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Range Resources Corporation (RRC) Hits New Lifetime High

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Range Resources Corporation ( RRC) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Range Resources Corporation as such a stock due to the following factors:

  • RRC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $147.1 million.
  • RRC has traded 6,786 shares today.
  • RRC is trading at a new lifetime high.

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More details on RRC:

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. It engages in the acquisition, exploration, and development of natural gas and oil properties. The stock currently has a dividend yield of 0.2%. RRC has a PE ratio of 99.6. Currently there are 12 analysts that rate Range Resources Corporation a buy, 1 analyst rates it a sell, and 12 rate it a hold.

The average volume for Range Resources Corporation has been 1.6 million shares per day over the past 30 days. Range has a market cap of $14.0 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.89 and a short float of 7.3% with 5.99 days to cover. Shares are up 3.8% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Range Resources Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and premium valuation.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 3.3%. Since the same quarter one year prior, revenues rose by 45.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 135.6% when compared to the same quarter one year prior, rising from -$53.84 million to $19.18 million.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. We feel that the combination of its price rise over the last year and its current price-to-earnings ratio relative to its industry tend to reduce its upside potential.
  • The debt-to-equity ratio of 1.28 is relatively high when compared with the industry average, suggesting a need for better debt level management. Along with this, the company manages to maintain a quick ratio of 0.33, which clearly demonstrates the inability to cover short-term cash needs.

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