Short Interest in Ranger Energy Services, Inc. (NYSE:RNGR) Declines By 51.6%

Ranger Energy Services, Inc. (NYSE:RNGRGet Rating) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 10,300 shares, a decline of 51.6% from the April 15th total of 21,300 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 41,000 shares, the short-interest ratio is currently 0.3 days.

NYSE RNGR traded up $0.15 on Friday, reaching $9.81. The company had a trading volume of 15,054 shares, compared to its average volume of 66,951. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 1.07. Ranger Energy Services has a 1-year low of $5.96 and a 1-year high of $12.35. The company’s fifty day moving average is $10.21 and its 200-day moving average is $10.18.

Ranger Energy Services (NYSE:RNGRGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.40). Ranger Energy Services had a negative return on equity of 10.58% and a net margin of 1.98%. The business had revenue of $123.60 million for the quarter, compared to analyst estimates of $128.10 million. Research analysts predict that Ranger Energy Services will post 1.09 earnings per share for the current fiscal year.

RNGR has been the subject of several research analyst reports. Zacks Investment Research cut shares of Ranger Energy Services from a “buy” rating to a “hold” rating in a research report on Tuesday, January 18th. Barclays boosted their price objective on shares of Ranger Energy Services from $12.00 to $14.00 in a research report on Monday, May 2nd.

Several institutional investors have recently bought and sold shares of RNGR. BlackRock Inc. boosted its stake in shares of Ranger Energy Services by 6.7% during the 3rd quarter. BlackRock Inc. now owns 28,176 shares of the company’s stock worth $259,000 after acquiring an additional 1,761 shares during the period. Geode Capital Management LLC boosted its stake in shares of Ranger Energy Services by 11.7% during the 3rd quarter. Geode Capital Management LLC now owns 28,545 shares of the company’s stock worth $262,000 after acquiring an additional 2,990 shares during the period. Royce & Associates LP boosted its stake in shares of Ranger Energy Services by 11.5% during the 4th quarter. Royce & Associates LP now owns 410,890 shares of the company’s stock worth $4,220,000 after acquiring an additional 42,293 shares during the period. Raymond James & Associates bought a new position in shares of Ranger Energy Services during the 4th quarter worth approximately $139,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ranger Energy Services by 25.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 37,670 shares of the company’s stock worth $387,000 after acquiring an additional 7,594 shares during the period. Institutional investors own 92.40% of the company’s stock.

Ranger Energy Services Company Profile (Get Rating)

Ranger Energy Services, Inc provides onshore high specification well service rigs, wireline completion services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services.

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