Ranger Energy Services Inc (RNGR) Expected to Announce Quarterly Sales of $55.85 Million

Brokerages expect Ranger Energy Services Inc (NYSE:RNGR) to announce $55.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Ranger Energy Services’ earnings, with the highest sales estimate coming in at $62.20 million and the lowest estimate coming in at $49.50 million. The company is expected to issue its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Ranger Energy Services will report full year sales of $55.85 million for the current financial year, with estimates ranging from $153.40 million to $174.00 million. For the next year, analysts forecast that the business will report sales of $299.00 million per share, with estimates ranging from $288.00 million to $310.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Ranger Energy Services.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Thursday, November 9th. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.47). The business had revenue of $41.10 million during the quarter, compared to analyst estimates of $43.84 million. Ranger Energy Services had a negative return on equity of 14.10% and a negative net margin of 14.29%. The firm’s revenue was up 22.0% compared to the same quarter last year.

A number of analysts recently issued reports on RNGR shares. Credit Suisse Group reissued an “outperform” rating and set a $11.00 price objective (down previously from $18.00) on shares of Ranger Energy Services in a research report on Tuesday, November 14th. Zacks Investment Research cut Ranger Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, Barclays reduced their price objective on Ranger Energy Services from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Ranger Energy Services presently has a consensus rating of “Buy” and an average price target of $17.25.

A hedge fund recently bought a new stake in Ranger Energy Services stock. Pentwater Capital Management LP purchased a new position in Ranger Energy Services Inc (NYSE:RNGR) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 50,000 shares of the company’s stock, valued at approximately $735,000. Pentwater Capital Management LP owned about 0.33% of Ranger Energy Services at the end of the most recent reporting period. 32.43% of the stock is owned by institutional investors and hedge funds.

Shares of Ranger Energy Services (NYSE RNGR) traded up $0.13 during trading on Friday, hitting $10.27. The stock had a trading volume of 24,398 shares, compared to its average volume of 47,520. Ranger Energy Services has a 1-year low of $8.48 and a 1-year high of $15.70. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.04.

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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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