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

Range Resources Corporation ( RRC) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Range Resources Corporation fell $1.36 (-1.7%) to $77.73 on heavy volume. Throughout the day, 2,473,047 shares of Range Resources Corporation exchanged hands as compared to its average daily volume of 1,631,600 shares. The stock ranged in price between $77.49-$80.31 after having opened the day at $80.10 as compared to the previous trading day's close of $79.09. Other companies within the Energy industry that declined today were: GeoPetro Resources Company ( GPR), down 6.1%, Endeavour International ( END), down 5.5%, Penn Virginia Corporation ( PVA), down 5.4% and Vantage Drilling ( VTG), down 5.1%.

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 $13.0 billion and is part of the basic materials sector. Shares are up 25.9% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Range Resources Corporation a buy, no analysts rate it a sell, and 14 rate it a hold.

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, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

On the positive front, BPZ Resources ( BPZ), up 13.8%, Sonde Resources ( SOQ), up 10.8%, Houston American Energy Corporation ( HUSA), up 7.7% and Whiting USA Trust I ( WHX), up 7.0% , 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Dow Logs Eighth Straight Drop as Stocks Slump

Dow Logs Eighth Straight Drop as Stocks Slump

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?