Ranger Energy Services Inc (NYSE:RNGR)’s share price hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $7.16 and last traded at $7.30, with a volume of 35783 shares trading hands. The stock had previously closed at $7.27.
Several brokerages recently issued reports on RNGR. Piper Jaffray set a $12.00 price target on shares of Ranger Energy Services and gave the company a “buy” rating in a research report on Sunday, April 1st. Barclays set a $10.00 price target on shares of Ranger Energy Services and gave the company a “hold” rating in a research report on Wednesday, March 14th. Wells Fargo cut shares of Ranger Energy Services from an “outperform” rating to a “market perform” rating and set a $18.00 price target on the stock. in a research report on Monday, March 12th. Finally, Zacks Investment Research cut shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.25.
The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04.
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About Ranger Energy Services
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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