Ranger Energy Services (RNGR) Reaches New 12-Month High and Low at $7.16

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.

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The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. OppenheimerFunds Inc. increased its position in shares of Ranger Energy Services by 32.5% during the fourth quarter. OppenheimerFunds Inc. now owns 30,249 shares of the company’s stock valued at $279,000 after buying an additional 7,425 shares during the period. Deutsche Bank AG grew its holdings in Ranger Energy Services by 148.0% in the fourth quarter. Deutsche Bank AG now owns 13,543 shares of the company’s stock worth $124,000 after purchasing an additional 8,083 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Ranger Energy Services in the fourth quarter worth about $127,000. BlackRock Inc. grew its holdings in Ranger Energy Services by 5.5% in the fourth quarter. BlackRock Inc. now owns 280,066 shares of the company’s stock worth $2,585,000 after purchasing an additional 14,725 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in Ranger Energy Services in the third quarter worth about $384,000. Institutional investors own 31.17% of the company’s stock.

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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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