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

RANGE RESOURCES (RRC)
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RANGE RESOURCES CORPORATION (NYSE:RRC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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11/10/2017 | 05:11pm CET

RANGE RESOURCES CORPORATION (NYSE:RRC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On November 9, 2017, Range Resources Corporation (the “Company” or “Range”) issued a press release announcing Roger S. Manny’s plans to retire as Chief Financial Officer (“CFO”) of the Company as of the 2018 annual stockholders meeting (scheduled for May 16, 2018).Under a management succession plan and transition process approved by the Board of Directors, Mark Scucchi, who currently serves as Vice President – Finance & Treasurer, is expected to be appointed CFO upon Mr. Manny’s retirement.

Mr. Scucchi joined Range in 2008 where he has served as Director and currently as Vice President – Finance & Treasurer.Prior to joining Range, he worked for JP Morgan Securities Inc. and Ernst and Young LLP.Mr. Scucchi earned a Bachelor of Science in Business Administration from Georgetown University and a Master of Science in Accountancy from the University of Notre Dame.

There are no arrangements or understandings between Mr. Scucchi and any other person to which he expects to be appointed as CFO.There is no family relationship between Mr. Scucchi and any director, executive officer or person nominated or chosen by our Company to become a director or executive officer of our Company.Range has not entered into any transaction with Mr. Scucchi that would require disclosure to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.

A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this item by reference.

ITEM 9.01 Financial Statements and Exhibits

(d) Exhibits:

99.1 Press Release dated November 9, 2017

RANGE RESOURCES CORP ExhibitEX-99.1 2 rrc-ex991_51.htm PRESS RELEASE – NOVEMBER 9,…To view the full exhibit click here
About RANGE RESOURCES CORPORATION (NYSE:RRC)
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States. The Company’s natural gas and oil operations are concentrated in the Appalachian region of the United States, primarily in the Marcellus Shale in Pennsylvania. Its reserves also include the Utica/Point Pleasant, Medina and Upper Devonian formations, which principally produce at depths ranging from 3,500 feet to 11,500 feet. Its other operations include drilling, production and field operations in the Texas Panhandle, as well as in the Anadarko Basin of western Oklahoma, the Nemaha Uplift of Northern Oklahoma and Kansas, the Permian Basin of West Texas and Mississippi.

The post RANGE RESOURCES CORPORATION (NYSE:RRC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers appeared first on Market Exclusive.

© Market Exclusive 2017, source Market Exclusive

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Financials ($)
Sales 2017 2 302 M
EBIT 2017 408 M
Net income 2017 149 M
Debt 2017 4 194 M
Yield 2017 0,60%
P/E ratio 2017 20,33
P/E ratio 2018 17,64
EV / Sales 2017 3,25x
EV / Sales 2018 2,83x
Capitalization 3 295 M
Chart RANGE RESOURCES
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Range Resources Technical Analysis Chart | RRC | US75281A1097 | 4-Traders
Technical analysis trends RANGE RESOURCES
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 23,9 $
Spread / Average Target 80%
EPS Revisions
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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