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

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 Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 0.3%. By the end of trading, Range Resources Corporation rose $3.02 (3.8%) to $82.08 on average volume. Throughout the day, 2,417,489 shares of Range Resources Corporation exchanged hands as compared to its average daily volume of 1,637,900 shares. The stock ranged in a price between $79.04-$82.12 after having opened the day at $79.55 as compared to the previous trading day's close of $79.06. Other companies within the Energy industry that increased today were: Global Geophysical Services ( GGS), up 12.8%, Double Eagle Petroleum Company ( DBLE), up 12.1%, InterOil Corporation ( IOC), up 10.1% and Alon USA Energy ( ALJ), up 7.4%.

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. The company has a P/E ratio of 92.3, above the S&P 500 P/E ratio of 17.7. Shares are up 26.4% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Range Resources Corporation a buy, 1 analyst rates it a sell, and 10 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, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and premium valuation.

On the negative front, Genie Energy Ltd Class B ( GNE), down 22.9%, New Concept Energy ( GBR), down 16.1%, Newfield Exploration Company ( NFX), down 8.0% and Lilis Energy ( LLEX), down 5.7% , were all laggards within the energy industry with Halliburton Company ( HAL) being today's energy industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Oil Rally Seen as Temporary as Prices Set to Fluctuate This Year

Oil Rally Seen as Temporary as Prices Set to Fluctuate This Year

UPS Shares Drop Amid Lackluster Results; Oil Stocks Continue to Slide -- ICYMI

UPS Shares Drop Amid Lackluster Results; Oil Stocks Continue to Slide -- ICYMI

Why I Absolutely Love One of the Most Despised Sectors Around

Why I Absolutely Love One of the Most Despised Sectors Around

Intermediate Trade: Range Resources

Intermediate Trade: Range Resources

Jim Cramer: Looking for Treasure in the Cellar

Jim Cramer: Looking for Treasure in the Cellar