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

Rating:
Buy RRC
down 4.47 %

Range Resources Corporation (RRC) rated Buy

Posted on: Monday,  Nov 19, 2007  9:25 AM ET by Fortis Bank

Fortis Bank rated Buy Range Resources Corporation (NYSE: RRC) on 11/19/2007, when the stock price was $39.79. Since
then, Range Resources Corporation has lost 4.47% as of 01/28/2016's recent price of $38.01.
If you would have followed this Fortis Bank's recommendation on RRC, you would have lost 4.47% of your investment in 2992 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.

We are a global asset manager, offering investment solutions to clients in many different segments and markets. First and foremost, we are an active manager: we aim to deliver superior returns to our clients by making considered investment decisions based upon our own research. As well as seeking out the most rewarding top-down and bottom-up sources of returns, our investment centres carefully manage the risk in their portfolios. Risk budgeting and risk allocation are key elements in all of our investment strategies. We implement our strategies through model portfolios, which are adjusted in line with the investment objectives and constraints of individual clients. Intelligent implementation is an important determinant of final performance.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/19/2007 9:25 AM Buy
None
39.79 50.00
as of 8/27/2015
1 Week up  7.13 %
1 Month down  -24.44 %
3 Months down  -37.72 %
1 YTD down  -54.91 %

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