Ranger Energy Services (NYSE:RNGR) has been assigned a $10.00 price objective by stock analysts at Barclays in a note issued to investors on Wednesday, March 14th. The brokerage presently has a “hold” rating on the stock. Barclays’ target price suggests a potential upside of 26.58% from the stock’s current price.
A number of other equities analysts have also recently commented on RNGR. Credit Suisse Group reaffirmed an “outperform” rating and issued a $11.00 price target (down from $18.00) on shares of Ranger Energy Services in a research note on Tuesday, November 14th. Zacks Investment Research cut Ranger Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, Wells Fargo cut Ranger Energy Services from an “outperform” rating to a “market perform” rating and set a $18.00 target price on the stock. in a research note on Monday, March 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.00.
Ranger Energy Services (RNGR) opened at $7.90 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. Ranger Energy Services has a 12 month low of $7.74 and a 12 month high of $15.70.
Several institutional investors and hedge funds have recently bought and sold shares of the company. OppenheimerFunds Inc. increased its stake in shares of Ranger Energy Services by 32.5% during the fourth quarter. OppenheimerFunds Inc. now owns 30,249 shares of the company’s stock valued at $279,000 after buying an additional 7,425 shares during the period. Deutsche Bank AG increased its stake in shares of Ranger Energy Services by 148.0% during the fourth quarter. Deutsche Bank AG now owns 13,543 shares of the company’s stock valued at $124,000 after buying an additional 8,083 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Ranger Energy Services during the fourth quarter valued at approximately $127,000. BlackRock Inc. increased its stake in shares of Ranger Energy Services by 5.5% during the fourth quarter. BlackRock Inc. now owns 280,066 shares of the company’s stock valued at $2,585,000 after buying an additional 14,725 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Ranger Energy Services during the third quarter valued at approximately $384,000. 31.17% of the stock is currently owned by hedge funds and other institutional investors.
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About Ranger Energy Services
Ranger Energy Services, Inc is an independent provider of high-specification (high-spec) well service rigs and associated services in the United States. The Company focuses on unconventional horizontal well completion and production operations. The Company operates through Well Services and Processing Solutions segment.
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