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

Rating:
Buy RRC
up 25.28 %

Range Resources Corporation (RRC) rated Buy with price target $43 by Stanford Research

Posted on: Friday,  Oct 24, 2008  9:25 AM ET by Stanford Research

Stanford Research rated Buy Range Resources Corporation (NYSE: RRC) on 10/24/2008, when the stock price was $30.34. Since
then, Range Resources Corporation has gained 25.28% as of 01/28/2016's recent price of $38.01.
If you would have followed this Stanford Research's recommendation on RRC, you would have gained 25.28% of your investment in 2652 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.

Stanford Research encompasses both institutional equity research and Washington-focused policy research, offering a perspective on individual companies, sector-specific topics and national policy. The importance Stanford Group Company places on research comes from years of experience in a constantly changing world. We know that as markets develop and new sectors grow, it is imperative that our clients have the most accurate information available to ensure financial success. Stanford Group Company clients will always have our commitment to conduct informative and enlightening research. As a part of our commitment to our clients, we provide objective, well-developed research. Our skilled analysts use their talent to provide invaluable research that can help in making important decisions. Thanks to a wide range of resources obtained through technology, experience and reputation, our research analysts develop reports on the most current firms and sectors. Our equity analysts offer insight and opinions on companies in the consumer/retail, media, energy, financial institutions, health care, technology and water/environment sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/3/2008 9:25 AM Buy
None
41.34 50.00
as of 12/24/2008
1 Week down  -1.66 %
1 Month down  -5.65 %
3 Months up  1.28 %
1 YTD up  1.28 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/24/2008 9:25 AM Buy
None
30.34 43.00

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