Ranger Energy Services (NYSE:RNGR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ranger Energy Services (NYSE:RNGR) from a hold rating to a buy rating in a report released on Saturday.

RNGR has been the topic of a number of other research reports. Zacks Research upgraded shares of Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Piper Sandler upgraded shares of Ranger Energy Services from a “neutral” rating to an “overweight” rating in a report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ranger Energy Services in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ranger Energy Services currently has a consensus rating of “Hold” and an average target price of $13.00.

Ranger Energy Services Price Performance

NYSE:RNGR opened at $16.80 on Friday. The firm has a market capitalization of $363.13 million, a price-to-earnings ratio of 31.12 and a beta of 0.15. The business has a 50 day simple moving average of $15.75 and a 200-day simple moving average of $14.43. Ranger Energy Services has a 1 year low of $10.56 and a 1 year high of $17.89.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Thursday, March 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06). Ranger Energy Services had a net margin of 2.25% and a return on equity of 4.54%. The company had revenue of $142.20 million for the quarter, compared to the consensus estimate of $140.67 million.

Ranger Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be issued a $0.06 dividend. The ex-dividend date is Friday, March 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. Ranger Energy Services’s dividend payout ratio is presently 44.44%.

Institutional Investors Weigh In On Ranger Energy Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Encompass Capital Advisors LLC boosted its position in Ranger Energy Services by 0.8% in the 2nd quarter. Encompass Capital Advisors LLC now owns 1,513,284 shares of the company’s stock valued at $18,069,000 after buying an additional 12,716 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Ranger Energy Services by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,231,460 shares of the company’s stock worth $17,216,000 after acquiring an additional 37,503 shares during the period. IES Holdings Inc. purchased a new position in shares of Ranger Energy Services during the fourth quarter worth approximately $15,201,000. Royce & Associates LP raised its stake in shares of Ranger Energy Services by 0.3% during the third quarter. Royce & Associates LP now owns 1,043,648 shares of the company’s stock valued at $14,653,000 after acquiring an additional 3,046 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Ranger Energy Services by 1.7% during the third quarter. Vanguard Group Inc. now owns 845,875 shares of the company’s stock valued at $11,876,000 after acquiring an additional 13,970 shares in the last quarter. Institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.

Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.