RBC Capital reiterated coverage on Ranger Oil with a new price target
$ROCC
Oil & Gas Production
Energy
RBC Capital reiterated coverage of Ranger Oil with a rating of Outperform and set a new price target of $50.00 from $45.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/9/2023 | $52.00 → $43.00 | Buy → Hold | Truist |
| 3/8/2022 | $45.00 → $50.00 | Outperform | RBC Capital |
| 10/19/2021 | $28.00 → $44.00 | Sector Perform → Outperform | RBC Capital |
HOUSTON, TX / ACCESSWIRE / June 16, 2023 / Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today announced that the shareholders of Ranger voted in favor of all proposals associated with the previously announced merger with Baytex Energy Corp. (TSX:BTE) (NYSE:BTE) ("Baytex"). More than 99 percent of the votes cast were in favor of the transaction.About Ranger Oil CorporationRanger Oil is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs and natural gas, with operations in the Eagle Ford shale in South Texas. For more information, please visit our website at www.rangeroil.com.Important Additional Information and Where to Find I
HOUSTON, TX / ACCESSWIRE / May 8, 2023 / Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today announced financial and operational results for the first quarter of 2023.First Quarter HighlightsTotal sales volumes of 48.7 thousand barrels of oil equivalent per day ("Mboe/d") and crude oil sales volumes of 35.5 thousand barrels of oil per day ("Mbbl/d") for the first quarter of 2023Net income of $113.8 million and adjusted net income (1) of $84.6 millionAdjusted EBITDAX (1) of $187.9 millionNet cash provided by operating activities of $160.2 millionDrilling and completion capital expenditures of $146.5 millionOn May 5, 2023, the Board declared a cash dividend for the first qua
HOUSTON, TX / ACCESSWIRE / May 5, 2023 / Ranger Oil Corporation (NASDAQ:ROCC) announced that the Board declared a cash dividend of $0.075 per share of Class A common stock payable May 30, 2023 to Class A common stockholders of record as of the close of business on May 22, 2023.About Ranger Oil CorporationRanger Oil is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs and natural gas, with operations in the Eagle Ford shale in South Texas. For more information, please visit our website at www.RangerOil.com.ContactInvestor RelationsPhone: (713) 722-6540E-Mail: [email protected]: Ranger Oil CorporationView source version on accesswire.co
NEW YORK, June 20, 2023 /PRNewswire/ -- Arbor Realty Trust (NYSE:ABR) will replace Ranger Oil Corp. (NASD:ROCC) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, June 23. Baytex Energy Corp. (NYSE:BTE) acquired Ranger Oil Corp. in a deal that closed today. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector June 23, 2023 S&P SmallCap 600 Addition Arbor Realty Trust ABR Financials June 23, 2023 S&P SmallCap 600 Deletion Ranger Oil ROCC Energy For more information about S&P Dow Jones Indices, please visit www.spdji.com ABOUT S&P DOW JONES INDICES
HOUSTON, TX / ACCESSWIRE / June 16, 2023 / Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today announced that the shareholders of Ranger voted in favor of all proposals associated with the previously announced merger with Baytex Energy Corp. (TSX:BTE) (NYSE:BTE) ("Baytex"). More than 99 percent of the votes cast were in favor of the transaction.About Ranger Oil CorporationRanger Oil is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs and natural gas, with operations in the Eagle Ford shale in South Texas. For more information, please visit our website at www.rangeroil.com.Important Additional Information and Where to Find I
HOUSTON, TX / ACCESSWIRE / May 8, 2023 / Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today announced financial and operational results for the first quarter of 2023.First Quarter HighlightsTotal sales volumes of 48.7 thousand barrels of oil equivalent per day ("Mboe/d") and crude oil sales volumes of 35.5 thousand barrels of oil per day ("Mbbl/d") for the first quarter of 2023Net income of $113.8 million and adjusted net income (1) of $84.6 millionAdjusted EBITDAX (1) of $187.9 millionNet cash provided by operating activities of $160.2 millionDrilling and completion capital expenditures of $146.5 millionOn May 5, 2023, the Board declared a cash dividend for the first qua
Truist downgraded Ranger Oil from Buy to Hold and set a new price target of $43.00 from $52.00 previously
RBC Capital reiterated coverage of Ranger Oil with a rating of Outperform and set a new price target of $50.00 from $45.00 previously
RBC Capital upgraded Ranger Oil from Sector Perform to Outperform and set a new price target of $44.00 from $28.00 previously
4 - Ranger Oil Corp (0000077159) (Issuer)
4 - Ranger Oil Corp (0000077159) (Issuer)
4 - Ranger Oil Corp (0000077159) (Issuer)
15-12G - BAYTEX ENERGY USA, INC. (0000077159) (Filer)
EFFECT - BAYTEX ENERGY USA, INC. (0000077159) (Filer)
EFFECT - BAYTEX ENERGY USA, INC. (0000077159) (Filer)
SC 13D/A - Ranger Oil Corp (0000077159) (Subject)
SC 13D - Ranger Oil Corp (0000077159) (Subject)
SC 13D/A - Ranger Oil Corp (0000077159) (Subject)
Arbor Realty Trust, Inc. (NYSE:ABR) shares are trading higher on Wednesday after the company announced it is set to join the S&P SmallCap 600 effective prior to the opening of trading on Friday, June 23. What To Know: Arbor Realty Trust will replace Ranger Oil Corp. (NASD:ROCC) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, June 23. Arbor Realty Trust is a real estate investment trust with a portfolio of structured finance assets in the multifamily, single-family rental and commercial real estate markets. Related News: Why Ocean Biomedical (OCEA) Shares Are Climbing Wednesday ABR Price Action: According to Benzinga Pro, Arbor Realty Trust shares are tradin
The Meaning Behind Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the energy sector: Patterson-UTI Energy (NASDAQ:PTEN) - P/E: 8.54 Exxon Mobil (NYSE:XOM) - P/E: 7.28 Scorpio Tankers (NYSE:STNG) - P/E: 3.13 YPF (NYSE:YPF) - P/E: 2.46 Ranger Oil (NASDAQ:ROCC) - P/E: 2.85
The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Below is a list of notable value stocks in the energy sector: Green Plains Partners (NASDAQ:GPP) - P/E: 7.15 Ranger Oil (NASDAQ:ROCC) - P/E: 2.8 EOG Resources (NYSE:EOG) - P/E: 6.92 North European Oil (NYSE:NRT) - P/E: 5.96 Teekay Tankers (NYSE:TNK) - P/E: 3.36 Green Plains Partners's earnings per share for Q1 sits at $0.42, whereas in Q4, they were at 0.41. Most recently, the company reported a divid