Range Resources Corporation (RRC): Today's Featured Energy Loser

Range Resources Corporation ( RRC) pushed the Energy industry lower today making it today's featured Energy loser. The industry as a whole closed the day up 0.9%. By the end of trading, Range Resources Corporation fell 99 cents (-1.7%) to $58.76 on average volume. Throughout the day, 2.7 million shares of Range Resources Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock ranged in price between $58.05-$60.08 after having opened the day at $59.74 as compared to the previous trading day's close of $59.75. Other company's within the Energy industry that declined today were: Houston American Energy Corporation ( HUSA), down 8%, New Concept Energy ( GBR), down 7.3%, Recovery Energy ( RECV), down 6.8%, and GeoPetro Resources Company ( GPR), down 6.8%.

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 $9.99 billion and is part of the basic materials sector. The company has a P/E ratio of 289.5, above the average energy industry P/E ratio of 246.4 and above the S&P 500 P/E ratio of 17.7. Shares are down 0.6% year to date as of the close of trading on Tuesday. Currently there are 14 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 hold. 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.

On the positive front, GeoGlobal Resources ( GGR), up 22.2%, Cubic Energy ( QBC), up 14%, Enerplus ( ERF), up 6.9%, and KiOR ( KIOR), up 6.6%, were all gainers within the energy industry with BP ( BP) being today's featured energy industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).
null

If you liked this article you might like

Trader's Daily Notebook: Apple's Chart Looks Really Good

Blackberry, Exact Sciences, Splunk, Freeport-McMoRan: 'Mad Money' Lightning Round

Get Your Head Into the Cloud: Cramer's 'Mad Money' Recap (Monday 5/22/17)

Jim Cramer on Trading Natural Gas Stocks Cabot, Chesapeake