Wall Street analysts expect Ranger Energy Services Inc (NYSE:RNGR) to post earnings per share of $0.11 for the current quarter, according to Zacks. Two analysts have issued estimates for Ranger Energy Services’ earnings, with estimates ranging from $0.05 to $0.17. The business is scheduled to issue its next earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that Ranger Energy Services will report full year earnings of $0.39 per share for the current year, with EPS estimates ranging from $0.28 to $0.49. For the next fiscal year, analysts expect that the company will post earnings of $0.98 per share, with EPS estimates ranging from $0.95 to $1.02. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Ranger Energy Services.
Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings data on Tuesday, May 8th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.32. The business had revenue of $62.60 million during the quarter, compared to analyst estimates of $59.63 million. Ranger Energy Services had a negative net margin of 9.75% and a negative return on equity of 6.16%.
A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Ranger Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Barclays set a $10.00 price objective on shares of Ranger Energy Services and gave the company a “hold” rating in a research note on Wednesday, March 14th. Wells Fargo & Co lowered shares of 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 note on Monday, March 12th. ValuEngine upgraded shares of Ranger Energy Services from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Piper Jaffray Companies set a $12.00 price objective on shares of Ranger Energy Services and gave the company a “buy” rating in a research note on Sunday, April 1st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.47.
NYSE:RNGR traded up $0.22 on Friday, reaching $8.75. 13,500 shares of the stock traded hands, compared to its average volume of 31,058. The firm has a market cap of $134.48 million and a P/E ratio of -11.09. 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 12 month low of $6.88 and a 12 month high of $15.70.
Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG grew its stake in shares of Ranger Energy Services by 148.0% in the fourth quarter. Deutsche Bank AG now owns 13,543 shares of the company’s stock worth $124,000 after acquiring an additional 8,083 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Ranger Energy Services in the fourth quarter worth approximately $127,000. OppenheimerFunds Inc. grew its stake 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 worth $279,000 after acquiring an additional 7,425 shares during the period. Royce & Associates LP grew its stake 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 worth $1,722,000 after acquiring an additional 163,654 shares during the period. Finally, Franklin Resources Inc. boosted its holdings 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 worth $2,514,000 after buying an additional 113,800 shares during the last quarter. Hedge funds and other institutional investors own 31.14% of the company’s stock.
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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