Ranger Energy Services (RNGR) – Investment Analysts’ Weekly Ratings Updates

Ranger Energy Services (NYSE: RNGR) has recently received a number of price target changes and ratings updates:

  • 5/9/2019 – Ranger Energy Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $8.75 price target on the stock. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “
  • 5/5/2019 – Ranger Energy Services had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $11.00 price target on the stock.
  • 4/30/2019 – Ranger Energy Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.00 price target on the stock. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “
  • 4/27/2019 – Ranger Energy Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “
  • 4/26/2019 – Ranger Energy Services was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/24/2019 – Ranger Energy Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.25 price target on the stock. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “
  • 4/18/2019 – Ranger Energy Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “
  • 4/17/2019 – Ranger Energy Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.25 price target on the stock. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “
  • 4/11/2019 – Ranger Energy Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “
  • 4/10/2019 – Ranger Energy Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.50 price target on the stock. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “
  • 4/1/2019 – Ranger Energy Services was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/29/2019 – Ranger Energy Services was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $11.00 price target on the stock, up previously from $8.00.
  • 3/26/2019 – Ranger Energy Services was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 3/20/2019 – Ranger Energy Services was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/20/2019 – Ranger Energy Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “

NYSE RNGR traded down $0.03 during trading hours on Friday, hitting $7.18. The company’s stock had a trading volume of 100 shares, compared to its average volume of 15,636. Ranger Energy Services Inc has a twelve month low of $4.70 and a twelve month high of $10.78. The firm has a market capitalization of $111.57 million, a P/E ratio of 15.96, a P/E/G ratio of 1.77 and a beta of 3.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.13 and a quick ratio of 1.04.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.11. Ranger Energy Services had a net margin of 1.34% and a return on equity of 2.31%. The business had revenue of $88.30 million for the quarter, compared to analyst estimates of $86.70 million. Sell-side analysts expect that Ranger Energy Services Inc will post 0.81 EPS for the current fiscal year.

In related news, major shareholder Brc Partners Opportunity Fund, sold 22,100 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $7.50, for a total transaction of $165,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Brandon Blossman purchased 4,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was purchased at an average price of $6.88 per share, with a total value of $27,520.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 8,500 shares of company stock valued at $61,495 and sold 56,983 shares valued at $437,416. 4.86% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Morgan Stanley lifted its stake in shares of Ranger Energy Services by 520.9% during the 1st quarter. Morgan Stanley now owns 11,760 shares of the company’s stock worth $94,000 after buying an additional 9,866 shares during the last quarter. CAPROCK Group Inc. lifted its stake in shares of Ranger Energy Services by 28.7% during the 4th quarter. CAPROCK Group Inc. now owns 12,868 shares of the company’s stock worth $67,000 after buying an additional 2,868 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Ranger Energy Services during the 4th quarter worth about $77,000. Vanguard Group Inc lifted its stake in shares of Ranger Energy Services by 6.1% during the 3rd quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock worth $2,148,000 after buying an additional 14,832 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Ranger Energy Services by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock worth $2,148,000 after buying an additional 14,832 shares during the last quarter. Hedge funds and other institutional investors own 28.76% of the company’s stock.

Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; workover services, including retrieval and replacement of existing production tubing; well maintenance services comprising replacement of downhole artificial lift components; and decommissioning services consisting of plugging and abandonment services.

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