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

Neutral RRC

Range Resources Corporation (RRC) downgraded to Neutral with price target $88 by Global Hunter Securities

Posted on: Monday,  Apr 1, 2013  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Neutral Range Resources Corporation (NYSE: RRC) on 04/01/2013. Previously Global Hunter Securities rated Accumulate
Range Resources Corporation (NYSE: RRC) on 04/21/2011., when the stock price was $53.30. Since then, Range Resources Corporation has gained 51.39% of its value until Global Hunter Securities rated RRC Buy on 04/01/2013, when the price was $80.69. .

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.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/23/2013 10:25 AM Buy
73.61 94.00
as of 12/13/2013
1 Week up  0.79 %
1 Month up  6.50 %
3 Months up  8.25 %
1 YTD up  36.67 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/1/2013 9:25 AM Hold
80.69 88.00
4/21/2011 10:25 AM Buy
53.30 64.00

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