Announcement • Jun 22
Ranger Oil Corporation(NasdaqGS:ROCC) dropped from NASDAQ Composite Index Ranger Oil Corporation has been dropped from NASDAQ Composite Index. Price Target Changed • Jun 22
Price target increased by 9.9% to US$55.50 Up from US$50.50, the current price target is an average from 3 analysts. New target price is 48% above last closing price of US$37.47. The company posted earnings per share of US$10.77 last year. Announcement • Jun 21
Nasdaq Files Notification of Removal from Listing on Form 25 with the Securities and Exchange Commission with Respect to the Delisting of the Ranger Class A Common Stock and the Deregistration of the Ranger Class A Common Stock On June 20, 2023 (the Closing Date), Baytex Energy Corp. (Baytex), completed its previously announced merger with Ranger Oil Corporation (Ranger or the Company), pursuant to that certain Agreement and Plan of Merger, dated as of February 27, 2023, by and between Baytex and the Company, as modified by that certain Joinder Agreement, dated as of May 3, 2023, pursuant to which Nebula Merger Sub, LLC, an indirect wholly owned subsidiary of Baytex (Merger Sub) agreed to be bound by the terms and conditions of such agreement as a party thereto, as amended from time to time (the Merger Agreement). Pursuant to the Merger Agreement, Merger Sub merged with and into the Company (the Merger), with the Company continuing its existence as the surviving corporation (the Surviving Company) as an indirect wholly owned subsidiary of Baytex. Prior to the completion of the Merger, shares of Ranger Class A Common Stock were listed and traded on the Nasdaq Stock Market (NASDAQ) under the trading symbol “ROCC.” In connection with the completion of the Merger, the Company notified NASDAQ of the Merger and that each eligible and outstanding share of Ranger Class A Common Stock was converted into the right to receive the Merger Consideration and requested that NASDAQ withdraw the listing of the Ranger Class A Common Stock. Upon the Company’s request, NASDAQ filed a notification of removal from listing on Form 25 with the U.S. Securities and Exchange Commission (the SEC) with respect to the delisting of the Ranger Class A Common Stock and the deregistration of the Ranger Class A Common Stock under Section 12(b) of the Exchange Act. The Ranger Class A Common Stock ceased being traded on June 20, 2023, and is no longer listed on NASDAQ. In addition, the Company intends to file with the SEC a Form 15 requesting that the reporting obligations of the Company under Sections 13(a) and 15(d) of the Exchange Act be suspended. 
