Shares of Ranger Energy Services Inc (NYSE:RNGR) have received an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $6.80.

RNGR has been the topic of several recent research reports. Piper Sandler cut shares of Ranger Energy Services from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $10.00 to $6.00 in a research note on Tuesday, April 14th. ValuEngine upgraded shares of Ranger Energy Services from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. Barclays cut shares of Ranger Energy Services from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $8.50 to $5.00 in a research note on Thursday, March 19th. B. Riley cut shares of Ranger Energy Services from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $9.00 to $6.00 in a research note on Tuesday, March 17th. Finally, Zacks Investment Research upgraded shares of Ranger Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, June 17th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RNGR. Franklin Resources Inc. raised its stake in Ranger Energy Services by 14.6% during the 4th quarter. Franklin Resources Inc. now owns 295,745 shares of the company’s stock worth $1,905,000 after acquiring an additional 37,700 shares during the period. Renaissance Technologies LLC raised its stake in Ranger Energy Services by 18.0% during the 4th quarter. Renaissance Technologies LLC now owns 29,486 shares of the company’s stock worth $190,000 after acquiring an additional 4,500 shares during the period. Finally, UBS Group AG raised its stake in Ranger Energy Services by 58.6% during the 4th quarter. UBS Group AG now owns 4,757 shares of the company’s stock worth $30,000 after acquiring an additional 1,757 shares during the period. Institutional investors own 26.92% of the company’s stock.

RNGR traded down $0.02 during midday trading on Friday, hitting $2.64. 2,307 shares of the company traded hands, compared to its average volume of 45,583. The company has a quick ratio of 0.85, a current ratio of 0.91 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $41.73 million, a PE ratio of 13.82 and a beta of 2.30. The company’s 50-day moving average is $3.36 and its 200 day moving average is $5.16. Ranger Energy Services has a 52 week low of $2.48 and a 52 week high of $8.11.

Ranger Energy Services (NYSE:RNGR) last posted its earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The business had revenue of $81.00 million for the quarter, compared to analysts’ expectations of $77.40 million. Ranger Energy Services had a net margin of 0.58% and a return on equity of 0.04%. On average, sell-side analysts predict that Ranger Energy Services will post -1.44 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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