Hillsdale Investment Management Inc. Boosts Holdings in Ranger Energy Services, Inc. $RNGR

Hillsdale Investment Management Inc. lifted its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 21.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 465,148 shares of the company’s stock after acquiring an additional 81,298 shares during the period. Hillsdale Investment Management Inc. owned 2.13% of Ranger Energy Services worth $6,531,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Encompass Capital Advisors LLC increased its position in Ranger Energy Services by 0.8% during the second quarter. Encompass Capital Advisors LLC now owns 1,513,284 shares of the company’s stock worth $18,069,000 after purchasing an additional 12,716 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Ranger Energy Services by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 845,875 shares of the company’s stock worth $11,876,000 after buying an additional 13,970 shares during the last quarter. American Century Companies Inc. raised its position in shares of Ranger Energy Services by 11.9% in the 2nd quarter. American Century Companies Inc. now owns 539,685 shares of the company’s stock worth $6,444,000 after buying an additional 57,313 shares during the period. JPMorgan Chase & Co. boosted its holdings in Ranger Energy Services by 2,718.0% in the second quarter. JPMorgan Chase & Co. now owns 434,306 shares of the company’s stock valued at $5,186,000 after acquiring an additional 418,894 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in Ranger Energy Services by 15.4% during the second quarter. Bridgeway Capital Management LLC now owns 414,921 shares of the company’s stock valued at $4,954,000 after acquiring an additional 55,240 shares during the period. 68.10% of the stock is owned by institutional investors and hedge funds.

Ranger Energy Services Price Performance

Ranger Energy Services stock opened at $16.89 on Friday. The firm’s fifty day moving average price is $15.02 and its 200 day moving average price is $14.08. The company has a market capitalization of $365.01 million, a price-to-earnings ratio of 25.99 and a beta of 0.19. Ranger Energy Services, Inc. has a 12-month low of $10.56 and a 12-month high of $18.03.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RNGR shares. Wall Street Zen downgraded Ranger Energy Services from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Piper Sandler upgraded shares of Ranger Energy Services from a “neutral” rating to an “overweight” rating in a report on Thursday, December 18th. Zacks Research raised shares of Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ranger Energy Services in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.00.

Ranger Energy Services Profile

Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.

Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.