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NEW YORK (

TheStreet

) --

Range Resources Corporation

(NYSE:

RRC

) hit a new 52-week high Thursday as it traded at $53.90 compared with its previous 52-Week high of $53.64. Range is changing hands at $53.59 with 184,237 shares traded as of 9:37 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Range has a market cap of $7.8 billion and is part of the

basic materials

sector and

energy

TheStreet Recommends

industry. Shares are up 16.2% year to date as of the close of trading on Wednesday.

Range Resources Corporation, an independent natural gas company, engages in the exploration, development, and acquisition of natural gas properties in the southwestern and Appalachian regions of the United States. The company has a P/E ratio of 128.1, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 22.7.

TheStreet Ratings rates Range as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and weak operating cash flow. You can view the full

Range Ratings Report

.

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