ValuEngine upgraded shares of Ranger Energy Services (NYSE:RNGR) from a strong sell rating to a sell rating in a research report sent to investors on Thursday morning.

Other analysts also recently issued reports about the stock. B. Riley initiated coverage on shares of Ranger Energy Services in a research report on Tuesday, November 20th. They issued a buy rating and a $10.00 price target on the stock. Piper Jaffray Companies set a $13.00 target price on Ranger Energy Services and gave the stock a buy rating in a research note on Wednesday, October 3rd. Zacks Investment Research raised Ranger Energy Services from a hold rating to a buy rating and set a $7.50 target price for the company in a research note on Thursday, November 8th. Finally, Wells Fargo & Co decreased their target price on shares of Ranger Energy Services from $9.00 to $8.00 and set a market perform rating for the company in a research note on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $9.55.

Ranger Energy Services stock traded up $0.30 during trading hours on Thursday, reaching $7.75. 631 shares of the company’s stock traded hands, compared to its average volume of 3,765. 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 fifty-two week low of $4.70 and a fifty-two week high of $11.39. The company has a market cap of $108.83 million, a PE ratio of -9.94, a PEG ratio of 1.54 and a beta of 2.53.

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

In other news, Director William M. Austin purchased 10,000 shares of Ranger Energy Services stock in a transaction dated Tuesday, November 13th. The shares were bought at an average cost of $8.08 per share, for a total transaction of $80,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders acquired 15,520 shares of company stock worth $122,350. Company insiders own 4.33% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co acquired a new position in shares of Ranger Energy Services in the second quarter worth approximately $264,000. Millennium Management LLC acquired a new position in shares of Ranger Energy Services in the second quarter worth approximately $670,000. Vanguard Group Inc lifted its stake in shares of Ranger Energy Services by 6.1% in the third 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 during the period. Vanguard Group Inc. lifted its stake in Ranger Energy Services by 6.1% in the third quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock valued at $2,148,000 after buying an additional 14,832 shares during the period. Finally, B. Riley Financial Inc. lifted its stake in Ranger Energy Services by 30.3% in the second quarter. B. Riley Financial Inc. now owns 541,166 shares of the company’s stock valued at $4,962,000 after buying an additional 125,996 shares during the period. 28.78% of the stock is currently owned by 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.

Read More: Do Tariffs Work?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Ranger Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ranger Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.