Shares of Ranger Energy Services, Inc. (NYSE:RNGR) have received a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $17.25.
A number of analysts have recently commented on RNGR shares. Zacks Investment Research downgraded Ranger Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Credit Suisse Group reissued an “outperform” rating and issued a $11.00 price objective (down previously from $18.00) on shares of Ranger Energy Services in a research note on Tuesday, November 14th. Barclays dropped their price objective on Ranger Energy Services from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 14th. Piper Jaffray Companies started coverage on Ranger Energy Services in a research note on Tuesday, September 12th. They issued an “overweight” rating and a $18.00 price objective on the stock. Finally, Capital One Financial reissued an “overweight” rating and issued a $17.00 price objective on shares of Ranger Energy Services in a research note on Tuesday, September 12th.
An institutional investor recently bought a new position in Ranger Energy Services stock. Pentwater Capital Management LP purchased a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the company’s stock, valued at approximately $735,000. Pentwater Capital Management LP owned approximately 0.33% of Ranger Energy Services at the end of the most recent quarter. Institutional investors own 32.43% of the company’s stock.
Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings data on Thursday, November 9th. The company reported ($0.42) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.47). Ranger Energy Services had a negative return on equity of 14.10% and a negative net margin of 14.29%. The firm had revenue of $41.10 million during the quarter, compared to the consensus estimate of $43.84 million. Ranger Energy Services’s revenue was up 22.0% on a year-over-year basis. sell-side analysts predict that Ranger Energy Services will post -0.39 EPS for the current year.
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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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