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

Rating:
Buy RRC
down 25.76 %

Range Resources Corporation (RRC) rated Buy by Canaccord Adams

Posted on: Wednesday,  Mar 17, 2010  8:25 AM ET by Canaccord Adams

Canaccord Adams rated Buy Range Resources Corporation (NYSE: RRC) on 03/17/2010, when the stock price was $51.20. Since
then, Range Resources Corporation has lost 25.76% as of 01/28/2016's recent price of $38.01.
If you would have followed this Canaccord Adams's recommendation on RRC, you would have lost 25.76% of your investment in 2143 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.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/17/2010 8:25 AM Buy
None
51.20
as of 12/31/2010
1 Week up  2.37 %
1 Month up  8.64 %
3 Months up  19.64 %
1 YTD down  -10.89 %

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