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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Range Resources Corporation ( RRC) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Range Resources Corporation fell $1.72 (-2.2%) to $75.76 on heavy volume. Throughout the day, 2,204,903 shares of Range Resources Corporation exchanged hands as compared to its average daily volume of 1,351,600 shares. The stock ranged in price between $75.68-$77.96 after having opened the day at $77.30 as compared to the previous trading day's close of $77.48. Other companies within the Basic Materials sector that declined today were: L & L Energy ( LLEN), down 20.0%, Rare Element Resources ( REE), down 16.0%, Vista Gold Corporation ( VGZ), down 13.0% and Tasman Metals ( TAS), down 11.5%.

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 $12.8 billion and is part of the energy industry. Shares are up 24.4% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Range Resources Corporation a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Range Resources Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, increase in stock price during the past year and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Sonde Resources ( SOQ), up 14.5%, Andatee China Marine Fuel Services Corporat ( AMCF), up 13.0%, Cardero Resources Corporation ( CDY), up 10.7% and Lake Shore Gold ( LSG), up 8.0% , were all gainers within the basic materials sector with Cheniere Energy ( LNG) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

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