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

Rating:
Overweight
RRC
up 66.03 %

Range Resources Corporation (RRC) upgraded to Overweight with price target $50 by Barclays

Posted on: Monday,  Mar 2, 2015  1:25 PM ET by Barclays

Barclays rated Overweight Range Resources Corporation (NYSE: RRC) on 03/02/2015. Previously Barclays rated Underweight Range Resources Corporation (NYSE: RRC) on 01/13/2014.,
when the stock price was $81.06. Since then, Range Resources Corporation has lost 39.77% as of 03/02/2015's recent price of $48.82.
If you would have followed the previous Barclays's recommendation on RRC, you would have gained 66.03% of your investment in 413 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.

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/28/2016 12:25 PM Buy
None
27.35 25.00
as of 8/27/2015
1 Week up  7.13 %
1 Month down  -24.44 %
3 Months down  -37.72 %
1 YTD up  19.95 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/2/2015 1:25 PM Buy
None
48.82 50.00
1/13/2014 12:25 PM Sell
None
81.06 76.00
11/4/2013 12:25 PM Sell
None
75.15

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