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

Neutral RRC

Range Resources Corporation (RRC) downgraded to Neutral by Sun Trust Rbsn Humphrey

Posted on: Tuesday,  Mar 24, 2009  8:25 AM ET by Sun Trust Rbsn Humphrey

Sun Trust Rbsn Humphrey rated Neutral Range Resources Corporation (NYSE: RRC) on 03/24/2009. Previously Sun Trust Rbsn Humphrey rated
Buy Range Resources Corporation (NYSE: RRC) on 07/28/2008., when the stock price was $53.57. Since then, Range Resources Corporation has lost 16.60% of its value until Sun Trust Rbsn Humphrey rated RRC Buy on 03/24/2009, when the price was $44.68. .

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.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/9/2013 8:25 AM Buy
as of 12/31/2009
1 Week down  -13.92 %
1 Month down  -3.20 %
3 Months down  -7.57 %
1 YTD up  45.41 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/22/2009 8:25 AM Buy
39.50 49.00
3/24/2009 8:25 AM Hold
7/28/2008 8:25 AM Buy
53.57 70.00

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