Ranger Energy Services Inc (NYSE:RNGR) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 8,100 shares, a growth of 15.7% from the January 15th total of 7,000 shares. Based on an average daily volume of 15,000 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

A number of research firms have recently commented on RNGR. Credit Suisse Group upgraded Ranger Energy Services from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $7.00 to $8.00 in a research note on Tuesday, December 3rd. B. Riley reiterated a “buy” rating and issued a $9.00 price objective on shares of Ranger Energy Services in a research note on Thursday, December 12th. Barclays set a $7.00 price objective on Ranger Energy Services and gave the stock a “buy” rating in a research note on Friday, October 25th. ValuEngine upgraded Ranger Energy Services from a “strong sell” rating to a “sell” rating in a research note on Monday, December 30th. Finally, Zacks Investment Research upgraded Ranger Energy Services from a “strong sell” rating to a “buy” rating and set a $7.25 price objective on the stock in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Ranger Energy Services presently has an average rating of “Buy” and a consensus target price of $8.05.

RNGR traded down $0.16 on Friday, hitting $6.84. 3,085 shares of the stock traded hands, compared to its average volume of 15,409. Ranger Energy Services has a 52 week low of $4.77 and a 52 week high of $8.76. The company has a current ratio of 1.16, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $109.49 million, a PE ratio of 18.49 and a beta of 3.27. The business has a fifty day moving average price of $7.05 and a two-hundred day moving average price of $6.53.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royce & Associates LP increased its stake in Ranger Energy Services by 28.6% during the fourth quarter. Royce & Associates LP now owns 706,889 shares of the company’s stock valued at $4,552,000 after acquiring an additional 157,103 shares during the period. Franklin Resources Inc. increased its stake in Ranger Energy Services by 14.6% during the fourth quarter. Franklin Resources Inc. now owns 295,745 shares of the company’s stock valued at $1,905,000 after acquiring an additional 37,700 shares during the period. Renaissance Technologies LLC increased its stake in Ranger Energy Services by 18.0% during the fourth quarter. Renaissance Technologies LLC now owns 29,486 shares of the company’s stock valued at $190,000 after acquiring an additional 4,500 shares during the period. BlackRock Inc. increased its stake in Ranger Energy Services by 15.5% during the second quarter. BlackRock Inc. now owns 14,358 shares of the company’s stock valued at $115,000 after acquiring an additional 1,928 shares during the period. Finally, Royal Bank of Canada increased its stake in Ranger Energy Services by 250,000.0% during the second quarter. Royal Bank of Canada now owns 7,503 shares of the company’s stock valued at $60,000 after acquiring an additional 7,500 shares during the period. Hedge funds and other institutional investors own 26.78% of the company’s stock.

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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