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
|Historical stock prices|
|Current Share Price||US$32.44|
|52 Week High||US$53.59|
|52 Week Low||US$14.31|
|1 Month Change||-24.22%|
|3 Month Change||-6.05%|
|1 Year Change||37.40%|
|3 Year Change||9.82%|
|5 Year Change||-12.44%|
|Change since IPO||-20.15%|
Recent News & Updates
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.
|ROCC||US Oil and Gas||US Market|
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.
|ROCC Average Weekly Movement||12.0%|
|Oil and Gas Industry Average Movement||8.8%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||3.2%|
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
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
|ROCC fundamental statistics|
Is ROCC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ROCC income statement (TTM)|
|Cost of Revenue||US$54.49m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||2.07|
|Net Profit Margin||6.18%|
How did ROCC perform over the long term?See historical performance and comparison
Is ROCC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is ROCC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does ROCC's PE Ratio compare to its peers?
|ROCC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CDEV Centennial Resource Development
LPI Laredo Petroleum
DMLP Dorchester Minerals
SBR Sabine Royalty Trust
ROCC Ranger Oil
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.
|Current PE Ratio||15.7x|
|Fair PE Ratio||16.2x|
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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How is Ranger Oil forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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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How has Ranger Oil performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
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.
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How is Ranger Oil's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
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 ($576.4M).
Debt to Equity History and Analysis
Debt Level: ROCC's net debt to equity ratio (79.7%) is considered high.
Reducing Debt: ROCC's debt to equity ratio has increased from 14% to 80.7% over the past 5 years.
Debt Coverage: ROCC's debt is well covered by operating cash flow (74.4%).
Interest Coverage: ROCC's interest payments on its debt are well covered by EBIT (4.3x coverage).
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What is Ranger Oil current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ROCC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ROCC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ROCC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ROCC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as ROCC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Darrin Henke (54 yo)
Mr. Darrin J. Henke serves as the President, Chief Executive Officer and Director at Ranger Oil Corporation (formerly known as Penn Virginia Corporation) since August 17, 2020. Prior to joining Penn Virgin...
CEO Compensation Analysis
Compensation vs Market: Darrin's total compensation ($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.
Experienced Management: ROCC's management team is considered experienced (2.2 years average tenure).
Experienced Board: ROCC's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 185.5%.
Ranger Oil Corporation's employee growth, exchange listings and data sources
- 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
- Ranger Oil Corporation
- 16285 Park Ten Place
- Suite 500
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/29 00:00|
|End of Day Share Price||2022/06/29 00:00|
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.