Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Down 17.4% in April

Ranger Energy Services, Inc. (NYSE:RNGRGet Rating) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 21,300 shares, a decrease of 17.4% from the March 31st total of 25,800 shares. Based on an average daily volume of 37,800 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the company’s shares are short sold.

Several brokerages recently issued reports on RNGR. Barclays increased their price objective on Ranger Energy Services from $12.00 to $14.00 in a research note on Monday. Zacks Investment Research cut Ranger Energy Services from a “buy” rating to a “hold” rating in a research note on Tuesday, January 18th.

Shares of NYSE RNGR opened at $9.35 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $10.25 and its two-hundred day simple moving average is $10.21. Ranger Energy Services has a 12-month low of $5.33 and a 12-month high of $12.35.

Ranger Energy Services (NYSE:RNGRGet Rating) last announced its earnings results on Thursday, April 28th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.40). The company had revenue of $123.60 million for the quarter, compared to the consensus estimate of $128.10 million. Ranger Energy Services had a net margin of 1.98% and a negative return on equity of 11.14%. As a group, equities research analysts anticipate that Ranger Energy Services will post 1.09 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in RNGR. Royce & Associates LP boosted its position in Ranger Energy Services by 11.5% during the 4th quarter. Royce & Associates LP now owns 410,890 shares of the company’s stock valued at $4,220,000 after acquiring an additional 42,293 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Ranger Energy Services during the 4th quarter valued at $184,000. Raymond James & Associates purchased a new stake in shares of Ranger Energy Services during the 4th quarter valued at $139,000. State Street Corp purchased a new stake in shares of Ranger Energy Services during the 4th quarter valued at $114,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Ranger Energy Services by 25.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 37,670 shares of the company’s stock valued at $387,000 after purchasing an additional 7,594 shares during the last quarter. 92.40% of the stock is currently owned by institutional investors and hedge funds.

Ranger Energy Services Company Profile (Get Rating)

Ranger Energy Services, Inc provides onshore high specification well service rigs, wireline completion services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services.

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