Ranger Oil Corporation (NASDAQ:ROCC) went down by -9.48% from its latest closing price compared to the recent 1-year high of $53.59. The company’s stock price has collected -23.87% of loss in the last five trading sessions.
Is It Worth Investing in Ranger Oil Corporation (NASDAQ :ROCC) Right Now?
Ranger Oil Corporation (NASDAQ:ROCC) scored a price-to-earnings ratio above its average ratio, recording 15.94 x from its present earnings ratio. Plus, the 36-month beta value for ROCC is at 2.62. Opinions of the stock are interesting as 4 analysts out of 5 who provided ratings for Ranger Oil Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $60.60, which is $22.78 above the current price. ROCC currently public float of 21.07M and currently shorts hold a 5.06% ratio of that float. Today, the average trading volume of ROCC was 469.12K shares.
ROCC’s Market Performance
ROCC stocks went down by -23.87% for the week, with a monthly jump of 16.12% and a quarterly performance of 10.29%, while its annual performance rate touched 65.51%. The volatility ratio for the week stands at 9.24% while the volatility levels for the past 30 days are set at 7.51% for Ranger Oil Corporation. The simple moving average for the period of the last 20 days is -13.37% for ROCC stocks with a simple moving average of 18.44% for the last 200 days.
ROCC Trading at -1.47% from the 50-Day Moving Average
After a stumble in the market that brought ROCC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.43% of loss for the given period.
Volatility was left at 7.51%, however, over the last 30 days, the volatility rate increased by 9.24%, as shares surge +13.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.53% upper at present.
During the last 5 trading sessions, ROCC fell by -23.87%, which changed the moving average for the period of 200-days by +87.69% in comparison to the 20-day moving average, which settled at $43.88. In addition, Ranger Oil Corporation saw 40.49% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ROCC starting from Rothstein Adam, who purchase 25,979 shares at the price of $9.64 back on Jul 23. After this action, Rothstein Adam now owns 144,189 shares of Ranger Oil Corporation, valued at $250,438 using the latest closing price.
Rothstein Adam, the Director of Ranger Oil Corporation, purchase 5,021 shares at $9.77 during a trade that took place back on Jul 22, which means that Rothstein Adam is holding 118,210 shares at $49,055 based on the most recent closing price.
Stock Fundamentals for ROCC
Current profitability levels for the company are sitting at:
- +52.70 for the present operating margin
- +60.01 for the gross margin
The net margin for Ranger Oil Corporation stands at +6.94. Equity return is now at value 18.10, with 3.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.