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RGC RESOURCES, INC.

(RGCO)
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RGC Resources, Inc. Names Chief Financial Officer

12/20/2019 | 01:01pm EDT

ROANOKE, Va., Dec. 20, 2019 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced Randall “Randy” Burton will join the company effective January 16, 2020 and will be appointed Vice-President, Chief Financial Officer, Treasurer and Secretary. As a member of the Company’s executive team, Mr. Burton will lead Resources’ Finance organization and will report to Paul Nester.

“Randy is an experienced financial executive whose leadership and technical skills will be an immediate benefit to our Company,” stated Mr. Nester. “We are thrilled to have someone of Randy’s caliber join our team as we continue to execute our growth strategies.”

In his previous role as a partner at Brown, Edwards and Company, L.L.P., Mr. Burton, a certified public accountant, served both public and private companies in all areas of assurance and advisory responsibilities. Prior to joining Brown Edwards, Mr. Burton was a partner at Cherry Bekaert LLP, a large regional CPA firm and a Senior Manager at KPMG. Prior to his extensive public accounting tenure, Mr. Burton held several key positions at Advance Auto Parts, Inc. after beginning his career at PricewaterhouseCoopers.

RGC Resources, Inc. provides energy and related products and services to approximately 62,000 customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, LLC.

From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements.

Contact:Paul W. Nester
 Vice President and CFO
Telephone:(540) 777-3837

© GlobeNewswire 2019
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Financials (USD)
Sales 2021 64,0 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 185 M 185 M -
Capi. / Sales 2021 2,89x
Capi. / Sales 2022 2,72x
Nbr of Employees 101
Free-Float 87,8%
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Technical analysis trends RGC RESOURCES, INC.
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Consensus
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Mean consensus BUY
Number of Analysts 1
Average target price 34,00 $
Last Close Price 22,53 $
Spread / Highest target 50,9%
Spread / Average Target 50,9%
Spread / Lowest Target 50,9%
Managers and Directors
NameTitle
Paul W. Nester President, Chief Executive Officer & Director
Lawrence T. Oliver Chief Financial Officer, Secretary, Treasurer & VP
John B. Williamson Chairman
Robert L. Wells Chief Information Officer & Vice President
Carl James Shockley Chief Operating Officer & Vice President
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