Trade-Ideas: Range Resources (RRC) Is Today's Pre-Market Leader Stock

Trade-Ideas LLC identified Range Resources (RRC) as a pre-market leader candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Range Resources

(

RRC

) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Range Resources 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 $204.1 million.
  • RRC traded 10,471 shares today in the pre-market hours as of 8:29 AM.
  • RRC is up 10.5% today from yesterday's close.

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More details on RRC:

Range Resources Corporation, an independent natural gas, natural gas liquids (NGLs), and oil company, engages in the acquisition, exploration, and development of natural gas and oil properties in the United States. The stock currently has a dividend yield of 0.5%. Currently there are 14 analysts that rate Range Resources a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for Range Resources has been 4.4 million shares per day over the past 30 days. Range has a market cap of $5.2 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.92 and a short float of 16.4% with 3.71 days to cover. Shares are down 41.3% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Range Resources as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

Highlights from the ratings report include:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 305.5% when compared to the same quarter one year ago, falling from $146.42 million to -$300.95 million.
  • The debt-to-equity ratio of 1.16 is relatively high when compared with the industry average, suggesting a need for better debt level management.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, RANGE RESOURCES CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has decreased to $145.42 million or 31.86% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 55.70%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 310.46% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.

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