Range Reaches New 52-Week High (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) hit a new 52-week high Wednesday as it is currently trading at $74.28, above its previous 52-week high of $73.94 with 978,248 shares traded as of 11:31 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Range has a market cap of $11.46 billion and is part of the basic materials sector and energy industry. Shares are up 12.2% year to date as of the close of trading on Tuesday.

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.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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, solid stock price performance and expanding profit margins. 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 52-week high stocks or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
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