GainersToday.com
GainersToday.com, Tracking Stock Market Picks
Enter Symbol:
 
Range Resources Corporation (RRC) [hlAlert]

Rating:
Mkt Outperform
RRC
up 33.59 %

Range Resources Corporation (RRC) rated Mkt Outperform with price target $63 by Rodman & Renshaw

Posted on: Wednesday,  Jul 28, 2010  8:25 AM ET by Rodman & Renshaw

Rodman & Renshaw rated Mkt Outperform Range Resources Corporation (NYSE: RRC) on 07/28/2010, when the stock price was $37.15. Since then, Range Resources
Corporation has gained 33.59% of its value until Rodman & Renshaw rated RRC Mkt Perform on 02/08/2011, when the price was $49.63.
If you would have followed this Rodman & Renshaw's recommendation on RRC, you would have gained 33.59% of your investment in 195 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.

Rodman & Renshaw is a full-service investment bank dedicated to providing investment banking services to companies that have significant recurring capital needs due to their growth and development strategies. We also provide research and sales and trading services to institutional investor clients that focus on such companies. Since 2003, Rodman has been a leading investment banking firm to the biotechnology sector, a capital intensive market segment, as well as a leader in the PIPE (private investment in public equity) and RD (registered direct placements) transaction markets.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/8/2011 8:25 AM Hold
None
49.63 61.00
as of 12/31/2010
1 Week up  2.37 %
1 Month up  8.64 %
3 Months up  19.64 %
1 YTD up  22.79 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/28/2010 8:25 AM Buy
None
37.15 63.00

(*) Stock Price at the time of the recommendation.
RSS Feed | |  Facebook |  Twitter |  Google Plus
Home | Terms of Use | Advertise | FAQ | Support Page | Contact Us | About Us | Privacy Policy