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

Rating:
Outperform
RRC
down 3.99 %

Range Resources Corporation (RRC) rated Outperform by Morgan Keegan

Posted on: Friday,  Oct 31, 2008  8:25 AM ET by Morgan Keegan

Morgan Keegan rated Outperform Range Resources Corporation (NYSE: RRC) on 10/31/2008, when the stock price was $39.59. Since
then, Range Resources Corporation has lost 3.99% as of 01/28/2016's recent price of $38.01.
If you would have followed this Morgan Keegan's recommendation on RRC, you would have lost 3.99% of your investment in 2645 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.

Since Morgan Keegan's founding 38 years ago, quality investment research has been a hallmark of the firm. Over the years, we have built our reputation by focusing on companies that have gone unnoticed by Wall Street. Today, our staff of senior equity analysts tracks more than 250 companies concentrated in ten industry sectors
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/31/2008 8:25 AM Buy
None
39.59
as of 12/24/2008
1 Week down  -1.66 %
1 Month down  -5.65 %
3 Months up  5.75 %
1 YTD up  5.75 %

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