Ranger Energy Services Inc (RNGR) Research Coverage Started at Barclays PLC
Barclays PLC began coverage on shares of Ranger Energy Services Inc (NASDAQ:RNGR) in a research report report published on Tuesday morning. The brokerage issued an equal weight rating and a $16.00 target price on the stock.
Shares of Ranger Energy Services (NASDAQ RNGR) opened at 14.55 on Tuesday. The firm’s market capitalization is $122.41 million. The company has a 50 day moving average price of $13.80 and a 200-day moving average price of $13.80. Ranger Energy Services has a 12 month low of $13.50 and a 12 month high of $15.17.
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In related news, Director Merrill A. Miller, Jr. bought 6,896 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was bought at an average cost of $14.50 per share, for a total transaction of $99,992.00. Following the completion of the purchase, the director now directly owns 6,896 shares in the company, valued at approximately $99,992. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Energy Opportunity Gp I. L. Csl bought 612,069 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was bought at an average price of $14.50 per share, with a total value of $8,875,000.50. The disclosure for this purchase can be found here. Insiders purchased 620,005 shares of company stock valued at $8,990,073 over the last quarter.
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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