Ranger Energy Services (RNGR) – Research Analysts’ Recent Ratings Changes

Ranger Energy Services (NYSE: RNGR) has recently received a number of price target changes and ratings updates:

  • 5/16/2018 – Ranger Energy Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “
  • 5/15/2018 – Ranger Energy Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.25 price target on the stock. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “
  • 5/9/2018 – Ranger Energy Services was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “
  • 5/1/2018 – Ranger Energy Services was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “
  • 4/1/2018 – Ranger Energy Services was given a new $12.00 price target on by analysts at Piper Jaffray. They now have a “buy” rating on the stock.

Shares of Ranger Energy Services stock opened at $8.53 on Friday. Ranger Energy Services has a 1 year low of $8.49 and a 1 year high of $8.53. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The firm has a market cap of $129.87 million and a price-to-earnings ratio of -10.94.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Tuesday, March 6th. The company reported ($0.36) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.32). The firm had revenue of $50.10 million during the quarter, compared to analysts’ expectations of $47.05 million. Ranger Energy Services had a negative net margin of 9.75% and a negative return on equity of 6.16%. research analysts forecast that Ranger Energy Services will post 0.39 EPS for the current year.

Several large investors have recently modified their holdings of the company. Deutsche Bank AG lifted its stake in shares of Ranger Energy Services by 148.0% in the fourth quarter. Deutsche Bank AG now owns 13,543 shares of the company’s stock valued at $124,000 after purchasing an additional 8,083 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Ranger Energy Services in the fourth quarter valued at about $127,000. OppenheimerFunds Inc. lifted its stake in shares of Ranger Energy Services by 32.5% in the fourth quarter. OppenheimerFunds Inc. now owns 30,249 shares of the company’s stock valued at $279,000 after purchasing an additional 7,425 shares during the period. Royce & Associates LP lifted its stake in shares of Ranger Energy Services by 712.8% in the fourth quarter. Royce & Associates LP now owns 186,614 shares of the company’s stock valued at $1,722,000 after purchasing an additional 163,654 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Ranger Energy Services by 71.8% in the fourth quarter. Franklin Resources Inc. now owns 272,400 shares of the company’s stock valued at $2,514,000 after purchasing an additional 113,800 shares during the period. 32.05% of the stock is currently owned by institutional investors and hedge funds.

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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