Brokerages Set Ranger Energy Services Inc (RNGR) PT at $9.55

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Shares of Ranger Energy Services Inc (NYSE:RNGR) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $9.55.

RNGR has been the subject of a number of research analyst reports. Zacks Investment Research cut Ranger Energy Services from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Capital One Financial cut Ranger Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 16th. Wells Fargo & Co lowered their price target on Ranger Energy Services from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Thursday, November 8th. ValuEngine cut Ranger Energy Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Finally, B. Riley initiated coverage on Ranger Energy Services in a report on Tuesday, November 20th. They set a “buy” rating and a $10.00 price target for the company.

A number of institutional investors and hedge funds have recently bought and sold shares of RNGR. Millennium Management LLC acquired a new position in Ranger Energy Services during the 2nd quarter worth about $670,000. FMR LLC lifted its stake in Ranger Energy Services by 1.7% during the 3rd quarter. FMR LLC now owns 781,042 shares of the company’s stock worth $6,545,000 after acquiring an additional 13,415 shares in the last quarter. Royce & Associates LP lifted its stake in Ranger Energy Services by 3.1% during the 3rd quarter. Royce & Associates LP now owns 621,197 shares of the company’s stock worth $5,206,000 after acquiring an additional 18,407 shares in the last quarter. B. Riley Financial Inc. lifted its stake in Ranger Energy Services by 61.9% during the 3rd quarter. B. Riley Financial Inc. now owns 876,226 shares of the company’s stock worth $7,343,000 after acquiring an additional 335,060 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Ranger Energy Services by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock worth $2,148,000 after acquiring an additional 14,832 shares in the last quarter. 28.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE RNGR traded up $0.20 during mid-day trading on Wednesday, reaching $7.95. 5,511 shares of the company’s stock were exchanged, compared to its average volume of 4,259. The stock has a market cap of $125.83 million, a PE ratio of -10.19, a P/E/G ratio of 1.94 and a beta of 3.61. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. Ranger Energy Services has a 52-week low of $4.70 and a 52-week high of $10.78.

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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Analyst Recommendations for Ranger Energy Services (NYSE:RNGR)

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