Ranger Energy Services Inc (NYSE:RNGR) Given Consensus Recommendation of “Hold” by Analysts

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Shares of Ranger Energy Services Inc (NYSE:RNGR) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $8.00.

A number of research firms have recently weighed in on RNGR. Wells Fargo & Co lowered their price target on shares of Ranger Energy Services from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Zacks Investment Research cut shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Credit Suisse Group upgraded shares of Ranger Energy Services from a “neutral” rating to an “outperform” rating and raised their target price for the company from $7.00 to $8.00 in a research note on Tuesday, December 3rd. Barclays set a $7.00 price target on shares of Ranger Energy Services and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, ValuEngine downgraded Ranger Energy Services from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th.

Shares of NYSE RNGR opened at $6.56 on Tuesday. Ranger Energy Services has a 1-year low of $4.70 and a 1-year high of $8.76. The business has a fifty day moving average price of $6.16 and a 200 day moving average price of $6.49. The stock has a market capitalization of $111.21 million, a P/E ratio of 14.58 and a beta of 3.38. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.12.

Ranger Energy Services (NYSE:RNGR) last posted its earnings results on Thursday, October 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.25). The company had revenue of $84.10 million during the quarter, compared to analysts’ expectations of $89.65 million. Ranger Energy Services had a net margin of 1.02% and a return on equity of 1.77%. As a group, equities research analysts anticipate that Ranger Energy Services will post 0.28 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Ranger Energy Services by 15.5% during the second quarter. BlackRock Inc. now owns 14,358 shares of the company’s stock worth $115,000 after acquiring an additional 1,928 shares during the last quarter. Private Capital Group LLC purchased a new stake in Ranger Energy Services during the 2nd quarter worth approximately $32,000. Royal Bank of Canada grew its position in Ranger Energy Services by 250,000.0% during the 2nd quarter. Royal Bank of Canada now owns 7,503 shares of the company’s stock worth $60,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Creative Planning acquired a new position in Ranger Energy Services during the 2nd quarter valued at approximately $132,000. 26.78% of the stock is owned by institutional investors and hedge funds.

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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