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

Rating:
Buy RRC
up 4.53 %

Range Resources Corporation (RRC) rated Buy with price target $50 by MKM Partners

Posted on: Wednesday,  Sep 29, 2010  9:25 AM ET by MKM Partners

MKM Partners rated Buy Range Resources Corporation (NYSE: RRC) on 09/29/2010, when the stock price was $36.36. Since
then, Range Resources Corporation has gained 4.54% as of 01/28/2016's recent price of $38.01.
If you would have followed this MKM Partners's recommendation on RRC, you would have gained 4.53% of your investment in 1947 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.

MKM Partners LLC is an institutional equity trading and research firm. MKM Partners has extensive experience in the agency execution of U.S. and international equity orders. We provide clients with timely and unbiased economic, technical, and fundamental research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/29/2010 9:25 AM Buy
None
36.36 50.00
as of 12/31/2010
1 Week up  2.37 %
1 Month up  8.64 %
3 Months up  19.64 %
1 YTD up  25.46 %

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