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

Rating:
Buy RRC
down 12.50 %

Range Resources Corporation (RRC) rated Buy

Posted on: Friday,  Oct 5, 2007  9:25 AM ET by Calyon Securities

Calyon Securities rated Buy Range Resources Corporation (NYSE: RRC) on 10/05/2007, when the stock price was $43.44. Since
then, Range Resources Corporation has lost 12.50% as of 01/28/2016's recent price of $38.01.
If you would have followed this Calyon Securities's recommendation on RRC, you would have lost 12.5% of your investment in 3037 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.

U.S. Equity Research is distributed to institutional accounts within the U.S. and Europe. With the combined efforts and cross-selling of our global institutional sales team and global research efforts we are able to reach leading financial institutions across the globe.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/5/2007 9:25 AM Buy
None
43.44 52.00
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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