, Tracking Stock Market Picks
Enter Symbol:
Range Resources Corporation (RRC) [hlAlert]

Mkt Perform

Range Resources Corporation (RRC) downgraded to Mkt Perform by Bernstein

Posted on: Thursday,  Feb 20, 2014  8:25 AM ET by Bernstein

Bernstein rated Mkt Perform Range Resources Corporation (NYSE: RRC) on 02/20/2014. Previously Bernstein rated Outperform Range Resources
Corporation (NYSE: RRC) on 09/11/2012., when the stock price was $68.78. Since then, Range Resources Corporation has gained 27.25% of its value until Bernstein rated RRC Outperform on 02/20/2014, when the price was $87.52. .

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.

A central advantage for Bernstein clients is the ability to harness our highly regarded expertise in investment research and management. Originally known as a value investor, Bernstein has long been known for seeking out stocks with temporarily depressed prices due to unwarranted short-term pessimism about a company’s ability to recover from its current problems. This philosophy is embodied in our flagship Strategic Value portfolio. But since value and growth stocks have alternated leadership—with no clear signal of when one style will give way to the other—we’ve developed a Strategic Growth portfolio that seeks out leading companies whose stock prices don’t fully reflect their companies’ potential for superior earnings growth.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/26/2014 8:25 AM Buy
as of 10/17/2014
1 Week up  6.16 %
1 Month down  -8.04 %
3 Months down  -13.01 %
1 YTD down  -16.94 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/20/2014 8:25 AM Hold
9/11/2012 8:25 AM Buy
5/21/2009 9:25 AM Buy

(*) Stock Price at the time of the recommendation.
RSS Feed | |  Facebook |  Twitter |  Google Plus
Home | Terms of Use | Advertise | FAQ | Support Page | Contact Us | About Us | Privacy Policy