FactSet expected $0.64.Revenue in the three months ended June 30 fell to $833.6 million from $856.3 million a year earlier.