Ranger Energy Services (RNGR) Lifted to Sell at ValuEngine

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ValuEngine upgraded shares of Ranger Energy Services (NYSE:RNGR) from a strong sell rating to a sell rating in a report issued on Thursday.

RNGR has been the subject of several other reports. Zacks Investment Research downgraded Ranger Energy Services from a strong-buy rating to a hold rating in a research note on Wednesday, December 5th. Piper Jaffray Companies set a $13.00 target price on Ranger Energy Services and gave the stock a buy rating in a research note on Wednesday, October 3rd. B. Riley started coverage on Ranger Energy Services in a research note on Tuesday, November 20th. They set a buy rating and a $10.00 target price for the company. Finally, Wells Fargo & Co reduced their target price on Ranger Energy Services from $9.00 to $8.00 and set a market perform rating for the company in a research note on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $9.55.

Shares of NYSE:RNGR opened at $7.65 on Thursday. Ranger Energy Services has a 12-month low of $4.70 and a 12-month high of $11.39. The company has a market capitalization of $108.83 million, a price-to-earnings ratio of -9.81, a P/E/G ratio of 1.54 and a beta of 2.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.09. The company had revenue of $82.10 million during the quarter, compared to the consensus estimate of $79.85 million. Ranger Energy Services had a positive return on equity of 0.14% and a negative net margin of 2.76%. On average, sell-side analysts anticipate that Ranger Energy Services will post 0.28 EPS for the current year.

In other Ranger Energy Services news, Director William M. Austin bought 10,000 shares of Ranger Energy Services stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average cost of $8.08 per share, with a total value of $80,800.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 15,520 shares of company stock valued at $122,350. Corporate insiders own 4.33% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co acquired a new position in Ranger Energy Services in the 2nd quarter valued at $264,000. Millennium Management LLC acquired a new position in Ranger Energy Services in the 2nd quarter valued at $670,000. Vanguard Group Inc raised its stake in Ranger Energy Services by 6.1% in the 3rd quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock valued at $2,148,000 after purchasing an additional 14,832 shares during the last quarter. Vanguard Group Inc. raised its stake in Ranger Energy Services by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock valued at $2,148,000 after purchasing an additional 14,832 shares during the last quarter. Finally, B. Riley Financial Inc. raised its stake in Ranger Energy Services by 30.3% in the 2nd quarter. B. Riley Financial Inc. now owns 541,166 shares of the company’s stock valued at $4,962,000 after purchasing an additional 125,996 shares during the last quarter. 28.78% of the stock is owned by hedge funds and other institutional investors.

About Ranger Energy Services

Ranger Energy Services, Inc provides well service rigs and associated services in the United States. It operates through two segments, Well Services and Processing Solutions. The company offers well completion support srevices, such as milling out composite plugs used during hydraulic fracturing; 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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