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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 Friday as it is currently trading at $82.78, above its previous 52-week high of $82.16 with 685,325 shares traded as of 10:51 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Range has a market cap of $12.99 billion and is part of the basic materials sector and energy industry. Shares are up 30.6% 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. The company has a P/E ratio of 996.9, above the S&P 500 P/E ratio of 17.7.