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Is Range Resources (RRC) Stock Outpacing Its Oils-Energy Peers This Year?

Zacks Equity Research
Updated
Mutual Fund Report for TRMCX

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Range Resources (RRC) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.

Range Resources is a member of the Oils-Energy sector. This group includes 328 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. RRC is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for RRC's full-year earnings has moved 14.23% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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Based on the most recent data, RRC has returned 2.23% so far this year. In comparison, Oils-Energy companies have returned an average of -4.82%. This means that Range Resources is performing better than its sector in terms of year-to-date returns.

Looking more specifically, RRC belongs to the Oil and Gas - Exploration and Production - United States industry, which includes 78 individual stocks and currently sits at #75 in the Zacks Industry Rank. On average, stocks in this group have lost 18.40% this year, meaning that RRC is performing better in terms of year-to-date returns.

Investors in the Oils-Energy sector will want to keep a close eye on RRC as it attempts to continue its solid performance.


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