Ranger Energy Services (NYSE:RNGR) received a $10.00 target price from equities research analysts at Barclays in a research note issued on Wednesday, March 14th. The brokerage presently has a “hold” rating on the stock. Barclays’ price target points to a potential upside of 41.84% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Ranger Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Wells Fargo lowered Ranger Energy Services from an “outperform” rating to a “market perform” rating and set a $18.00 price objective for the company. in a research report on Monday, March 12th. Finally, Credit Suisse Group restated an “outperform” rating and set a $11.00 price objective (down previously from $18.00) on shares of Ranger Energy Services in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.25.
Shares of NYSE RNGR traded down $0.25 during midday trading on Wednesday, hitting $7.05. 71,544 shares of the stock traded hands, compared to its average volume of 33,178. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. Ranger Energy Services has a one year low of $6.90 and a one year high of $15.70.
Several large investors have recently modified their holdings of the company. Deutsche Bank AG increased its holdings in 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 Ranger Energy Services during the fourth quarter valued at approximately $127,000. Alyeska Investment Group L.P. purchased a new position in Ranger Energy Services during the third quarter valued at approximately $384,000. OppenheimerFunds Inc. increased its holdings in 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. Finally, Pentwater Capital Management LP purchased a new position in Ranger Energy Services during the third quarter valued at approximately $735,000. 31.17% of the stock is currently owned by institutional investors and hedge funds.
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Ranger Energy Services Company Profile
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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