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

Rating:
Buy RRC
down 6.03 %

Range Resources Corporation (RRC) rated Buy with price target $50 by SMH Capital

Posted on: Monday,  Nov 17, 2008  9:25 AM ET by SMH Capital

SMH Capital rated Buy Range Resources Corporation (NYSE: RRC) on 11/17/2008, when the stock price was $40.45. Since
then, Range Resources Corporation has lost 6.03% as of 01/28/2016's recent price of $38.01.
If you would have followed this SMH Capital's recommendation on RRC, you would have lost 6.03% of your investment in 2628 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.

Sanders Morris Harris has built a unique, niche-oriented research effort that's attuned to the Southwest, yet takes a broad, global perspective. Our analysts cover some 100 companies in six broad sectors, including business services; energy; entertainment & media; financial services; and technology. Whatever the geographical focus, our research approach is fundamental and no-nonsense. We look at industries in a bottom-up way, and get to know company managements in depth, to understand their growth philosophy and their views of how their company fits within their group. And we provide straightforward, timely advice to both institutional and private clients based on that research. Unlike many Wall Street firms, which have developed arcane "recommendation matrixes," we have three simple categories of investment advice: buy, sell and hold. And we transmit our recommendations in timely, useful form. Our on-line Research Library gives clients access to the full range of company reports and bulletins generated by our analytical staff. Above all, of course, the success of SMH's research effort rests on its gifted team of analysts - a purposeful blend of experienced research pros and young, creative individuals, all of whom have honed their financial skills within the target industry or with major accounting firms. The combination works. Three of our analysts have appeared on the Wall Street Journal roster of All-Star Analysts or on the Institutional Investor's All-Star Research Team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/17/2008 9:25 AM Buy
None
40.45 50.00
as of 12/24/2008
1 Week down  -1.66 %
1 Month down  -5.65 %
3 Months up  3.51 %
1 YTD up  3.51 %

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