Wells Fargo cut shares of Ranger Energy Services (NYSE:RNGR) from an outperform rating to a market perform rating in a research note published on Monday, March 12th, Marketbeat.com reports. Wells Fargo currently has $18.00 price objective on the stock.
Several other analysts have also commented on the stock. Credit Suisse Group restated an outperform rating and issued a $11.00 price objective (down from $18.00) on shares of Ranger Energy Services in a report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Ranger Energy Services from a strong sell rating to a hold rating in a report on Thursday, January 11th. Finally, Barclays lowered their price objective on shares of Ranger Energy Services from $16.00 to $12.00 and set an equal weight rating for the company in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Ranger Energy Services presently has an average rating of Hold and a consensus price target of $17.00.
Shares of RNGR stock opened at $7.93 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. Ranger Energy Services has a 1-year low of $7.74 and a 1-year high of $15.70.
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About Ranger Energy Services
Ranger Energy Services, Inc is an independent provider of high-specification (high-spec) well service rigs and associated services in the United States. The Company focuses on unconventional horizontal well completion and production operations. The Company operates through Well Services and Processing Solutions segment.
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