Zacks Investment Research downgraded shares of Ranger Energy Services (NYSE:RNGR) from a hold rating to a sell rating in a research report released on Thursday morning, Zacks.com reports.

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. “

Other research analysts also recently issued reports about the stock. ValuEngine upgraded shares of Zogenix from a buy rating to a strong-buy rating in a report on Thursday, June 27th. Barclays reiterated a buy rating on shares of NXP Semiconductors in a report on Sunday, May 5th. Finally, Wells Fargo & Co started coverage on shares of Propetro in a report on Friday, March 29th. They set an outperform rating for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $10.29.

Shares of RNGR opened at $7.90 on Thursday. Ranger Energy Services has a one year low of $4.70 and a one year high of $10.74. The firm has a market capitalization of $121.76 million, a P/E ratio of 17.56 and a beta of 3.32. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average price is $6.84.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.21 EPS for the quarter, beating the 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 business had revenue of $88.30 million during the quarter, compared to the consensus estimate of $86.70 million. Equities analysts expect that Ranger Energy Services will post 0.82 earnings per share for the current year.

In other Ranger Energy Services news, major shareholder Brc Partners Opportunity Fund, sold 8,772 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $7.55, for a total transaction of $66,228.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO John Brandon Blossman purchased 7,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were purchased at an average cost of $6.35 per share, for a total transaction of $47,625.00. The disclosure for this purchase can be found here. In the last three months, insiders sold 52,069 shares of company stock worth $396,679. 4.86% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in Ranger Energy Services stock. Dimensional Fund Advisors LP purchased a new stake in shares of Ranger Energy Services Inc (NYSE:RNGR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,854 shares of the company’s stock, valued at approximately $77,000. Dimensional Fund Advisors LP owned about 0.09% of Ranger Energy Services at the end of the most recent quarter. 28.21% of the stock is currently owned by hedge funds and other institutional investors.

Ranger Energy Services Company Profile

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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