Ranger Energy Services, Inc. (NYSE:RNGR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
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. “
A number of other equities research analysts also recently weighed in on the company. Evercore ISI started coverage on Ranger Energy Services in a research report on Tuesday, September 5th. They set an “outperform” rating and a $20.00 price objective on the stock. Howard Weil started coverage on Ranger Energy Services in a report on Tuesday, September 5th. They issued a “sector perform” rating and a $21.00 price target for the company. Piper Jaffray Companies started coverage on Ranger Energy Services in a report on Tuesday, September 12th. They issued an “overweight” rating and a $18.00 price target for the company. Capital One Financial Corporation reissued an “overweight” rating and issued a $17.00 price target on shares of Ranger Energy Services in a report on Tuesday, September 12th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $11.00 price target (down previously from $18.00) on shares of Ranger Energy Services in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Ranger Energy Services currently has a consensus rating of “Hold” and a consensus target price of $17.25.
Shares of Ranger Energy Services (NYSE RNGR) opened at $8.82 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.04. Ranger Energy Services has a 52 week low of $8.56 and a 52 week high of $15.70.
Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.47). Ranger Energy Services had a negative return on equity of 14.10% and a negative net margin of 14.29%. The firm had revenue of $41.10 million for the quarter, compared to the consensus estimate of $43.84 million. Ranger Energy Services’s revenue for the quarter was up 22.0% on a year-over-year basis. equities research analysts anticipate that Ranger Energy Services will post 0.08 EPS for the current year.
An institutional investor recently bought a new position in Ranger Energy Services stock. Alyeska Investment Group L.P. purchased a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 26,100 shares of the company’s stock, valued at approximately $384,000. Alyeska Investment Group L.P. owned approximately 0.17% of Ranger Energy Services at the end of the most recent quarter. Institutional investors and hedge funds own 0.10% of the company’s stock.
Ranger Energy Services Company Profile
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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