Trade-Ideas LLC identified

Range Resources

(

RRC

) as a post-market laggard 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 $124.3 million.
  • RRC is down 6.3% today from today'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 0.7%. Currently there are 11 analysts that rate Range Resources a buy, no analysts rate it a sell, and 9 rate it a hold.

The average volume for Range Resources has been 6.9 million shares per day over the past 30 days. Range has a market cap of $3.8 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.47 and a short float of 20.8% with 5.00 days to cover. Shares are down 5.1% year-to-date as of the close of trading on Wednesday.

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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. Along with this, the company manages to maintain a quick ratio of 0.24, which clearly demonstrates the inability to cover short-term cash needs.
  • 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 on the basis of return on equity, RANGE RESOURCES CORP underperformed against that of the industry average and is significantly less than that of 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. Despite a decrease in cash flow of 31.86%, RANGE RESOURCES CORP is in line with the industry average cash flow growth rate of -39.19%.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 49.82%, 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. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.

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