Ranger Energy Services (NYSE:RNGR) has been assigned a $7.00 price objective by analysts at Barclays in a research report issued to clients and investors on Friday, TipRanks reports. The brokerage currently has a “buy” rating on the stock. Barclays‘s price target would suggest a potential upside of 40.56% from the company’s previous close.
Several other research firms have also recently weighed in on RNGR. Wells Fargo & Co lowered their price objective on shares of Ranger Energy Services from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Thursday, September 12th. ValuEngine upgraded shares of Ranger Energy Services from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Zacks Investment Research cut shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $8.55.
Shares of Ranger Energy Services stock traded up $0.21 on Friday, hitting $4.98. 1,000 shares of the company traded hands, compared to its average volume of 4,041. The firm’s 50-day simple moving average is $6.24 and its 200 day simple moving average is $6.79. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The company has a market cap of $77.14 million, a P/E ratio of 11.02 and a beta of 3.27. Ranger Energy Services has a 12-month low of $4.70 and a 12-month high of $8.76.
Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings data on Thursday, October 24th. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.25). The company had revenue of $84.10 million for the quarter, compared to analysts’ expectations of $89.65 million. Ranger Energy Services had a net margin of 1.02% and a return on equity of 1.78%. Analysts predict that Ranger Energy Services will post 0.69 earnings per share for the current year.
A number of large investors have recently modified their holdings of RNGR. Creative Planning purchased a new position in Ranger Energy Services in the 2nd quarter worth $132,000. Royal Bank of Canada raised its position in Ranger Energy Services by 250,000.0% in the 2nd quarter. Royal Bank of Canada now owns 7,503 shares of the company’s stock worth $60,000 after purchasing an additional 7,500 shares during the period. Private Capital Group LLC purchased a new position in Ranger Energy Services in the 2nd quarter worth $32,000. Finally, BlackRock Inc. raised its position in Ranger Energy Services by 15.5% in the 2nd quarter. BlackRock Inc. now owns 14,358 shares of the company’s stock worth $115,000 after purchasing an additional 1,928 shares during the period. Institutional investors own 26.76% of the company’s stock.
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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