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

Rating:
Overweight
RRC
down 28.44 %

Range Resources Corporation (RRC) rated Overweight by Thomas Weisel

Posted on: Wednesday,  Oct 28, 2009  8:25 AM ET by Thomas Weisel

Thomas Weisel rated Overweight Range Resources Corporation (NYSE: RRC) on 10/28/2009, when the stock price was $53.12. Since
then, Range Resources Corporation has lost 28.45% as of 01/28/2016's recent price of $38.01.
If you would have followed this Thomas Weisel's recommendation on RRC, you would have lost 28.44% of your investment in 2283 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.

At Thomas Weisel Partners, the role of Research is to contribute to our clients' decision process in ways that lead to better investment decisions. We cover the key growth sectors of the economy including Consumer, Energy, Financial Services, Healthcare, Internet, Media & Telecom, Metals & Mining and Technology.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/28/2009 8:25 AM Buy
None
53.12
as of 12/31/2009
1 Week down  -13.92 %
1 Month down  -3.20 %
3 Months down  -14.11 %
1 YTD down  -14.11 %

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