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ROCC

Ranger Oil NasdaqGS:ROCC Stock Report

Last Price

US$32.44

Market Cap

US$1.5b

7D

-4.3%

1Y

37.4%

Updated

29 Jun, 2022

Data

Company Financials +
ROCC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance2/6
Financial Health2/6
Dividends0/6

ROCC Stock Overview

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

Ranger Oil Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ranger Oil
Historical stock prices
Current Share PriceUS$32.44
52 Week HighUS$53.59
52 Week LowUS$14.31
Beta2.87
1 Month Change-24.22%
3 Month Change-6.05%
1 Year Change37.40%
3 Year Change9.82%
5 Year Change-12.44%
Change since IPO-20.15%

Recent News & Updates

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.

Shareholder Returns

ROCCUS Oil and GasUS Market
7D-4.3%0.07%1.6%
1Y37.4%31.4%-20.8%

Return vs Industry: ROCC matched the US Oil and Gas industry which returned 37.9% over the past year.

Return vs Market: ROCC exceeded the US Market which returned -20.4% over the past year.

Price Volatility

Is ROCC's price volatile compared to industry and market?
ROCC volatility
ROCC Average Weekly Movement12.0%
Oil and Gas Industry Average Movement8.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: ROCC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: ROCC's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1882136Darrin Henkehttps://www.rangeroil.com

Ranger Oil Corporation, an independent oil and gas company, engages in the onshore exploration, development, and production of crude oil, natural gas liquids, and natural gas in the United States. It engages in drilling unconventional horizontal development wells; and operates producing wells in the Eagle Ford Shale field in South Texas. As of December 31, 2021, it had total proved reserves of approximately 241 million barrels of oil equivalent; and 860 gross productive wells, as well as leased approximately 172,000 gross acres of leasehold and royalty interests.

Ranger Oil Fundamentals Summary

How do Ranger Oil's earnings and revenue compare to its market cap?
ROCC fundamental statistics
Market CapUS$1.48b
Earnings (TTM)US$43.82m
Revenue (TTM)US$709.54m

15.7x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ROCC income statement (TTM)
RevenueUS$709.54m
Cost of RevenueUS$54.49m
Gross ProfitUS$655.05m
Other ExpensesUS$611.23m
EarningsUS$43.82m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.07
Gross Margin92.32%
Net Profit Margin6.18%
Debt/Equity Ratio80.7%

How did ROCC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ROCC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ROCC?

Other financial metrics that can be useful for relative valuation.

ROCC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.2x
Enterprise Value/EBITDA4.8x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does ROCC's PE Ratio compare to its peers?

ROCC PE Ratio vs Peers
The above table shows the PE ratio for ROCC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.6x
CDEV Centennial Resource Development
9.5x20.8%US$1.8b
LPI Laredo Petroleum
9.3x29.5%US$1.2b
DMLP Dorchester Minerals
10.9xn/aUS$939.2m
SBR Sabine Royalty Trust
12.7xn/aUS$915.6m
ROCC Ranger Oil
15.7x10.0%US$1.5b

Price-To-Earnings vs Peers: ROCC is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (10.6x).


Price to Earnings Ratio vs Industry

How does ROCC's PE Ratio compare vs other companies in the US Oil and Gas Industry?

Price-To-Earnings vs Industry: ROCC is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the US Oil and Gas industry average (12x)


Price to Earnings Ratio vs Fair Ratio

What is ROCC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ROCC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.7x
Fair PE Ratio16.2x

Price-To-Earnings vs Fair Ratio: ROCC is good value based on its Price-To-Earnings Ratio (15.7x) compared to the estimated Fair Price-To-Earnings Ratio (16.2x).


Share Price vs Fair Value

What is the Fair Price of ROCC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ROCC ($32.44) is trading above our estimate of fair value ($25.71)

Significantly Below Fair Value: ROCC is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: ROCC is poor value based on its PEG Ratio (1.6x)


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Future Growth

How is Ranger Oil forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ROCC's forecast earnings growth (10% per year) is above the savings rate (1.9%).

Earnings vs Market: ROCC's earnings (10% per year) are forecast to grow slower than the US market (13.7% per year).

High Growth Earnings: ROCC's earnings are forecast to grow, but not significantly.

Revenue vs Market: ROCC's revenue (4.1% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: ROCC's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ROCC's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Ranger Oil performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-62.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ROCC has a large one-off loss of $26.5M impacting its March 31 2022 financial results.

Growing Profit Margin: ROCC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ROCC has become profitable over the past 5 years, growing earnings by -62.9% per year.

Accelerating Growth: ROCC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ROCC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (102.2%).


Return on Equity

High ROE: ROCC's Return on Equity (15.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Ranger Oil's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ROCC's short term assets ($197.6M) do not cover its short term liabilities ($397.1M).

Long Term Liabilities: ROCC's short term assets ($197.6M) do not cover its long term liabilities ($576.4M).


Debt to Equity History and Analysis

Debt Level: ROCC's net debt to equity ratio (79.7%) is considered high.

Reducing Debt: ROCC's debt to equity ratio has increased from 14% to 80.7% over the past 5 years.

Debt Coverage: ROCC's debt is well covered by operating cash flow (74.4%).

Interest Coverage: ROCC's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


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Dividend

What is Ranger Oil current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ROCC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ROCC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ROCC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ROCC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ROCC has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Darrin Henke (54 yo)

1.83yrs

Tenure

US$1,554,807

Compensation

Mr. Darrin J. Henke serves as the President, Chief Executive Officer and Director at Ranger Oil Corporation (formerly known as Penn Virginia Corporation) since August 17, 2020. Prior to joining Penn Virgin...


CEO Compensation Analysis

Compensation vs Market: Darrin's total compensation ($USD1.55M) is below average for companies of similar size in the US market ($USD5.49M).

Compensation vs Earnings: Darrin's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ROCC's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: ROCC's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 185.5%.


Top Shareholders

Company Information

Ranger Oil Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Ranger Oil Corporation
  • Ticker: ROCC
  • Exchange: NasdaqGS
  • Founded: 1882
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: US$1.482b
  • Market Cap: US$686.541m
  • Shares outstanding: 43.71m
  • Website: https://www.rangeroil.com

Number of Employees


Location

  • Ranger Oil Corporation
  • 16285 Park Ten Place
  • Suite 500
  • Houston
  • Texas
  • 77084
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.