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

Rating:
Buy RRC
down 37.94 %

Range Resources Corporation (RRC) rated Buy with price target $72 by Brean Murray

Posted on: Friday,  Aug 12, 2011  8:25 AM ET by Brean Murray

Brean Murray rated Buy Range Resources Corporation (NYSE: RRC) on 08/12/2011, when the stock price was $61.25. Since
then, Range Resources Corporation has lost 37.94% as of 01/28/2016's recent price of $38.01.
If you would have followed this Brean Murray's recommendation on RRC, you would have lost 37.94% of your investment in 1630 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.

Our equity research department is focused on fundamental analysis across the universe of over 200 small/mid cap stocks in our five target sectors. We are committed to providing proprietary action-oriented research to our institutional clients. Small cap growth focus. Our primary area of concentration is growth stocks with market capitalization of $200 million to $5 billion. Global perspective. We are covering U.S. listed stocks for companies domiciled in the U.S., China, Europe and Latin America, with our biggest concentration in the US and China. We were one of the first banks to aggressively expand our research to China and we believe we created one of the premier research franchises in small cap, U.S. listed Chinese companies to complement our strong domestic coverage. Disciplined stock selection. Our research analysts are focused on performing extensive bottoms up due diligence on companies under our coverage by leveraging their industry and management contacts. By combining our bottoms up work with our sector views we seek to generate a consistent flow of high conviction ideas for our clients. Diversified coverage. Our areas of expertise include technology, consumer, healthcare, resources and China small cap. We provide our clients with company-specific as well as sector-specific research across our target sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/25/2011 8:25 AM Buy
None
74.04 105.00
as of 12/30/2011
1 Week down  -1.08 %
1 Month down  -13.62 %
3 Months up  5.95 %
1 YTD down  -16.34 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/12/2011 8:25 AM Buy
None
61.25 72.00

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