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Ranger Oil Corporation (ROCC) Stock Fundamental Analysis

NASDAQ:ROCC - Nasdaq - US70788V1026 - Common Stock - Currency: USD

37.47  -0.75 (-1.96%)

After market: 37.72 +0.25 (+0.67%)

Fundamental Rating

5

ROCC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 211 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of ROCC while its profitability can be described as average. An interesting combination arises when we look at growth and value: ROCC is growing strongly while it also seems undervalued.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year ROCC was profitable.
In the past year ROCC had a positive cash flow from operations.
In multiple years ROCC reported negative net income over the last 5 years.
In multiple years ROCC reported negative operating cash flow during the last 5 years.
ROCC Yearly Net Income VS EBIT VS OCF VS FCFROCC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 200M 400M 600M 800M 1B

1.2 Ratios

ROCC has a Return On Assets (13.40%) which is in line with its industry peers.
ROCC has a Return On Equity of 52.59%. This is amongst the best in the industry. ROCC outperforms 83.41% of its industry peers.
ROCC has a Return On Invested Capital of 27.30%. This is in the better half of the industry: ROCC outperforms 77.58% of its industry peers.
Industry RankSector Rank
ROA 13.4%
ROE 52.59%
ROIC 27.3%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROCC Yearly ROA, ROE, ROICROCC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 100 200 300 400 500

1.3 Margins

ROCC has a Profit Margin (24.39%) which is in line with its industry peers.
ROCC's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 54.67%, ROCC belongs to the top of the industry, outperforming 82.06% of the companies in the same industry.
In the last couple of years the Operating Margin of ROCC has grown nicely.
ROCC's Gross Margin of 82.58% is amongst the best of the industry. ROCC outperforms 86.55% of its industry peers.
In the last couple of years the Gross Margin of ROCC has grown nicely.
Industry RankSector Rank
OM 54.67%
PM (TTM) 24.39%
GM 82.58%
OM growth 3YN/A
OM growth 5Y12.22%
PM growth 3YN/A
PM growth 5Y-1.4%
GM growth 3YN/A
GM growth 5Y2.5%
ROCC Yearly Profit, Operating, Gross MarginsROCC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 200 400 600

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2

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ROCC is creating value.
ROCC has less shares outstanding than it did 1 year ago.
Compared to 1 year ago, ROCC has an improved debt to assets ratio.
ROCC Yearly Shares OutstandingROCC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M 40M
ROCC Yearly Total Debt VS Total AssetsROCC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B 2B

2.2 Solvency

An Altman-Z score of 1.98 indicates that ROCC is not a great score, but indicates only limited risk for bankruptcy at the moment.
ROCC has a Altman-Z score (1.98) which is in line with its industry peers.
ROCC has a Debt/Equity ratio of 1.18. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.18, ROCC is doing worse than 73.54% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.18
Debt/FCF N/A
Altman-Z 1.98
ROIC/WACC2.95
WACC9.25%
ROCC Yearly LT Debt VS Equity VS FCFROCC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 0 200M 400M 600M

2.3 Liquidity

ROCC has a Current Ratio of 0.71. This is a bad value and indicates that ROCC is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.71, ROCC is not doing good in the industry: 75.78% of the companies in the same industry are doing better.
ROCC has a Quick Ratio of 0.71. This is a bad value and indicates that ROCC is not financially healthy enough and could expect problems in meeting its short term obligations.
ROCC has a Quick ratio of 0.65. This is in the lower half of the industry: ROCC underperforms 75.78% of its industry peers.
Industry RankSector Rank
Current Ratio 0.71
Quick Ratio 0.65
ROCC Yearly Current Assets VS Current LiabilitesROCC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M

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8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 48.47% over the past year.
Measured over the past years, ROCC shows a very strong growth in Earnings Per Share. The EPS has been growing by 28.69% on average per year.
ROCC shows a strong growth in Revenue. In the last year, the Revenue has grown by 53.45%.
ROCC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 48.22% yearly.
EPS 1Y (TTM)48.47%
EPS 3Y4.65%
EPS 5Y28.69%
EPS Q2Q%-47.79%
Revenue 1Y (TTM)53.45%
Revenue growth 3YN/A
Revenue growth 5Y48.22%
Sales Q2Q%0.66%

3.2 Future

Based on estimates for the next years, ROCC will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.22% on average per year.
Based on estimates for the next years, ROCC will show a quite strong growth in Revenue. The Revenue will grow by 11.79% on average per year.
EPS Next Y18.11%
EPS Next 2Y18.43%
EPS Next 3Y15.22%
EPS Next 5YN/A
Revenue Next Year5.46%
Revenue Next 2Y9.64%
Revenue Next 3Y11.79%
Revenue Next 5YN/A

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
ROCC Yearly Revenue VS EstimatesROCC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
ROCC Yearly EPS VS EstimatesROCC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

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7

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 4.08 indicates a rather cheap valuation of ROCC.
Based on the Price/Earnings ratio, ROCC is valued a bit cheaper than the industry average as 76.23% of the companies are valued more expensively.
ROCC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.30.
The Price/Forward Earnings ratio is 2.60, which indicates a rather cheap valuation of ROCC.
95.96% of the companies in the same industry are more expensive than ROCC, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, ROCC is valued rather cheaply.
Industry RankSector Rank
PE 4.08
Fwd PE 2.6
ROCC Price Earnings VS Forward Price EarningsROCC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ROCC indicates a rather cheap valuation: ROCC is cheaper than 94.17% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 1.47
ROCC Per share dataROCC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

ROCC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ROCC has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as ROCC's earnings are expected to grow with 15.22% in the coming years.
PEG (NY)0.23
PEG (5Y)0.14
EPS Next 2Y18.43%
EPS Next 3Y15.22%

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0

5. Dividend

5.1 Amount

ROCC has a yearly dividend return of 0.80%, which is pretty low.
ROCC's Dividend Yield is slightly below the industry average, which is at 6.51.
With a Dividend Yield of 0.80, ROCC pays less dividend than the S&P500 average, which is at 2.37.
Industry RankSector Rank
Dividend Yield 0.8%

5.2 History

ROCC does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
ROCC Yearly Dividends per shareROCC Yearly Dividends per shareYearly Dividends per share 2022 2023 0.1 0.2 0.3 0.4

5.3 Sustainability

DPN/A
EPS Next 2Y18.43%
EPS Next 3Y15.22%
ROCC Yearly Income VS Free CF VS DividendROCC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 0 200M 400M 600M 800M 1B

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Ranger Oil Corporation

NASDAQ:ROCC (6/16/2023, 8:00:02 PM)

After market: 37.72 +0.25 (+0.67%)

37.47

-0.75 (-1.96%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-08 2023-05-08/amc
Earnings (Next)07-31 2023-07-31/amc
Inst Owners0%
Inst Owner Change-98.78%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap712.30M
Analysts78.18
Price Target51.82 (38.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.8%
Yearly Dividend0.07
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-36.6%
Min EPS beat(2)-54.98%
Max EPS beat(2)-18.22%
EPS beat(4)1
Avg EPS beat(4)-19.38%
Min EPS beat(4)-54.98%
Max EPS beat(4)1.53%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.01%
Min Revenue beat(2)-4.71%
Max Revenue beat(2)-1.3%
Revenue beat(4)2
Avg Revenue beat(4)9.54%
Min Revenue beat(4)-4.71%
Max Revenue beat(4)31.3%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.55%
PT rev (3m)-3.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.26%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-15.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.92%
Valuation
Industry RankSector Rank
PE 4.08
Fwd PE 2.6
P/S 0.62
P/FCF N/A
P/OCF 1.01
P/B 1.34
P/tB 1.34
EV/EBITDA 1.47
EPS(TTM)9.19
EY24.53%
EPS(NY)14.41
Fwd EY38.44%
FCF(TTM)-0.92
FCFYN/A
OCF(TTM)36.92
OCFY98.53%
SpS60.33
BVpS27.98
TBVpS27.98
PEG (NY)0.23
PEG (5Y)0.14
Profitability
Industry RankSector Rank
ROA 13.4%
ROE 52.59%
ROCE N/A
ROIC 27.3%
ROICexc 27.49%
ROICexgc 27.49%
OM 54.67%
PM (TTM) 24.39%
GM 82.58%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y30.35%
ROICexc growth 3YN/A
ROICexc growth 5Y30.35%
OM growth 3YN/A
OM growth 5Y12.22%
PM growth 3YN/A
PM growth 5Y-1.4%
GM growth 3YN/A
GM growth 5Y2.5%
F-Score8
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 1.18
Debt/FCF N/A
Debt/EBITDA 0.69
Cap/Depr 257.94%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.71
Quick Ratio 0.65
Altman-Z 1.98
F-Score8
WACC9.25%
ROIC/WACC2.95
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)48.47%
EPS 3Y4.65%
EPS 5Y28.69%
EPS Q2Q%-47.79%
EPS Next Y18.11%
EPS Next 2Y18.43%
EPS Next 3Y15.22%
EPS Next 5YN/A
Revenue 1Y (TTM)53.45%
Revenue growth 3YN/A
Revenue growth 5Y48.22%
Sales Q2Q%0.66%
Revenue Next Year5.46%
Revenue Next 2Y9.64%
Revenue Next 3Y11.79%
Revenue Next 5YN/A
EBIT growth 1Y47.44%
EBIT growth 3YN/A
EBIT growth 5Y66.33%
EBIT Next Year25.3%
EBIT Next 3Y15.89%
EBIT Next 5YN/A
FCF growth 1Y72.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y133.69%
OCF growth 3YN/A
OCF growth 5Y52.57%