Ranger Energy Services Inc (NYSE:RNGR) has earned an average rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $10.60.

A number of equities analysts have weighed in on the stock. Wells Fargo & Co raised shares of Ranger Energy Services from a “market perform” rating to an “outperform” rating and raised their target price for the company from $8.00 to $11.00 in a research note on Friday, March 29th. ValuEngine downgraded shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Zacks Investment Research raised shares of Ranger Energy Services from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Wednesday, April 24th. Finally, Barclays reaffirmed a “buy” rating and set a $11.00 target price on shares of Ranger Energy Services in a research note on Sunday, May 5th.

In other news, CFO John Brandon Blossman purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were purchased at an average price of $6.88 per share, for a total transaction of $27,520.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Brc Partners Opportunity Fund, sold 22,100 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $7.50, for a total transaction of $165,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 8,500 shares of company stock valued at $61,495 and have sold 56,983 shares valued at $437,416. 4.86% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc grew its holdings 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 valued at $2,148,000 after buying an additional 14,832 shares during the last quarter. Vanguard Group Inc. grew its holdings 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 valued at $2,148,000 after buying an additional 14,832 shares during the last quarter. B. Riley Financial Inc. grew its holdings in shares of Ranger Energy Services by 1.2% during the fourth quarter. B. Riley Financial Inc. now owns 886,726 shares of the company’s stock valued at $4,584,000 after buying an additional 10,500 shares during the last quarter. CAPROCK Group Inc. grew its holdings in shares of Ranger Energy Services by 28.7% during the fourth quarter. CAPROCK Group Inc. now owns 12,868 shares of the company’s stock valued at $67,000 after buying an additional 2,868 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Ranger Energy Services during the fourth quarter valued at approximately $77,000. Hedge funds and other institutional investors own 28.12% of the company’s stock.

RNGR stock opened at $6.41 on Friday. Ranger Energy Services has a 1 year low of $4.70 and a 1 year high of $10.78. The stock has a market capitalization of $102.64 million, a P/E ratio of 14.24, a P/E/G ratio of 1.69 and a beta of 3.30. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 0.31.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.11. Ranger Energy Services had a net margin of 1.34% and a return on equity of 2.31%. The company had revenue of $88.30 million during the quarter, compared to the consensus estimate of $86.70 million. On average, equities analysts anticipate that Ranger Energy Services will post 0.81 earnings per share for the current fiscal year.

About Ranger Energy Services

Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; 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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Analyst Recommendations for Ranger Energy Services (NYSE:RNGR)

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