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Range Resources Corporation (RRC) [hlAlert]

Rating:
Hold RRC

Range Resources Corporation (RRC) rated Hold

Posted on: Wednesday,  Nov 28, 2007  9:25 AM ET by Stifel Nicolaus

Range Resources (RRC)
rated Hold by Stifel Nicolaus.

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.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/19/2011 8:25 AM Buy
None
72.09 90.00
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 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/19/2011 8:25 AM Buy
None
62.40 75.00
3/2/2009 8:25 AM Buy
None
32.88 54.00
7/18/2008 8:25 AM Buy
None
58.71 84.00
11/28/2007 9:25 AM Hold
None
38.17

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