Ranger Energy Services (NYSE:RNGR) Stock Price Up 2.4% – Should You Buy?

Ranger Energy Services, Inc. (NYSE:RNGR)’s stock price shot up 2.4% during trading on Monday . The company traded as high as $15.67 and last traded at $15.6530. 178,581 shares were traded during trading, an increase of 4% from the average session volume of 171,699 shares. The stock had previously closed at $15.28.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RNGR shares. Weiss Ratings restated a “hold (c)” rating on shares of Ranger Energy Services in a report on Friday, March 27th. Piper Sandler lifted their target price on Ranger Energy Services from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Zacks Research lowered Ranger Energy Services from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen raised Ranger Energy Services from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Ranger Energy Services Trading Up 2.4%

The stock’s 50-day moving average price is $16.40 and its 200-day moving average price is $15.93. The stock has a market cap of $371.92 million, a price-to-earnings ratio of 24.85 and a beta of 0.12.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Monday, April 27th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $159.10 million during the quarter, compared to analyst estimates of $156.20 million. Ranger Energy Services had a net margin of 2.58% and a return on equity of 5.12%. As a group, analysts predict that Ranger Energy Services, Inc. will post 1.13 earnings per share for the current year.

Ranger Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 8th. Ranger Energy Services’s payout ratio is currently 38.10%.

Institutional Investors Weigh In On Ranger Energy Services

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in Ranger Energy Services by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,273,108 shares of the company’s stock worth $21,822,000 after purchasing an additional 41,648 shares in the last quarter. IES Holdings Inc. bought a new position in shares of Ranger Energy Services during the 4th quarter worth approximately $15,201,000. Royce & Associates LP grew its position in shares of Ranger Energy Services by 0.3% during the 3rd quarter. Royce & Associates LP now owns 1,043,648 shares of the company’s stock worth $14,653,000 after buying an additional 3,046 shares during the period. Vanguard Group Inc. raised its holdings in Ranger Energy Services by 1.7% during the third 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. Finally, AQR Capital Management LLC raised its holdings in Ranger Energy Services by 44.4% during the fourth quarter. AQR Capital Management LLC now owns 580,611 shares of the company’s stock worth $8,117,000 after buying an additional 178,486 shares during the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.

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.