Range Resources Corporation (RRC): Today's Featured Basic Materials Loser
(
) pushed the Basic Materials sector lower today making it today's featured Basic Materials loser. The sector as a whole closed the day down 0.3%. By the end of trading, Range Resources Corporation fell $2.18 (-3.4%) to $62.17 on average volume. Throughout the day, 2.7 million shares of Range Resources Corporation exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $61.32-$64.75 after having opened the day at $64.75 as compared to the previous trading day's close of $64.35. Other company's within the Basic Materials sector that declined today were:
(
), down 11.3%,
(
), down 10.6%,
(
), down 9%, and
(
), down 6.6%.
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the acquisition, exploration, and development of natural gas and oil properties primarily in the Appalachian and southwestern regions of the United States. Range Resources Corporation has a market cap of $10.35 billion and is part of the
industry. The company has a P/E ratio of 304, above the average energy industry P/E ratio of 255.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 3.9% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Range Resources Corporation a buy, no analysts rate it a sell, and 14 rate it a hold.
TheStreet Ratings rates Range Resources Corporation as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and feeble growth in the company's earnings per share.
- You can view the full Range Ratings Report.
On the positive front,
(
), up 16.7%,
Houston American Energy Corporation
(
), up 13.7%,
(
), up 10.3%, and
(
), up 9.5%, were all gainers within the basic materials sector with
(
) being today's featured basic materials sector winner.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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