RRC, COG, KMI, EOG And NOV, Pushing Energy Industry Downward

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 6 points (0.0%) at 14,695 as of Friday, April 26, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 953 issues advancing vs. 1,941 declining with 134 unchanged.

The Energy industry currently sits down 1.36 versus the S&P 500, which is down 0.43. On the negative front, top decliners within the industry include Noble Energy ( NBL), down 2.25, Valero Energy Corporation ( VLO), down 1.75, Ecopetrol S.A ( EC), down 1.69, Anadarko Petroleum ( APC), down 1.36 and Enterprise Products Partners ( EPD), down 1.18. A company within the industry that increased today was Petroleo Brasileiro SA Petrobras ( PBR), up 0.39.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Range Resources Corporation ( RRC) is one of the companies pushing the Energy industry lower today. As of noon trading, Range Resources Corporation is down $3.92 (-5.1%) to $73.54 on heavy volume Thus far, 1.3 million shares of Range Resources Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $73.15-$76.72 after having opened the day at $76.58 as compared to the previous trading day's close of $77.46.

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. It engages in the acquisition, exploration, and development of natural gas and oil properties. Range Resources Corporation has a market cap of $12.3 billion and is part of the basic materials sector. The company has a P/E ratio of 939.9, above the S&P 500 P/E ratio of 17.7. Shares are up 23.3% year to date as of the close of trading on Thursday.

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, increase in net income and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and premium valuation. Get the full Range Resources Corporation Ratings Report now.

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