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

Rating:
Buy RRC
up 18.45 %

Range Resources Corporation (RRC) rated Buy with price target $45 by Ticonderoga

Posted on: Friday,  Oct 15, 2010  8:25 AM ET by Ticonderoga

Ticonderoga rated Buy Range Resources Corporation (NYSE: RRC) on 10/15/2010, when the stock price was $37.56. Since then, Range Resources
Corporation has gained 18.45% of its value until Ticonderoga rated RRC Neutral on 01/06/2011, when the price was $44.49.
If you would have followed this Ticonderoga's recommendation on RRC, you would have gained 18.45% of your investment in 83 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.

Ticonderoga is a growing financial services firm, delivering high quality services to a broad spectrum of institutional clients. Ticonderoga operates from its headquarters in New York, along with additional offices in Richmond and San Francisco.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/6/2011 8:25 AM Hold
None
44.49
as of 12/31/2010
1 Week up  2.37 %
1 Month up  8.64 %
3 Months up  21.45 %
1 YTD up  21.45 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/15/2010 8:25 AM Buy
None
37.56 45.00

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