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

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 ( RRC) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole was unchanged today. By the end of trading, Range Resources Corporation fell $1.05 (-1.5%) to $70.68 on average volume. Throughout the day, 1.7 million shares of Range Resources Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in price between $69.50-$72.16 after having opened the day at $71.50 as compared to the previous trading day's close of $71.73. Other companies within the Energy industry that declined today were: Houston American Energy Corporation ( HUSA), down 8%, GMX Resources ( GMXR), down 7.6%, ZaZa Energy ( ZAZA), down 7%, and SandRidge Mississippian Trust I ( SDT), down 6.2%.
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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 $11.91 billion and is part of the basic materials sector. The company has a P/E ratio of 271.4, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 15.8% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Range Resources Corporation a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Range Resources Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, expanding profit margins, increase in stock price during the past year and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, GeoGlobal Resources ( GGR), up 15.7%, Longwei Petroleum Investment Holding Limite ( LPH), up 11.4%, Geokinetics ( GOK), up 8.3%, and Cal Dive International ( DVR), up 6%, were all gainers within the energy industry with Petroleo Brasileiro SA Petrobras ( PBR) being today's featured energy industry leader.

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).

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