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 1.2%. By the end of trading, Range Resources Corporation fell $2.14 (-2.5%) to $83.99 on heavy volume. Throughout the day, 3,587,789 shares of Range Resources Corporation exchanged hands as compared to its average daily volume of 1,576,900 shares. The stock ranged in price between $83.01-$87.29 after having opened the day at $86.41 as compared to the previous trading day's close of $86.13. Other companies within the Basic Materials sector that declined today were: Timberline Resources Corporation ( TLR), down 15.0%, Vista Gold Corporation ( VGZ), down 8.2%, China Gengsheng Minerals ( CHGS), down 7.3% and Chesapeake Energy ( CHK), down 6.9%.

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 $14.3 billion and is part of the energy industry. Shares are up 2.2% year to date as of the close of trading on Wednesday. Currently there are 12 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 positive front, Patterson-UTI Energy ( PTEN), up 13.4%, James River Coal Company ( JRCC), up 10.2%, USEC ( USU), up 8.3% and Cliffs Natural Resources ( CLF), up 8.2% , were all gainers within the basic materials sector with Occidental Petroleum Corporation ( OXY) 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).

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