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

Rating:
Strong Buy
RRC
down 45.67 %

Range Resources Corporation (RRC) rated Strong Buy by CapitalOne southcoast

Posted on: Friday,  May 16, 2008  9:25 AM ET by CapitalOne southcoast

CapitalOne southcoast rated Strong Buy Range Resources Corporation (NYSE: RRC) on 05/16/2008, when the stock price was $69.97.
Since then, Range Resources Corporation has lost 45.68% as of 01/28/2016's recent price of $38.01.
If you would have followed this CapitalOne southcoast's recommendation on RRC, you would have lost 45.67% of your investment in 2813 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.

Capital One Southcoast, Inc's research analysts provide comprehensive, ongoing research support. Our research analysts generate investment ideas for institutional clients across a broad range of industry sectors. Capital One Southcoast, Inc is a wholly-owned non-bank subsidiary of Capital One Financial Corporation. The securities sold, offered, or recommended by Capital One Southcoast, Inc are not insured by the FDIC, not bank guaranteed, and may lose value.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/24/2011 10:25 AM Buy
None
52.26 62.00
as of 12/24/2008
1 Week down  -1.66 %
1 Month down  -5.65 %
3 Months up  18.78 %
1 YTD down  -40.16 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/16/2008 9:25 AM Buy
None
69.97

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