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Ranger Oil Management
Management criteria checks 2/4
Ranger Oil's CEO is Darrin Henke, appointed in Aug 2020, he has a tenure of 2.83 years. His total yearly compensation is $3.18M , comprised of 17.3% salary and 82.7% bonuses, including company stock and options. He directly owns 0.14% of the company’s shares, worth $2.21M. The average tenure of the management team and the board of directors is 2.8 years and 2.4 years respectively.
Key information
Darrin Henke
Chief executive officer
US$3.2m
Total compensation
| CEO salary percentage | 17.3% |
| CEO tenure | 2.8yrs |
| CEO ownership | 0.1% |
| Management average tenure | 2.8yrs |
| Board average tenure | 2.4yrs |
Recent management updates
Recent updates
Ranger Oil Corporation (NASDAQ:ROCC) Screens Well But There Might Be A Catch
Mar 18
A Look At The Intrinsic Value Of Ranger Oil Corporation (NASDAQ:ROCC)
Feb 19Ranger Oil reports Q3 prelim total sales above its guidance range
Oct 20Ranger Oil expands borrowing base under credit facility to $950M
Sep 28Ranger Oil: Net Debt Expected To Be Near $500 Million At End Of 2022
Sep 10We Think Ranger Oil (NASDAQ:ROCC) Can Stay On Top Of Its Debt
Aug 25Ranger Oil: Eagle Ford Pure-Play Has Further Upside
Aug 23Ranger Oil: Racing Towards New Highs
Jul 29Estimating The Intrinsic Value Of Ranger Oil Corporation (NASDAQ:ROCC)
Jul 29Ranger Oil initiates $0.075 quarterly dividend
Jul 08Ranger Oil: Bolt-On Acquisitions Add To Its Production
May 26Ranger Oil's (NASDAQ:ROCC) Solid Profits Have Weak Fundamentals
Mar 15Ranger Oil: Reviewing Its Outlook For 2022
Mar 13Estimating The Fair Value Of Ranger Oil Corporation (NASDAQ:ROCC)
Feb 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2023 | n/a | n/a | US$280m |
| Dec 31 2022 | US$3m | US$550k | US$218m |
| Sep 30 2022 | n/a | n/a | US$201m |
| Jun 30 2022 | n/a | n/a | US$112m |
| Mar 31 2022 | n/a | n/a | US$44m |
| Dec 31 2021 | US$2m | US$500k | US$40m |
| Sep 30 2021 | n/a | n/a | -US$129m |
| Jun 30 2021 | n/a | n/a | -US$389m |
| Mar 31 2021 | n/a | n/a | -US$487m |
| Dec 31 2020 | US$2m | US$183k | -US$311m |
Compensation vs Market: Darrin's total compensation ($USD3.18M) is below average for companies of similar size in the US market ($USD5.16M).
Compensation vs Earnings: Darrin's compensation has increased by more than 20% in the past year.
CEO
Darrin Henke (56 yo)
2.8yrs
Tenure
US$3,177,501
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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$3.18m | 0.14% $ 2.2m | |
| Senior VP | 3.6yrs | US$2.11m | 0.31% $ 4.9m | |
| Senior VP & COO | 1.3yrs | US$1.99m | 0.062% $ 967.7k | |
| VP, Chief Accounting Officer & Controller | 2.4yrs | no data | no data | |
| Corporate Secretary | no data | no data | no data | |
| Vice President of Land & Marketing | no data | no data | no data | |
| Consultant | 6.7yrs | US$851.90k | no data |
2.8yrs
Average Tenure
52yo
Average Age
Experienced Management: ROCC's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$3.18m | 0.14% $ 2.2m | |
| Independent Director | 3.8yrs | US$211.23k | 0.094% $ 1.5m | |
| Independent Director | 3.8yrs | US$198.73k | 0.076% $ 1.2m | |
| Independent Director | 2.4yrs | US$25.00k | no data | |
| Independent Director | 1.7yrs | US$214.73k | 0.088% $ 1.4m | |
| Independent Chairman of the Board | 2.4yrs | no data | no data | |
| Independent Director | 2.4yrs | no data | no data | |
| Independent Director | 1.1yrs | no data | no data | |
| Independent Director | 2.4yrs | no data | no data |
2.4yrs
Average Tenure
48.5yo
Average Age
Experienced Board: ROCC's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/06/21 08:26 |
| End of Day Share Price | 2023/06/16 00:00 |
| Earnings | 2023/03/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ranger Oil Corporation is covered by 27 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Robertson | Barclays |
| Phillip Jungwirth | BMO Capital Markets Equity Research |
| Daniel McSpirit | BMO Capital Markets Equity Research |