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

Rating:
Outperform
RRC
down 7.69 %

Range Resources Corporation (RRC) rated Outperform with price target $52 by Boenning & Scattergood

Posted on: Tuesday,  May 25, 2010  10:25 AM ET by Boenning & Scattergood

Boenning & Scattergood rated Outperform Range Resources Corporation (NYSE: RRC) on 05/25/2010. Previously Boenning & Scattergood rated Outperform Range Resources Corporation (NYSE: RRC)
on 06/24/2009., when the stock price was $41.18. Since then, Range Resources Corporation has lost 7.70% as of 01/28/2016's recent price of $38.01.
If you would have followed the previous Boenning & Scattergood's recommendation on RRC, you would have lost 7.69% of your investment in 2409 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.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/25/2010 10:25 AM Buy
None
41.73 52.00
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
6/24/2009 10:25 AM Buy
None
41.18

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