Piper Jaffray Companies began coverage on shares of Ranger Energy Services Inc (NASDAQ:RNGR) in a research report sent to investors on Tuesday. The firm issued an overweight rating and a $18.00 price target on the stock.

Several other research firms also recently weighed in on RNGR. Credit Suisse Group started coverage on Ranger Energy Services in a report on Tuesday, September 5th. They set an outperform rating and a $19.00 price objective on the stock. Wells Fargo & Company started coverage on Ranger Energy Services in a report on Wednesday, September 6th. They set an outperform rating and a $18.00 price objective on the stock. Barclays PLC started coverage on Ranger Energy Services in a report on Tuesday, September 5th. They set an equal weight rating and a $16.00 price objective on the stock. Scotiabank reissued a sector perform rating and set a $21.00 price objective on shares of Ranger Energy Services in a report on Tuesday, September 5th. Finally, Howard Weil started coverage on Ranger Energy Services in a report on Tuesday, September 5th. They set a sector perform rating and a $21.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $18.75.

Shares of Ranger Energy Services (NASDAQ RNGR) opened at 14.20 on Tuesday. The company’s market cap is $119.46 million. Ranger Energy Services has a 52-week low of $13.50 and a 52-week high of $15.17. The stock’s 50 day moving average price is $13.81 and its 200-day moving average price is $13.81.

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In related news, major shareholder Energy Opportunity Gp I. L. Csl bought 612,069 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $14.50 per share, with a total value of $8,875,000.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Merrill A. Miller, Jr. bought 6,896 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were bought at an average cost of $14.50 per share, for a total transaction of $99,992.00. Following the completion of the acquisition, the director now directly owns 6,896 shares in the company, valued at approximately $99,992. The disclosure for this purchase can be found here. Insiders have acquired a total of 620,005 shares of company stock worth $8,990,073 over the last ninety days.

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.

Analyst Recommendations for Ranger Energy Services (NASDAQ:RNGR)

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