Range Resources Cut to Sell by Canacord Genuity

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Equity research firm Canacord Genuity has downgraded shares of Range Resources (NYSE:RRC) to Sell.  The research firm cites concerns about the company’s infrastructure and pressures on the company’s pricing.

Oil ETFs: The Top 10 Exchange Traded Funds for Your Oil Investing List>>

Following is some information about its stock price performance, along with some of its competitors.

  • Range Resources (NYSE:RRC):  The shares recently traded at $73.16, down $1.24, or 1.64%, on the day.  The shares have traded in a 52-week range of $35.11 to $77.24 and its market capitalization is $11.78 billion.  About the company: Range Resources Corporation is an independent oil and gas company that explores, develops, and acquires oil and gas properties.  The Company conducts operations primarily in the Southwestern, Appalachian and Gulf Coast regions of the United States.
  • Vanguard Natural Resources (NYSE:VNR): The shares recently traded at $27.38, up $0.18, or 0.66%, on the day.  The shares have traded in a 52-week range of $21.86 to $33.67 and its market capitalization is $828.67 million.  About the company: Vanguard Natural Resources LLC is an independent natural gas and oil company.  The Company develops and exploits mature, long-lived natural gas and oil properties.
  • EV Energy Partners LP (NASDAQ:EVEP): The shares recently traded at $74.82, up $1.13, or 1.54%, on the day.  The shares have traded in a 52-week range of $35.58 to $77.77 and its market capitalization is $2.56 billion.  About the company: EV Energy Partner LP explores for oil and natural gas.
  • Cabot Oil & Gas Corp. (NYSE:COG): The shares recently traded at $70.19, up $0.63, or 0.91%, on the day.  The shares have traded in a 52-week range of $27.81 to $78.94 and its market capitalization is $7.33 billion.  About the company: Cabot Oil & Gas Corporation is an independent oil and gas company that develops, exploits, and explore oil and gas properties located in North America.  The Company holds interests in the Appalachian Basin, onshore Gulf Coast, including south and east Texas and north Louisiana, the Rocky Mountains and the Anadarko Basin as well as in the deep gas basin of Western Canada.
  • New Concept Energy, Inc. (AMEX:GBR):  The shares recently traded at $2.33, p $0.01, or 0.43%, on the day.  The shares have traded in a 52-week range of $1.73 to $9.97 and its market capitalization is $4.54 million. About the company: New Concept Energy, Inc. explores and produces non-conventional energy sources.  The Company acquires and develops mineral property leases seeking shaled natural gas.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More Articles About:
Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business