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Enter Symbol:
 
Range Resources Corporation (RRC) [hlAlert]

Rating:
Overweight
RRC
up 16.90 %

Range Resources Corporation (RRC) rated Overweight by Morgan Stanley

Posted on: Monday,  Dec 10, 2012  9:25 AM ET by Morgan Stanley

Morgan Stanley rated Overweight Range Resources Corporation (NYSE: RRC) on 12/10/2012, when the stock price was $64.89. Since then, Range Resources
Corporation has gained 16.91% of its value until Morgan Stanley rated RRC Equal-Weight on 07/18/2013, when the price was $75.86.
If you would have followed this Morgan Stanley's recommendation on RRC, you would have gained 16.9% of your investment in 220 days.

Range Resources Corporation (Range) is engaged in the exploration, development and acquisition of oil and gas properties, primarily in the Southwestern, Appalachian and Gulf Coast regions of the United States. During the year ended December 31, 2008 the Company?s proved reserves comprised 2.7 trillion cubic feet equivalents (Tcfe) of proved reserves; 83% natural gas; 62% proved developed; 77% operated, and a reserve life of 17.9 years. During 2008, Range owned 3,694,000 gross (2,952,000 net) acres of leasehold, including 407,800 acres where it also owns a royalty interest. The Company has built a multi-year inventory drilling that is estimated to contain over 12,000 drilling locations. In 2008, the Company?s annual production averaged 385.6 millions of cubic feet equivalent (Mmcfe) per day. In 2008, Range drilled 634 gross wells. In 2008, Range purchased producing and non-producing Barnett Shale properties. Also in 2008, the Company sold properties located in East Texas.

Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. Our analysts, economists, and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets, and the world’s economies. Our teams collaborate to assist Morgan Stanley clients with investment decisions, using cash and derivative instruments across major asset classes and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/18/2013 8:25 AM Hold
None
75.86
as of 12/31/2012
1 Week down  -0.80 %
1 Month down  -3.17 %
3 Months   
1 YTD down  -3.17 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/10/2012 9:25 AM Buy
None
64.89

(*) Stock Price at the time of the recommendation.
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