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Range Resources Corporation (RRC) [hlAlert]

Rating:
Buy RRC
down 57.90 %

Range Resources Corporation (RRC) rated Buy with price target $113 by Brean Capital

Posted on: Tuesday,  May 6, 2014  12:00 AM ET by Brean Capital

Brean Capital rated Buy Range Resources Corporation (NYSE: RRC) on 05/06/2014, when the stock price was $90.30. Since
then, Range Resources Corporation has lost 57.91% as of 01/28/2016's recent price of $38.01.
If you would have followed this Brean Capital's recommendation on RRC, you would have lost 57.9% of your investment in 632 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.

Brean Capital
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/6/2014 12:00 AM Buy
None
90.30 113.00
as of 10/17/2014
1 Week up  6.16 %
1 Month down  -8.04 %
3 Months down  -13.01 %
1 YTD down  -25.44 %

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