Ranger Oil Corporation (NASDAQ: ROCC) is 29.09% higher on its value in year-to-date trading and has touched a low of $14.31 and a high of $53.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ROCC stock was last observed hovering at around $35.48 in the last trading session, with the day’s loss setting it -0.73% off its average median price target of $55.00 for the next 12 months. It is also 51.06% off the consensus price target high of $71.00 offered by 5 analysts, but current levels are 27.6% higher than the price target low of $48.00 for the same period.
Currently trading at $34.75, the stock is 7.82% and -6.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.34 million and changing -2.06% at the moment leaves the stock 4.83% off its SMA200. ROCC registered 78.85% gain for a year compared to 6-month gain of 16.57%. The firm has a 50-day simple moving average (SMA 50) of $1.62 and a 200-day simple moving average (SMA200) of $4.09.
The stock witnessed a 12.71% loss in the last 1 month and extending the period to 3 months gives it a 7.42%, and is 2.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.45% over the week and 7.65% over the month.
Ranger Oil Corporation (ROCC) has around 136 employees, a market worth around $1.57B and $747.40M in sales. Current P/E ratio is 14.64 and Fwd P/E is 2.64. Profit margin for the company is 5.90%. Distance from 52-week low is 142.84% and -35.16% from its 52-week high. The company has generated returns on investments over the last 12 months (29.00%).
Ranger Oil Corporation (ROCC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Ranger Oil Corporation (ROCC) is a “Buy”. 5 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Ranger Oil Corporation is expected to release its quarterly report on 11/02/2022.The EPS is expected to grow by 111.50% this year.
Ranger Oil Corporation (ROCC) Top Institutional Holders
The shares outstanding are 21.11M, and float is at 21.07M with Short Float at 6.29%.
Ranger Oil Corporation (ROCC) Insider Activity
A total of 4 insider transactions have happened at Ranger Oil Corporation (ROCC) in the last six months, with sales accounting for 1 and purchases happening 3 times.