We’ve recently updated our valuation analysis.

Ranger Oil Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

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/Revenue1.6x
Enterprise Value/EBITDA2.4x
PEG Ratio0.1x

Price to Earnings Ratio vs Peers

How does ROCC's PE Ratio compare to its 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 Average8x
TALO Talos Energy
3.8x19.9%US$1.7b
KRP Kimbell Royalty Partners
12.6x8.8%US$1.3b
SBR Sabine Royalty Trust
11.3xn/aUS$1.3b
GPOR Gulfport Energy
4.5x64.0%US$1.4b
ROCC Ranger Oil
3.1x29.4%US$1.6b

Price-To-Earnings vs Peers: ROCC is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (8x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-11.6%
n/an/an/a

Price-To-Earnings vs Industry: ROCC is good value based on its Price-To-Earnings Ratio (3.1x) compared to the US Oil and Gas industry average (7.1x)


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 Ratio3.1x
Fair PE Ratio8.8x

Price-To-Earnings vs Fair Ratio: ROCC is good value based on its Price-To-Earnings Ratio (3.1x) compared to the estimated Fair Price-To-Earnings Ratio (8.8x).


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 ($43.95) is trading above our estimate of fair value ($35.7)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ROCC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$43.95
US$58.00
+32.0%
14.0%US$74.00US$52.00n/a5
Jan ’24US$40.43
US$58.00
+43.5%
14.0%US$74.00US$52.00n/a5
Dec ’23US$41.84
US$58.80
+40.5%
12.3%US$73.00US$53.00n/a5
Nov ’23US$41.09
US$55.00
+33.9%
19.2%US$73.00US$40.00n/a5
Oct ’23US$31.45
US$61.20
+94.6%
14.6%US$73.00US$52.00n/a5
Sep ’23US$37.64
US$59.60
+58.3%
12.1%US$71.00US$52.00n/a5
Aug ’23US$37.23
US$58.20
+56.3%
14.6%US$71.00US$48.00n/a5
Jul ’23US$32.40
US$60.80
+87.7%
11.6%US$68.00US$50.00n/a5
Jun ’23US$46.10
US$56.80
+23.2%
15.7%US$66.00US$43.00n/a5
May ’23US$31.85
US$55.40
+73.9%
14.2%US$65.00US$43.00n/a5
Apr ’23US$36.92
US$54.00
+46.3%
14.0%US$65.00US$43.00n/a5
Mar ’23US$35.34
US$49.60
+40.4%
12.2%US$55.00US$40.00n/a5
Feb ’23US$33.21
US$46.40
+39.7%
11.8%US$55.00US$40.00n/a5
Jan ’23US$26.92
US$43.40
+61.2%
12.1%US$49.00US$35.00US$40.435
Dec ’22US$25.00
US$43.00
+72.0%
11.7%US$49.00US$35.00US$41.845
Nov ’22US$33.69
US$44.60
+32.4%
11.8%US$52.00US$38.00US$41.095
Oct ’22US$29.20
US$34.50
+18.2%
11.7%US$40.00US$29.00US$31.454
Sep ’22US$20.15
US$32.75
+62.5%
7.0%US$35.00US$29.00US$37.644
Aug ’22US$18.49
US$32.75
+77.1%
7.0%US$35.00US$29.00US$37.234
Jul ’22US$25.19
US$30.40
+20.7%
16.2%US$36.00US$22.00US$32.405
Jun ’22US$21.21
US$25.40
+19.8%
16.6%US$33.00US$21.00US$46.105
May ’22US$13.63
US$20.60
+51.1%
29.5%US$26.00US$9.00US$31.855
Apr ’22US$14.23
US$20.40
+43.4%
29.8%US$26.00US$9.00US$36.925
Mar ’22US$14.74
US$16.20
+9.9%
25.1%US$20.00US$9.00US$35.345
Feb ’22US$10.40
US$13.70
+31.7%
20.6%US$16.50US$9.00US$33.215
Jan ’22US$10.15
US$13.50
+33.0%
22.0%US$16.50US$9.00US$26.925

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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