Ranger Energy Services (NYSE:RNGR) had its price target trimmed by Wells Fargo & Co from $10.00 to $9.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm currently has an outperform rating on the stock.
A number of other brokerages also recently weighed in on RNGR. Zacks Investment Research downgraded Ranger Energy Services from a hold rating to a sell rating in a report on Friday, September 6th. ValuEngine upgraded Ranger Energy Services from a strong sell rating to a sell rating in a report on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $9.96.
Shares of RNGR opened at $6.52 on Thursday. The company has a market capitalization of $102.69 million, a price-to-earnings ratio of 14.49 and a beta of 3.27. Ranger Energy Services has a fifty-two week low of $4.70 and a fifty-two week high of $8.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.26 and a quick ratio of 1.13. The business’s 50-day moving average is $6.36 and its 200-day moving average is $7.01.
Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Thursday, July 25th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.12). The business had revenue of $84.30 million during the quarter, compared to analyst estimates of $91.73 million. Ranger Energy Services had a net margin of 1.79% and a return on equity of 3.13%. Equities research analysts expect that Ranger Energy Services will post 0.71 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in RNGR. Private Capital Group LLC bought a new position in Ranger Energy Services in the second quarter worth $32,000. Royal Bank of Canada increased its stake in shares of Ranger Energy Services by 250,000.0% in the second quarter. Royal Bank of Canada now owns 7,503 shares of the company’s stock valued at $60,000 after buying an additional 7,500 shares in the last quarter. BlackRock Inc. increased its stake in shares of Ranger Energy Services by 15.5% in the second quarter. BlackRock Inc. now owns 14,358 shares of the company’s stock valued at $115,000 after buying an additional 1,928 shares in the last quarter. Finally, Creative Planning acquired a new stake in Ranger Energy Services in the second quarter worth about $132,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.
About Ranger Energy Services
Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; workover services, including retrieval and replacement of existing production tubing; well maintenance services comprising replacement of downhole artificial lift components; and decommissioning services consisting of plugging and abandonment services.
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