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

Rating:
Outperform
RRC
down 2.13 %

Range Resources Corporation (RRC) rated Outperform with price target $45 by FBR Capital Markets

Posted on: Wednesday,  Mar 18, 2009  8:25 AM ET by FBR Capital Markets

FBR Capital Markets rated Outperform Range Resources Corporation (NYSE: RRC) on 03/18/2009, when the stock price was $38.84.
Since then, Range Resources Corporation has lost 2.14% as of 01/28/2016's recent price of $38.01.
If you would have followed this FBR Capital Markets's recommendation on RRC, you would have lost 2.13% of your investment in 2507 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.

FBR Capital Markets research group uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/30/2009 8:25 AM Buy
None
39.97 47.00
as of 12/31/2009
1 Week down  -13.92 %
1 Month down  -3.20 %
3 Months down  -7.57 %
1 YTD up  14.13 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/18/2009 8:25 AM Buy
None
38.84 45.00

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