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4-Traders Homepage  >  Equities  >  Nyse  >  Range Resources Corp.    RRC

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Range Resources : Well pad generating mud and limestone

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01/20/2017 | 01:10pm CET

A Marcellus Shale natural gas driller will increase its efforts to remove mud and limestone that is being tracked by trucks coming from a well pad onto Route 136 in Somerset Township.The state Department of Transportation received that response from Southpointe-based Range Resources after the township called state police about the problem last week."They are going to ramp up their cleaning efforts," PennDOT spokeswoman Valerie Petersen said Thursday.The township also notified PennDOT and Range last week after it received a complaint about the condition of Route 136 near the company's Rowland pad, which is just east of Brownlee Road.The limestone has coated Route 136 west from Brownlee to Route 519, along with weeds and guardrails along the right berm."We will continue to monitor it and work with the driller," Petersen said.Range spokesman Matt Pitzarella said the work at the site is expected to be completed Saturday and that the rainy weather has contributed to the problem."We've spoken with some residents who had also contacted us and we've had street sweepers working in that area," Pitzarella said.

© Copyright, 2017, Observer Publishing Company of Washington, Pa., source Newspapers

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Financials ($)
Sales 2016 1 518 M
EBIT 2016 -4,71 M
Net income 2016 -325 M
Debt 2016 3 905 M
Yield 2016 0,30%
P/E ratio 2016 -
P/E ratio 2017 93,40
EV / Sales 2016 8,20x
EV / Sales 2017 5,28x
Capitalization 8 536 M
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Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 47,5 $
Spread / Average Target 37%
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Managers
NameTitle
Jeffrey L. Ventura Chairman, President & Chief Executive Officer
Ray N. Walker Chief Operating Officer & Executive Vice President
Roger S. Manny Chief Financial Officer & Executive Vice President
Allen Finkelson Independent Director
Kevin S. McCarthy Independent Director
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