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

Rating:
Outperform
RRC
up 2.28 %

Range Resources Corporation (RRC) rated Outperform with price target $58 by Credit Suisse

Posted on: Wednesday,  Mar 3, 2010  10:25 AM ET by Credit Suisse

Credit Suisse rated Outperform Range Resources Corporation (NYSE: RRC) on 03/03/2010. Previously Credit Suisse rated Outperform Range Resources Corporation (NYSE: RRC) on
03/04/2009., when the stock price was $37.16. Since then, Range Resources Corporation has gained 2.29% as of 01/28/2016's recent price of $38.01.
If you would have followed the previous Credit Suisse's recommendation on RRC, you would have gained 2.28% of your investment in 2521 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.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/3/2010 10:25 AM Buy
None
50.69 58.00
as of 12/31/2010
1 Week up  2.37 %
1 Month up  8.64 %
3 Months up  19.64 %
1 YTD down  -8.48 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/4/2009 10:25 AM Buy
None
42.80 46.00
3/4/2009 8:25 AM Buy
None
37.16 48.00

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