NEW YORK (

TheStreet

) --

Range Resources Corporation

(NYSE:

RRC

) hit a new 52-week high Friday as it traded at $55.50 compared with its previous 52-Week high of $55.49. Range is changing hands at $55.36 with 286,786 shares traded as of 10:37 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Range has a market cap of $8.6 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 19.3% year to date as of the close of trading on Thursday.

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.

  • Practice your RRC trading strategies and win cash in our stock game.

TheStreet Ratings rates Range as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full

Range Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null