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

Rating:
Hold RRC
up 47.05 %

Range Resources Corporation (RRC) downgraded to Hold by KeyBanc Capital Mkts

Posted on: Wednesday,  Jul 27, 2011  8:25 AM ET by KeyBanc Capital Mkts

KeyBanc Capital Mkts rated Hold Range Resources Corporation (NYSE: RRC) on 07/27/2011. Previously KeyBanc Capital Mkts rated Buy Range Resources Corporation (NYSE: RRC)
on 09/17/2008., when the stock price was $43.48. Since then, Range Resources Corporation has gained 47.06% as of 07/27/2011's recent price of $63.94.
If you would have followed the previous KeyBanc Capital Mkts's recommendation on RRC, you would have gained 47.05% of your investment in 1043 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.

KeyBanc Capital Mkts is one of the nation's largest bank-based financial services companies, with assets of approximately $89 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/27/2011 8:25 AM Hold
None
63.94
as of 12/30/2011
1 Week   
1 Month   
3 Months   
1 YTD up  42.15 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/17/2008 8:25 AM Buy
None
43.48 65.00
8/20/2008 8:25 AM Buy
None
45.00 72.00
1/15/2008 8:25 AM Buy
None
55.32 62.00
10/10/2007 9:25 AM Buy
None
43.81 53.00

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