Zacks Investment Research upgraded shares of Ranger Energy Services (NYSE:RNGR) from a hold rating to a buy rating in a report published on Tuesday morning. Zacks Investment Research currently has $6.75 target price on the stock.

According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “

Several other analysts have also weighed in on RNGR. ValuEngine lowered shares of Ranger Energy Services from a sell rating to a strong sell rating in a report on Wednesday, January 2nd. B. Riley assumed coverage on shares of Ranger Energy Services in a report on Tuesday, November 20th. They issued a buy rating and a $10.00 price target for the company. Piper Jaffray Companies set a $13.00 price target on shares of Ranger Energy Services and gave the company a buy rating in a report on Wednesday, October 3rd. Finally, Wells Fargo & Co lowered their price target on shares of 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Ranger Energy Services currently has a consensus rating of Hold and an average target price of $9.55.

Shares of NYSE RNGR traded up $0.11 during mid-day trading on Tuesday, hitting $7.56. 131 shares of the stock were exchanged, compared to its average volume of 3,765. The firm has a market cap of $108.83 million, a price-to-earnings ratio of -9.56, a PEG ratio of 1.54 and a beta of 2.53. 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 twelve month low of $4.70 and a twelve month high of $11.39.

Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings data on Tuesday, November 6th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.09. The company had revenue of $82.10 million during the quarter, compared to analyst estimates of $79.85 million. Ranger Energy Services had a negative net margin of 2.76% and a positive return on equity of 0.14%. On average, analysts forecast that Ranger Energy Services will post 0.28 earnings per share for the current year.

In related news, Director William M. Austin purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The stock was acquired at an average price of $8.08 per share, with a total value of $80,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders purchased 15,520 shares of company stock valued at $122,350. 4.33% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. B. Riley Financial Inc. boosted its position in shares of Ranger Energy Services by 61.9% during the third quarter. B. Riley Financial Inc. now owns 876,226 shares of the company’s stock worth $7,343,000 after purchasing an additional 335,060 shares in the last quarter. FMR LLC boosted its position in shares of Ranger Energy Services by 1.7% during the third quarter. FMR LLC now owns 781,042 shares of the company’s stock worth $6,545,000 after purchasing an additional 13,415 shares in the last quarter. Royce & Associates LP boosted its position in shares of Ranger Energy Services by 3.1% during the third quarter. Royce & Associates LP now owns 621,197 shares of the company’s stock worth $5,206,000 after purchasing an additional 18,407 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Ranger Energy Services by 6.1% during the third quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock worth $2,148,000 after purchasing an additional 14,832 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Ranger Energy Services by 6.1% during the third quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock worth $2,148,000 after purchasing an additional 14,832 shares in 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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