Analysts expect Ranger Energy Services (NYSE:RNGR) to report earnings per share (EPS) of $0.18 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ranger Energy Services’ earnings. The lowest EPS estimate is $0.02 and the highest is $0.36. The business is expected to report its next quarterly earnings results on Tuesday, August 14th.
According to Zacks, analysts expect that Ranger Energy Services will report full-year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.22 to $1.32. For the next fiscal year, analysts forecast that the firm will post earnings of $1.11 per share, with EPS estimates ranging from $0.71 to $1.59. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Ranger Energy Services.
Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings results on Tuesday, March 6th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.32). Ranger Energy Services had a negative return on equity of 6.16% and a negative net margin of 9.75%. The firm had revenue of $50.10 million for the quarter, compared to analysts’ expectations of $47.05 million.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Piper Jaffray set a $12.00 price objective on shares of Ranger Energy Services and gave the stock a “buy” rating in a research report on Sunday, April 1st. Barclays set a $10.00 price objective on shares of Ranger Energy Services and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Finally, Wells Fargo lowered shares of Ranger Energy Services from an “outperform” rating to a “market perform” rating and set a $18.00 price objective on the stock. in a research report on Monday, March 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $16.25.
A number of hedge funds have recently made changes to their positions in the business. B. Riley Financial Inc. raised its position in Ranger Energy Services by 47.5% in the first quarter. B. Riley Financial Inc. now owns 415,170 shares of the company’s stock worth $3,379,000 after acquiring an additional 133,738 shares during the period. BlackRock Inc. raised its position in shares of Ranger Energy Services by 5.5% in the fourth quarter. BlackRock Inc. now owns 280,066 shares of the company’s stock valued at $2,585,000 after purchasing an additional 14,725 shares during the period. Franklin Resources Inc. raised its position in shares of Ranger Energy Services by 71.8% in the fourth quarter. Franklin Resources Inc. now owns 272,400 shares of the company’s stock valued at $2,514,000 after purchasing an additional 113,800 shares during the period. Royce & Associates LP raised its position in shares of Ranger Energy Services by 712.8% in the fourth quarter. Royce & Associates LP now owns 186,614 shares of the company’s stock valued at $1,722,000 after purchasing an additional 163,654 shares during the period. Finally, OppenheimerFunds Inc. raised its position in shares of Ranger Energy Services by 32.5% in the fourth quarter. OppenheimerFunds Inc. now owns 30,249 shares of the company’s stock valued at $279,000 after purchasing an additional 7,425 shares during the period. 32.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of RNGR stock opened at $8.34 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. Ranger Energy Services has a 52 week low of $6.88 and a 52 week high of $15.70.
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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