Ranger Energy Services (NYSE:RNGR) was upgraded by research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, The Fly reports.
A number of other analysts also recently issued reports on RNGR. Wells Fargo & Co dropped their price target on shares of Ranger Energy Services from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Barclays set a $7.00 price target on shares of Ranger Energy Services and gave the stock a “buy” rating in a research note on Friday, October 25th. ValuEngine cut shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Finally, Zacks Investment Research downgraded shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Ranger Energy Services presently has an average rating of “Hold” and a consensus target price of $8.19.
Ranger Energy Services stock opened at $7.20 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.12. Ranger Energy Services has a one year low of $4.70 and a one year high of $8.76. The stock has a market capitalization of $114.65 million, a PE ratio of 16.00 and a beta of 3.38. The business’s fifty day moving average is $5.99 and its 200 day moving average is $6.49.
Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings data on Thursday, October 24th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.25). Ranger Energy Services had a return on equity of 1.77% and a net margin of 1.02%. The business had revenue of $84.10 million during the quarter, compared to the consensus estimate of $89.65 million. As a group, sell-side analysts expect that Ranger Energy Services will post 0.28 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of RNGR. BlackRock Inc. boosted its position in Ranger Energy Services by 15.5% in the second quarter. BlackRock Inc. now owns 14,358 shares of the company’s stock worth $115,000 after purchasing an additional 1,928 shares during the last quarter. Private Capital Group LLC bought a new stake in shares of Ranger Energy Services during the 2nd quarter valued at about $32,000. Royal Bank of Canada boosted its stake in shares of Ranger Energy Services by 250,000.0% during the 2nd quarter. Royal Bank of Canada now owns 7,503 shares of the company’s stock worth $60,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of Ranger Energy Services in the 2nd quarter worth $132,000. 26.78% of the stock is currently owned by institutional investors.
Ranger Energy Services Company Profile
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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