Barclays PLC Trims Ranger Energy Services, Inc. (RNGR) Target Price to $12.00
Ranger Energy Services, Inc. (NYSE:RNGR) had its price target lowered by Barclays PLC from $16.00 to $12.00 in a research note issued to investors on Tuesday morning. The firm currently has an equal weight rating on the stock.
Several other analysts have also recently commented on RNGR. Evercore ISI started coverage on Ranger Energy Services in a report on Tuesday, September 5th. They set an outperform rating and a $20.00 target price on the stock. Howard Weil assumed coverage on Ranger Energy Services in a report on Tuesday, September 5th. They issued a sector perform rating and a $21.00 price target on the stock. Credit Suisse Group assumed coverage on Ranger Energy Services in a report on Tuesday, September 5th. They issued an outperform rating and a $19.00 price target on the stock. Scotiabank reiterated a sector perform rating and issued a $21.00 price target on shares of Ranger Energy Services in a report on Tuesday, September 5th. Finally, Wells Fargo & Company assumed coverage on Ranger Energy Services in a report on Wednesday, September 6th. They issued an outperform rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $17.25.
Shares of Ranger Energy Services (NYSE RNGR) opened at $9.32 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.04. Ranger Energy Services has a 1-year low of $8.48 and a 1-year high of $15.70.
Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Thursday, November 9th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.47). The business had revenue of $41.10 million for the quarter, compared to the consensus estimate 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 business’s revenue was up 22.0% compared to the same quarter last year. equities analysts predict that Ranger Energy Services will post -0.39 earnings per share for the current year.
WARNING: This report was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/11/18/barclays-plc-trims-ranger-energy-services-inc-rngr-target-price-to-12-00.html.
An institutional investor recently bought a new position in Ranger Energy Services stock. Alyeska Investment Group L.P. purchased a new stake in Ranger Energy Services, Inc. (NYSE:RNGR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 26,100 shares of the company’s stock, valued at approximately $384,000. Alyeska Investment Group L.P. owned about 0.17% of Ranger Energy Services as of its most recent SEC filing. 0.10% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for Ranger Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ranger Energy Services Inc. and related stocks with our FREE daily email newsletter.