4. Range Resources (RRC - Get Report) is an oil and gas exploration and production company, with a market value of $6.9 billion. Natural-gas-focused Range has suffered a 16% stock price drop in 2010 amid a "high cost/low gas price environment." Morningstar expects the earnings outlook to rebound in 2011. Service-provider Halliburton just debuted discount offerings to dry-gas-focused producers, like Range, confirming Morningstar's view of the current difficult operating environment as temporary. Range's position in the Marcellus shale region renders it attractive.
5 Turnaround Stocks That Could Double
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