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Wednesday, March 22, 2023

The Street Is Finally Waking Up To Ranger Oil Corporation (NASDAQ: ROCC)

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Ranger Oil Corporation (ROCC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.15, or -0.35%, to $43.18. The Ranger Oil Corporation has recorded 5,330 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Ranger Oil Corporation Declares Quarterly Cash Dividend and Schedules Fourth Quarter and Full-Year 2022 Earnings Release Date.


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Stocks Info

Ranger Oil Corporation is listed on the NASDAQ in the Energy sector while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $43.33 and fluctuated between $44.18 as its day high and $43.03 as its day low. The current market capitalization of Ranger Oil Corporation is $1.75B. A total of 0.76 million shares were traded on the day, compared to an average of 426.61K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ROCC has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 46,765 and the disposition of 16,973 shares. Over the last 12 months, there were 4 BUYs and 3 SELLs from insiders. Insiders purchased 56,863 shares during that period but sold 19,877.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Ranger Oil Corporation pays an annual dividend of $0.30, resulting in a dividend yield of 0.69%, and it has a price to earnings (P/E) ratio of 4.47. ROCC’s most recent ex-dividend date was 7/22/2022 when it declared a $0.0750 quarterly dividend that was paid in cash on 8/4/2022.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ROCC in the last 3 months, the mean price target is $52.40 with high estimates of $56.00 and low estimates of $44.00. In terms of 52-week highs and lows, ROCC has a high of $53.59 and a low of $27.26.

As of this writing, ROCC has an earnings estimate of $2.8 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $3.12 per share and a lower estimate of $2.5. The company reported an EPS of $2.73 in the last quarter, which was 3.40% higher than expectations of $2.64.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ROCC is Overweight with a score of 5.00. A total of 3 analysts rated the stock as Buy while 1 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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