Ranger Energy Services, Inc. $RNGR Stake Boosted by Hillsdale Investment Management Inc.

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

Other institutional investors and hedge funds also recently modified their holdings of the company. SummerHaven Investment Management LLC acquired a new stake in Ranger Energy Services during the third quarter worth about $968,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Ranger Energy Services during the second quarter valued at approximately $317,000. CSM Advisors LLC acquired a new stake in shares of Ranger Energy Services during the 2nd quarter worth approximately $3,691,000. Inspire Investing LLC bought a new stake in shares of Ranger Energy Services in the 3rd quarter worth approximately $1,040,000. Finally, Brandywine Global Investment Management LLC boosted its position in Ranger Energy Services by 27.0% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 21,390 shares of the company’s stock valued at $255,000 after purchasing an additional 4,550 shares during the period. 68.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Zacks Research raised Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Wall Street Zen cut shares of Ranger Energy Services from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ranger Energy Services in a research report on Monday, December 29th. Finally, Piper Sandler upgraded shares of Ranger Energy Services from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ranger Energy Services currently has an average rating of “Hold” and an average target price of $13.00.

Ranger Energy Services Stock Performance

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

About Ranger Energy Services

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.