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

Rating:
Buy RRC
down 24.35 %

Range Resources Corporation (RRC) rated Buy with price target $47 by Jefferies & Co

Posted on: Monday,  May 4, 2009  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Buy Range Resources Corporation (NYSE: RRC) on 05/04/2009. Previously Jefferies & Co rated Buy Range Resources Corporation (NYSE: RRC)
on 01/11/2008., when the stock price was $50.25. Since then, Range Resources Corporation has lost 24.36% as of 01/28/2016's recent price of $38.01.
If you would have followed the previous Jefferies & Co's recommendation on RRC, you would have lost 24.35% of your investment in 2939 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.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/4/2009 8:25 AM Buy
None
42.80 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  32.65 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/25/2009 8:25 AM Buy
None
34.05 52.00
1/11/2008 8:25 AM Buy
None
50.25 65.00

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