Range Stock Falls On Unusually High Volume (RRC)

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.

NEW YORK ( TheStreet) -- Range Resources Corporation (NYSE: RRC) is trading at unusually high volume Friday with three million shares changing hands. It is currently at two times its average daily volume and trading down $1.48 (-2.3%) at $64.20 as of 3:56 p.m. ET.

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Range has a market cap of $10.97 billion and is part of the basic materials sector and energy industry. Shares are up 8.9% year to date as of the close of trading on Thursday.

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.

TheStreet Ratings rates Range as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and disappointing return on equity. You can view the full Range Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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