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

Rating:
Market Perform
RRC
down 22.74 %

Range Resources Corporation (RRC) upgraded to Market Perform with price target $47 by Howard Weil

Posted on: Thursday,  Mar 24, 2011  10:25 AM ET by Howard Weil

Howard Weil rated Market Perform Range Resources Corporation (NYSE: RRC) on 03/24/2011. Previously Howard Weil rated Market Underperform Range Resources Corporation (NYSE: RRC)
on 11/18/2008., when the stock price was $41.43. Since then, Range Resources Corporation has gained 29.45% as of 03/24/2011's recent price of $53.63.
If you would have followed the previous Howard Weil's recommendation on RRC, you would have lost 22.74% of your investment in 856 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.

Howard Weil’s team of research professionals currently cover approximately 100 public energy companies, including major integrated oil companies, independent refiners, exploration and production companies, oilfield services companies, gas and power, coal producers and other energy companies. Our research analysts engage in ongoing dialogue with company management and constant internal analysis in order to give Howard Weil’s clients an in-depth understanding of the companies we cover, as well as current insights on the global energy marketplace.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/16/2014 8:25 AM Buy
None
55.36
as of 12/30/2011
1 Week   
1 Month   
3 Months   
1 YTD down  -19.23 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/26/2013 9:25 AM Hold
None
80.46 85.00
2/27/2012 9:25 AM Hold
None
64.72 73.00
2/27/2012 9:25 AM Hold
None
64.72 73.00
3/24/2011 10:25 AM Hold
None
53.63 47.00
11/18/2008 11:25 AM Sell
None
41.43
8/26/2008 9:25 AM Buy
None
45.44 71.00

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