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

Rating:
Buy RRC
down 29.50 %

Range Resources Corporation (RRC) rated Buy with price target $80 by Ladenburg Thalmann

Posted on: Tuesday,  Oct 4, 2011  1:25 PM ET by Ladenburg Thalmann

Ladenburg Thalmann rated Buy Range Resources Corporation (NYSE: RRC) on 10/04/2011, when the stock price was $53.92. Since
then, Range Resources Corporation has lost 29.51% as of 01/28/2016's recent price of $38.01.
If you would have followed this Ladenburg Thalmann's recommendation on RRC, you would have lost 29.5% of your investment in 1577 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 Research Department takes a fresh, critical approach to analyzing primary sources and developing proprietary research. Many individuals, institutions, portfolio managers and hedge fund managers, on all levels, have been neglected by brokerage firms ignoring the demands for unbiased research. Ladenburg Thalmann provides a superior branded in-depth research product geared only to action-oriented investment ideas. Ladenburg Thalmann’s proprietary equity research tries to uncover crucial information before the rest of the Street. Our analysts concentrate on uncovered and under-covered stocks and have a small to mid-cap focus. We will not shy away from large cap names as long as we can bring value to our clients through timely, differentiated ideas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/4/2011 1:25 PM Buy
None
53.92 80.00
as of 12/30/2011
1 Week down  -1.08 %
1 Month down  -13.62 %
3 Months up  14.87 %
1 YTD up  14.87 %

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