Loading...
ROCC logo

Ranger Oil CorporationNasdaqGS:ROCC Rapporto sulle azioni

Cap. di mercato US$1.6b
Prezzo delle azioni
n/a
Il mio valore equo
Non disponibile
1Y10.6%
7D-0.9%
Valore del portafoglio
​
Vista

Ranger Oil Corporation

Report azionario NasdaqGS:ROCC

Capitalizzazione di mercato: US$1.6b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Ranger Oil (ROCC) Panoramica del titolo

Ranger Oil Corporation, an independent oil and gas company, engages in the onshore development and production of crude oil, natural gas liquids, and natural gas in the United States. Maggiori dettagli

ROCC analisi fondamentale
Punteggio fiocco di neve
Valutazione5/6
Crescita futura1/6
Prestazioni passate5/6
Salute finanziaria3/6
Dividendi0/6

Premi

Negoziato a 65.5% al di sotto della nostra stima del suo valore equo

Si prevede che i ricavi cresceranno 8.83% all'anno

Gli utili sono cresciuti del 538.3% nell'ultimo anno

Gli analisti concordano sul fatto che il prezzo delle azioni salirà di 37.9%

Analisi del rischio

Elevato livello di guadagni non monetari

Ha un alto livello di debito

Importanti vendite da parte di insider negli ultimi 3 mesi


ROCC Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

Concorrenti di Ranger Oil Corporation

Storia dei prezzi e prestazioni

Riepilogo dei massimi, dei minimi e delle variazioni dei prezzi delle azioni per Ranger Oil
Prezzi storici delle azioni
Prezzo attuale dell'azioneUS$37.47
Massimo di 52 settimaneUS$45.79
Minimo di 52 settimaneUS$27.26
Beta2.65
Variazione di 1 mese-3.55%
Variazione a 3 mesi0.27%
Variazione di 1 anno10.56%
Variazione a 3 anni270.99%
Variazione a 5 anni-55.64%
Variazione dall'IPO-7.77%

Notizie e aggiornamenti recenti

Recent updates

Articolo di analisi • Mar 18

Ranger Oil Corporation (NASDAQ:ROCC) Screens Well But There Might Be A Catch

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 15x, you may...
Articolo di analisi • Feb 19

A Look At The Intrinsic Value Of Ranger Oil Corporation (NASDAQ:ROCC)

Does the February share price for Ranger Oil Corporation ( NASDAQ:ROCC ) reflect what it's really worth? Today, we will...
Seeking Alpha • Oct 20

Ranger Oil reports Q3 prelim total sales above its guidance range

Ranger Oil (NASDAQ:ROCC) +3.5% says preliminary Q3 total sales volumes ~42.6k Mboe/d, Oil sales volumes ~30.7k Mbbl/d. Total sales volumes were above high-end of guidance. Realized oil prices in Q3 were ~$93.03/barrel. Q3 Drilling and Completion capital expenditures were ~$151.9M. Utilized a third rig for a portion of the second and third quarters of 2022. Company may elect to continue with a 3-rig development program in 2023 based on the rig's performance, market conditions, and capital allocation plans for next year. ~$70M returned to shareholders over last five months through share repurchase and dividend program. As of Sept. 30, 2022, had $400M of senior unsecured notes and ~$195M drawn, net of cash, on its revolving credit facility. Source: Press Release
Seeking Alpha • Sep 28

Ranger Oil expands borrowing base under credit facility to $950M

Ranger Oil (NASDAQ:ROCC) has announced an increase in its borrowing base under its revolving credit facility to $950M. This is the third announced increase year-to-date, totaling ~60%. Ranger (ROCC) chose to increase its elected commitment amount by 25% to $500M, consistent with its commitment to maintain robust liquidity while executing its business plan to profitably grow, capture accretive acquisitions and return significant cash to shareholders. As of Sept 26, 2022, the company had $400M of senior unsecured notes and ~$192M drawn, net of cash, on its revolving credit facility, reflecting the closing of previously announced bolt-on acquisitions.
Seeking Alpha • Sep 10

Ranger Oil: Net Debt Expected To Be Near $500 Million At End Of 2022

Summary Ranger Oil has been spending on bolt-on acquisitions and share repurchases. Ranger is expecting strong 2H 2022 production growth, with average production in the second half around 7% higher than its 2022 average. Net debt may end up around $500 million at the end of 2022 depending on further share repurchases. Leverage still appears reasonable at a year-end projection of 0.5x annualized 2H 2022 EBITDAX. Ranger Oil (ROCC) increased its production guidance and capex budget after making more bolt-on acquisitions. It also instituted a small dividend and increased the size of its share repurchase program. These items have increased Ranger's projected year-end net debt to around $500 million (depending on its pace of share repurchases), which is noticeably more than what I had projected in May. Ranger's leverage still appears to be reasonable though, at around 0.5x annualized 2H 2022 EBITDAX. At $38 it appears to be fairly priced for a long-term (after 2022) $70 WTI oil scenario, and if oil averages $80 (current strip) in 2023 instead, that would add $2 to $3 to its estimated value. More Acquisitions Ranger continued to make acquisitions during Q2 2022, mentioning that it had signed agreements for transactions involving a combined purchase price of around $110 million during the quarter. These acquisitions were mainly composed of additional working interests in existing Ranger-operated wells along with contiguous acreage (both producing and undeveloped). The acquisitions were expected to add around 1,600 BOEPD (79% oil, 13% NGLs and 8% natural gas) in production. This boosted Ranger's Q2 2022 exit rate (pro-forma for the transactions) to over 42,000 BOEPD (including 30,000 barrels of oil production per day) Additional Spending Ranger is keeping its capex guidance for its original 2022 development plan at $425 million, which is at the high end of its original guidance. It is also adding $30 million for incremental D&C capex due to accelerated development activity as well as its acquisition of additional working interests and ability to do longer laterals (from the acquisition of contiguous acreage). The additional capital is expected to boost production volumes in late 2022 and into 2023. Ranger is using a third drilling rig during Q3 2022, but expects to revert back to two rigs in Q4 2022. It is also evaluating potentially using a third rig in 2023. 2H 2022 Outlook Based on the midpoint of its updated full-year guidance, Ranger expects to average approximately 44,200 BOEPD in total production during the second half of 2022, including approximately 31,700 barrels per day in oil production. This appears to be mid-single digits production growth from Ranger's pro-forma Q2 2022 exit rate production, with Q4 2022 production expected to be higher than Q3 2022 production. The current strip for the second half of 2022 is approximately $90 WTI oil, and at that price Ranger is projected to generate $614 million in oil and gas revenues (before hedges). Ranger's 2H 2022 hedges have an estimated value of negative $50 million. Barrels/Mcf $ Per Barrel/Mcf (Realized) $ Million Oil 5,837,500 $90.00 $525 NGLs 1,178,368 $31.00 $37 Natural Gas 6,738,792 $7.70 $52 Hedge Value -$50 Total Revenue $564 With around $250 million in capital expenditures in the second half of 2022, Ranger is projected to end up with $169 million in positive cash flow during this period. $ Million Lease Operating Expense $47 Gathering, Processing and Transportation $22 Production and Ad Valorem Taxes $38 Cash G&A $17 Cash Interest $21 Capital Expenditures $250 Total Expenses $395 Ranger's Debt Situation Ranger had $537 million in net debt at the end of Q2 2022. It also closed on various transactions in July with a net outlay of $81 million. Ranger's current dividend payments are around $3 million per quarter. It also spent approximately $21 million on share repurchases in July 2022.
Articolo di analisi • Aug 25

We Think Ranger Oil (NASDAQ:ROCC) Can Stay On Top Of Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha • Aug 23

Ranger Oil: Eagle Ford Pure-Play Has Further Upside

Ranger has added 20,000 net acres via 8 bolt-on acquisitions this year. The company's board has approved $140 million for share repurchases through June 30, 2023. If the company elects to add a third drilling rig in 2023, production could increase in the low to mid-teens. A common theme in the investing world centers around the idea of being able to create cash flows, or returns, from investments that everyone else sees but either does not, or cannot, deliver on. In simplest terms, we view this as someone at the mall walking the parking lot and picking money off of the ground. In a professional setting, there are a lot of words and phrases used to describe events such as this, including alpha generator, value-add, value creator, etc. What you want to call it is not important, but you most certainly want to stay alert and find management teams who engage in creating shareholder value through every means possible, even when that centers around tasks that others find too menial or not worth their time. We most certainly believe that this is what is going on at Ranger Oil Corporation (ROCC) with their management team. Ranger is focused on the Eagle Ford formation in East Texas, and is fortunate to have their acreage in a window heavy in oil and NGLs. Bolt-On Acquisitions On its latest conference call to discuss its quarterly results, Ranger Oil President and CEO Darrin Henke explained how the company was deploying its FCF and pointed out that they had added 20,000 net acres via 8 bolt-on acquisitions during the second quarter and early third quarter. The acreage had an initial cost of $139 million, which was nearly fully funded with cash flow generated by the company, or less than $7,000 per acre in one of the most economically attractive and regulatory friendly plays in the country. Ranger Oil has been active in transactions that can increase their contiguous acreage position in the Eagle Ford. (Ranger Oil Corp., Investor Presentation Q2 2022) These transactions have helped the company build up a nearly 20-year inventory (at current prices) of drilling locations (which total about 1,000) while also helping to improve the prospects for the company moving forward by enabling them to continue to streamline operations by drilling longer laterals and having a larger contiguous land position. The Q&A that followed management's prepared remarks shed further light on the M&A activity/market in the Eagle Ford, as management explained that you can find extremely attractive deals in the sub-$100 million area but face extreme competition once you get into the $100-$500 million range. Larger transactions above $500 million are also attractive, and management believes that Ranger will be able to source some of those deals moving forward as well. Other Good News Like others in the E&P space, Ranger Oil has become quite disciplined in its approach to capital allocation. While others are pretty far along in their processes for returning capital to shareholders, Ranger appears to be in the early stages and we think that could potentially be a nice "kicker" moving forward. The company's board also approved a new $140 million share repurchase program through June 30, 2023. Ranger has repurchased $46 million shares since May 2022 - representing over 3% of shares outstanding. The company moved up plans earlier this year to initiate a dividend and announced a dividend that was richer than expected. Currently the company pays a $0.075/share quarterly dividend, which over time should increase significantly. Potential M&A Target As Ranger continues to add acreage (via bolt-on transactions) at very attractive valuations, the company makes itself an even more attractive takeover target for larger players such as EOG Resources (EOG) and Marathon Oil Corporation (MRO) who have acreage nearby and could easily swallow the single-play Ranger via M&A. Majors such as Exxon Mobil (XOM) are also actively drilling near Ranger acreage, but a $1.5 billion market cap company does not begin to move the needle for a $390 billion+ market cap oil major. While we like the story in front of us with Ranger continuing to buy attractive acreage that they can create more economic benefit from than others while adding high-single digit or double digit (in the mid-teens) growth in production moving forward, we recognize that this acreage might be best served in the hands of another industry player willing to pay up for it. With the large portion of production being skewed to oil and NGLs, Ranger is quite attractive to larger players looking to replace production in the coming years.
Seeking Alpha • Jul 29

Ranger Oil: Racing Towards New Highs

The market often does not see the cyclical appreciation potential until a cyclical recovery is well underway. The key to making money with cyclical stocks is to sell after the recovery but before the market top (or at least near it). There is always a risk of a recovery aborting. Oil and gas has cleaned the house in both 2016 and again in 2020. Therefore, any coming correction is unlikely to affect the industry as much as other industries that are over-priced. Ranger Oil management is building a more valuable company to take full advantage of the latest industry upswing. (Note: This article appeared in the newsletter on May 28, 2022 and has been updated as needed.) One of the concepts that is hard to get across for any cyclical stock like Ranger Oil (ROCC) is that management will most likely exceed earlier highs in the latest cycle. So many times, investors look at market bottoms and only see years of decline. A 20% or 30% profit on the way back up is often greeted with loud cheers of success. But most cycles do not abort the way the last one did (though there is always the risk in any recovery). In fact, the recent stock price pullback has largely ignited fears that "the party is over". But the essential ingredient of over production is lacking. Similarly, a much-feared recession is unlikely to last long. Rather this is likely to prove to be a case of the market spotting "eleven of the last seven" recessions (yet again!). Worry and fear sells. It also makes contrarian investing very hard. Economic Background Now, there is some fears of a recession that is brought about by rising interest rates. That certainly could happen. But from an economic viewpoint, this is not 2008 where the whole situation was allowed to continue for two presidential terms before things literally got out of control. This time around, the Federal Reserve is taking action a few years sooner. There are clearly some overpriced stocks that will get hit very hard by the decreasing liquidity (through the open market operations of the Federal Reserve) combined with the fact that many of those managements have now realized that competition arrived. Those stocks are very likely to make the headlines to the point that the correction now underway will seem much worse than it was. But the oil and gas part of the investment world was housecleaned twice (once in 2016 and again rather recently). There really is not enough left to clean out. Furthermore, the start of this rally saw the typical consolidation of the stronger competitors shopping for bargains that financially weaker members of the industry were willing to unload. That also included some who thought they could make a killing in the industry only to endure fiscal year 2020. Therefore, whatever lies ahead for the stock market is very unlikely to do to oil and gas what has already happened yet again. Oil and gas stocks are certainly volatile and a pullback at some point due to a recession is a possibility. The end of the current war would be another point that could cause a commodity price retreat. But the fact is that demand is in excess of supply. We have gone through these periods before with the result that the marketplace takes time to sort the situation out. So, no one should expect surpluses "tomorrow" or in the near future unless something unexpectedly significant is going to happen. Ranger Oil Fits Right In Ranger Oil is doing what many in the industry are doing. A lot of small producers have suffered tremendously over the last five years or so. They now want out and want out at very flexible prices. Ranger Oil management has got the company in a position to offer prices that get those sellers out while providing shareholders with a reasonably accretive deal. Ranger Oil Map Of Bolt-On Eagle Ford Acquisitions (Ranger Oil May 2022, Corporate Presentation) The company just acquired more acreage in a prime Eagle Ford location. Keep in mind that the company production is largely oil. The recent acquisitions appear to maintain that focus. Management announced a few more small transactions at the end of June to complement the transactions shown above. But the best part of the deal is that the acreage cost is well below the going rate for similar acreage in the Permian. Yet the wells often are every bit as profitable, and the Eagle Ford rarely suffers from insufficient takeaway capacity like the Permian did in the last upcycle. On an execution basis, the Eagle Ford often exceeds the Permian in profitability when the location costs of wells is included because the Permian takeaway issues lead to pricing discounts while the Eagle Ford often sells production at a premium to the related benchmark. There is no guarantees of course that it will again happen this time around. But, as the saying goes, I like the chances of another takeaway shortage developing in the Permian. The Permian is still the "hot basin" in the industry and attracts far more interest. That alone, should be a warning sign of what may happen as activity steadily increases. Furthermore, the midstream industry is waiting for customers to demand more takeaway capacity. Once that happens, it is typically two years until that capacity is actually in service. Oftentimes, the midstream industry is increasing capacity well into a cyclical downturn as transportation needs catch up with the last cycle peak. This is and will be a serious issue for the "hot spots" of the industry. It frequently leads to unexpected outperformance of basins thought to have inferior profitability prospects. The result is that some top operators just avoid the basin completely to produce their above average results. Ranger Oil picked up oil weighted inventory for less than $5K an acre at a time when some are paying $50K an acre and higher. Later announced acquisitions were similarly discounted even if not quite as good a price at times. This happens because the lease holdings purchased were small. Management is creating value by taking those "too-small" holdings and combining them into the larger contiguous holdings shown above. That creates value for shareholders before they even drill the first well. The real payback comes when management drills on this acreage. Very few managements discuss the cost of acreage as part of the well breakeven. In this case, the acre cost of roughly 5K an acre on 100 acre spacing would add about $500,000 to the breakeven calculation. That is easy to cover in this environment. But the company paying $50K an acre on that same spacing adds $5 million to the breakeven calculation. That much money is much harder for management to justify (especially given the steep first year production declines of these wells) in any pricing environment. The result is that Ranger Oil will show shareholders a far greater return on capital with the lower priced acreage. Conclusion This management is "going the extra mile" for shareholders by piecing together small parcels that are likely to be uneconomic by themselves into contiguous acreage that is more marketable and more profitable to drill. This is one of many signs that the company should outperform the next upcycle in the industry. Of course, investors have a lot more work to do than just one particular item to evaluate overall management.
Articolo di analisi • Jul 29

Estimating The Intrinsic Value Of Ranger Oil Corporation (NASDAQ:ROCC)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Ranger Oil Corporation...
Seeking Alpha • Jul 08

Ranger Oil initiates $0.075 quarterly dividend

Ranger Oil (NASDAQ:ROCC) initiates $0.075/share quarterly dividend. Forward yield 0.94%. This dividend is 20% higher than previously announced expectations. Payable Aug. 4; for shareholders of record July 25; ex-div July 22. Concurrently, Ranger Oil boosts share buyback program to $140M from $100M. See ROCC Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • May 26

Ranger Oil: Bolt-On Acquisitions Add To Its Production

Ranger added around 1,000 BOEPD in current production for $64 million in cash via bolt-on acquisitions. It also added 17,000 net acres and additional working interest in some of its existing (and in development) wells. Ranger is projected to end 2022 with a bit over $300 million in net debt now, before the impact of any share repurchases. It has authorized a $100 million share repurchase program.
Articolo di analisi • Mar 15

Ranger Oil's (NASDAQ:ROCC) Solid Profits Have Weak Fundamentals

Despite posting some strong earnings, the market for Ranger Oil Corporation's ( NASDAQ:ROCC ) stock hasn't moved much...
Seeking Alpha • Mar 13

Ranger Oil: Reviewing Its Outlook For 2022

Ranger may be able to generate a bit over $300 million in positive cash flow in 2022 at current strip (around $100 WTI oil). It should be able to pay off its credit facility debt during the year even if it spends money on share repurchases. Ranger appears to be fairly valued for a long-term low-$70s WTI oil environment. It claims to have around 20 years of drilling inventory, including 14 years of inventory with a breakeven of $50 WTI or less.
Articolo di analisi • Feb 20

Estimating The Fair Value Of Ranger Oil Corporation (NASDAQ:ROCC)

In this article we are going to estimate the intrinsic value of Ranger Oil Corporation ( NASDAQ:ROCC ) by taking the...

Rendimenti per gli azionisti

ROCCUS Oil and GasUS Mercato
7D-0.9%-5.1%2.1%
1Y10.6%29.2%30.6%

Ritorno vs Industria: ROCC ha superato il US Oil and Gas che ha restituito 29.2 % nell'ultimo anno.

Rendimento vs Mercato: ROCC ha avuto una performance inferiore al mercato US che ha registrato un rendimento 30.6 % nell'ultimo anno.

Volatilità dei prezzi

Is ROCC's price volatile compared to industry and market?
ROCC volatility
ROCC Average Weekly Movement4.6%
Oil and Gas Industry Average Movement6.0%
Market Average Movement7.2%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Prezzo delle azioni stabile: ROCC non ha avuto una volatilità dei prezzi significativa negli ultimi 3 mesi rispetto al mercato US.

Volatilità nel tempo: La volatilità settimanale ( 5% ) di ROCC è rimasta stabile nell'ultimo anno.

Informazioni sull'azienda

FondatoI dipendentiAMMINISTRATORE DELEGATOSito web
1882136Darrin Henkewww.rangeroil.com

Ranger Oil Corporation Riepilogo dei fondamenti

Come si confrontano gli utili e i ricavi di Ranger Oil con la sua capitalizzazione di mercato?
ROCC statistiche fondamentali
Capitalizzazione di mercatoUS$1.56b
Utili (TTM)US$279.68m
Ricavi(TTM)US$1.09b
2.5x
Rapporto P/E
0.7x
Rapporto P/S

ROCC è sopravvalutato?

Vedi Fair Value e analisi di valutazione

Utili e ricavi

Statistiche chiave sulla redditività dall'ultima relazione sugli utili (TTM)
ROCC Conto economico (TTM)
RicaviUS$1.09b
Costo del fatturatoUS$97.52m
Profitto lordoUS$997.19m
Altre speseUS$717.51m
UtiliUS$279.68m

Ultimi utili riportati

Mar 31, 2023

Prossima data di guadagno

n/a

Utile per azione (EPS)14.71
Margine lordo91.09%
Margine di profitto netto25.55%
Rapporto debito/patrimonio netto54.1%

Come si è comportato ROCC nel lungo periodo?

Vedi performance storica e confronto

Dividendi

0.8%
Rendimento attuale del dividendo
2%
Rapporto di remunerazione

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2023/06/21 20:59
Prezzo dell'azione a fine giornata2023/06/16 00:00
Utili2023/03/31
Utili annuali2022/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Ranger Oil Corporation è coperta da 17 analisti. 2 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Jeffrey RobertsonBarclays
Daniel McSpiritBMO Capital Markets Equity Research
Phillip JungwirthBMO Capital Markets Equity Research