Ranger Energy Services Inc (NYSE:RNGR) – Stock analysts at Capital One Financial lifted their Q3 2018 earnings per share estimates for Ranger Energy Services in a research report issued on Wednesday. Capital One Financial analyst L. Lemoine now anticipates that the company will post earnings per share of $0.26 for the quarter, up from their previous estimate of $0.16. Capital One Financial also issued estimates for Ranger Energy Services’ FY2018 earnings at $0.48 EPS.
RNGR has been the topic of a number of other reports. Zacks Investment Research lowered Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Credit Suisse Group reissued an “outperform” rating and set a $11.00 target price (down from $18.00) on shares of Ranger Energy Services in a report on Tuesday, November 14th. Finally, Barclays decreased their target price on Ranger Energy Services from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Ranger Energy Services has a consensus rating of “Hold” and a consensus price target of $17.25.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Deutsche Bank AG grew its holdings in Ranger Energy Services by 148.0% in the 4th quarter. Deutsche Bank AG now owns 13,543 shares of the company’s stock valued at $124,000 after buying an additional 8,083 shares in the last quarter. Franklin Resources Inc. grew its holdings in Ranger Energy Services by 71.8% in the 4th quarter. Franklin Resources Inc. now owns 272,400 shares of the company’s stock valued at $2,514,000 after buying an additional 113,800 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in Ranger Energy Services by 32.5% in the 4th quarter. OppenheimerFunds Inc. now owns 30,249 shares of the company’s stock valued at $279,000 after buying an additional 7,425 shares in the last quarter. B. Riley Financial Inc. acquired a new position in Ranger Energy Services in the 4th quarter valued at $2,598,000. Finally, Royce & Associates LP grew its holdings in Ranger Energy Services by 712.8% in the 4th quarter. Royce & Associates LP now owns 186,614 shares of the company’s stock valued at $1,722,000 after buying an additional 163,654 shares in the last quarter. 30.84% of the stock is currently owned by hedge funds and other institutional investors.
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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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