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Ranger Oil (ROCC) Gets a Buy Rating from RBC Capital

In a report issued on May 12, Scott Hanold from RBC Capital maintained a Buy rating on Ranger Oil (ROCCResearch Report), with a price target of $50.00. The company’s shares closed last Friday at $33.93.

According to TipRanks.com, Hanold is a top 100 analyst with an average return of 25.6% and a 62.6% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp.

Currently, the analyst consensus on Ranger Oil is a Strong Buy with an average price target of $51.00.

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The company has a one-year high of $42.66 and a one-year low of $14.31. Currently, Ranger Oil has an average volume of 450.9K.

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Penn Virginia Corp. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in various domestic onshore regions of the United States. It focuses primarily on the Eagle Ford Shale project located in South Texas. The company was founded in 1882 and is headquartered in Houston, TX.

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