Ranger Oil Corporation (ROCC)
Ranger Oil Corporation operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $37.47, down 1.96% on the session, giving a market capitalisation of $712.3M. On trailing twelve-month figures it carries a trailing P/E of 1.63, a net margin of 40.7%. Its beta of 2.65 implies it has historically moved more than the broad market.
Ranger Oil Corporation operates as an independent energy enterprise, specializing in the onshore exploration, development, and production of crude oil, natural gas liquids, and natural gas throughout the United States. Its operations primarily involve drilling specialized horizontal development wells and managing active production wells, with a significant presence in South Texas's Eagle Ford Shale region. As of December 31, 2021, the company possessed total proved reserves amounting to approximately 241 million barrels of oil equivalent. Furthermore, it oversaw 860 gross productive wells and controlled around 172,000 gross acres through various leasehold and royalty agreements. Established in 1882, the company adopted its current name, Ranger Oil Corporation, in October 2021, having previously operated as Penn Virginia Corporation. Its main office is situated in Houston, Texas.
Ranger Oil Corporation is most often compared with the following Energy names: