Zacks: Brokerages Anticipate Ranger Energy Services Inc (NYSE:RNGR) to Post $0.23 EPS

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Equities research analysts expect Ranger Energy Services Inc (NYSE:RNGR) to post $0.23 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Ranger Energy Services’ earnings. Ranger Energy Services posted earnings per share of ($0.08) in the same quarter last year, which would indicate a positive year over year growth rate of 387.5%. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, July 25th.

On average, analysts expect that Ranger Energy Services will report full year earnings of $0.82 per share for the current year, with EPS estimates ranging from $0.73 to $0.91. For the next financial year, analysts forecast that the company will post earnings of $0.95 per share, with EPS estimates ranging from $0.51 to $1.49. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Ranger Energy Services.

Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Tuesday, April 30th. The company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.11. Ranger Energy Services had a return on equity of 2.31% and a net margin of 1.34%. The firm had revenue of $88.30 million for the quarter, compared to analysts’ expectations of $86.70 million.

Several brokerages recently commented on RNGR. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Wells Fargo & Co began coverage on Propetro in a report on Friday, March 29th. They set an “outperform” rating on the stock. ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Finally, Barclays reissued a “buy” rating on shares of NXP Semiconductors in a report on Sunday, May 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $10.29.

NYSE:RNGR traded up $0.23 during midday trading on Wednesday, hitting $7.20. 290 shares of the stock were exchanged, compared to its average volume of 7,189. Ranger Energy Services has a one year low of $4.70 and a one year high of $10.63. The company has a market cap of $107.43 million, a P/E ratio of 16.00 and a beta of 3.32. The company’s 50-day moving average price is $7.02. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.13 and a quick ratio of 1.04.

In other Ranger Energy Services news, major shareholder Brc Partners Opportunity Fund, sold 8,772 shares of Ranger Energy Services stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $7.55, for a total value of $66,228.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John Brandon Blossman purchased 7,500 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $6.35 per share, for a total transaction of $47,625.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 52,069 shares of company stock worth $396,679. 4.86% of the stock is currently owned by company insiders.

An institutional investor recently bought a new position in Ranger Energy Services stock. Dimensional Fund Advisors LP purchased a new position in Ranger Energy Services Inc (NYSE:RNGR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,854 shares of the company’s stock, valued at approximately $77,000. Dimensional Fund Advisors LP owned about 0.09% of Ranger Energy Services as of its most recent filing with the Securities & Exchange Commission. 28.21% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; workover services, including retrieval and replacement of existing production tubing; well maintenance services comprising replacement of downhole artificial lift components; and decommissioning services consisting of plugging and abandonment services.

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