Range Resources Corporation (RRC): Today's Featured Basic Materials Winner - TheStreet

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Range Resources Corporation



) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 2.4%. By the end of trading, Range Resources Corporation rose $1.37 (1.8%) to $78.67 on average volume. Throughout the day, 2,053,427 shares of Range Resources Corporation exchanged hands as compared to its average daily volume of 1,563,200 shares. The stock ranged in a price between $74.53-$79.14 after having opened the day at $75.74 as compared to the previous trading day's close of $77.30. Other companies within the Basic Materials sector that increased today were:

Lake Shore Gold



), up 37.1%,

Brigus Gold



), up 17.2%,

Golden Star Resources



), up 15.3% and




), up 11.0%.

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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. Range Resources Corporation has a market cap of $12.6 billion and is part of the energy industry. The company has a P/E ratio of 1107.4, above the S&P 500 P/E ratio of 17.7. Shares are up 23.0% year to date as of the close of trading on Friday. Currently there are 11 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, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

On the negative front,

Golden Minerals



), down 18.2%,




), down 17.8%,

Prospect Global Resources



), down 17.2% and

Walter Energy



), down 16.1% , were all laggards within the basic materials sector with




) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider

Materials Select Sector SPDR



) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd




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