Range Resources Soaring On Petrohawk Deal

Shares of Range Resources

are among the leaders in the S&P 500. The stock is currently trading up $60.78 to $60.73. Volume has been very heavy with more than 4.43 million RRC shares trading hands compared to a 3-month daily average of 1.9 million. The catalyst for this move was BHP Billiton's

takeover of Petrohawk Energy

. Range Resources Corporation is an independent natural gas and oil company. The Company is engaged in the exploration, development and acquisition of primarily natural gas and oil properties, mostly in the Appalachian and Southwestern regions of the United States.