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

Rating:
Outperform
RRC
down 19.11 %

Range Resources Corporation (RRC) rated Outperform by BMO Capital Markets

Posted on: Thursday,  Jan 24, 2008  8:25 AM ET by BMO Capital Markets

BMO Capital Markets rated Outperform Range Resources Corporation (NYSE: RRC) on 01/24/2008, when the stock price was $46.99.
Since then, Range Resources Corporation has lost 19.11% as of 01/28/2016's recent price of $38.01.
If you would have followed this BMO Capital Markets's recommendation on RRC, you would have lost 19.11% of your investment in 2926 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.

The U.S. Equity Research team comprises over 25 analysts located in New York, Atlanta, Boston, Denver, Houston and Los Angeles. We cover more than 375 stocks and also provide equity strategy, quantitative analysis and portfolio management services to our clients. Our goal is to identify the best sectors to invest in, and the best stocks within those sectors, in order to help our clients maximize their portfolio returns. Our award-winning analysts provide research that is informative, perceptive and actionable.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/24/2008 8:25 AM Buy
None
46.99
as of 12/24/2008
1 Week down  -1.66 %
1 Month down  -5.65 %
3 Months up  18.78 %
1 YTD down  -31.68 %

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