Video: Ranger Oil (ROCC): Strong Return on Equity For Eagle Ford Consolidator
• Company is expected to get a FY22 EPS of $10, which could increase to $15 by FY24.
• Eagle Ford consolidator, history of high rate of return (60% ROE) on streamlining small operators.
• No dividend, but the stock is undervalued at its present moment. We believe a 10x PE is a reasonable figure.
• Energy business getting a boost from Chinese oil demand rebound and SPR refill.