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

down 44.31 %

Range Resources Corporation (RRC) upgraded to Buy with price target $65 by Deutsche Securities

Posted on: Thursday,  Feb 28, 2008  1:25 PM ET by Deutsche Securities

Deutsche Securities rated Buy Range Resources Corporation (NYSE: RRC) on 02/28/2008, when the stock price was $64.09. Since then, Range Resources
Corporation has lost 44.31% of its value until Deutsche Securities rated RRC Hold on 12/15/2008, when the price was $35.69.
If you would have followed this Deutsche Securities's recommendation on RRC, you would have lost 44.31% of your investment in 291 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.

Deutsche Bank's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/29/2009 8:25 AM Hold
as of 12/24/2008
1 Week down  -1.66 %
1 Month down  -2.27 %
3 Months up  18.55 %
1 YTD down  -24.45 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/15/2008 8:25 AM Hold
35.69 38.00
2/28/2008 1:25 PM Buy
64.09 65.00

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