Ranger Energy Services, Inc. (NYSE:RNGR) Expected to Post Earnings of $0.21 Per Share

Brokerages predict that Ranger Energy Services, Inc. (NYSE:RNGRGet Rating) will post earnings per share (EPS) of $0.21 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Ranger Energy Services’ earnings. Ranger Energy Services reported earnings per share of ($0.59) during the same quarter last year, which would suggest a positive year over year growth rate of 135.6%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Ranger Energy Services will report full-year earnings of $1.09 per share for the current financial year. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Ranger Energy Services.

Ranger Energy Services (NYSE:RNGRGet Rating) last announced its quarterly 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). Ranger Energy Services had a net margin of 1.98% and a negative return on equity of 10.58%. The business had revenue of $123.60 million during the quarter, compared to analysts’ expectations of $128.10 million.

Several analysts have recently issued reports on RNGR shares. Piper Sandler upped their price objective on Ranger Energy Services from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays raised their price target on shares of Ranger Energy Services from $12.00 to $14.00 in a research note on Monday, May 2nd.

RNGR stock traded down $0.31 on Thursday, reaching $9.69. The company had a trading volume of 159 shares, compared to its average volume of 65,822. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.07 and a current ratio of 1.10. The company’s fifty day moving average is $10.19 and its 200 day moving average is $10.18. The company has a market cap of $239.34 million, a P/E ratio of -23.07 and a beta of 1.68. Ranger Energy Services has a 1 year low of $6.36 and a 1 year high of $12.35.

A number of institutional investors and hedge funds have recently bought and sold shares of RNGR. BlackRock Inc. grew its stake in shares of Ranger Energy Services by 6.7% during the 3rd quarter. BlackRock Inc. now owns 28,176 shares of the company’s stock valued at $259,000 after buying an additional 1,761 shares during the period. State Street Corp boosted its holdings in Ranger Energy Services by 20.5% in the first quarter. State Street Corp now owns 13,375 shares of the company’s stock valued at $137,000 after acquiring an additional 2,275 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Ranger Energy Services by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 31,080 shares of the company’s stock valued at $319,000 after acquiring an additional 2,535 shares during the last quarter. Vanguard Group Inc. grew its position in Ranger Energy Services by 2.0% during the first quarter. Vanguard Group Inc. now owns 259,651 shares of the company’s stock valued at $2,661,000 after acquiring an additional 5,051 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Ranger Energy Services by 14.8% during the first quarter. Dimensional Fund Advisors LP now owns 43,235 shares of the company’s stock worth $443,000 after acquiring an additional 5,565 shares during the last quarter. Institutional investors own 92.40% of the company’s stock.

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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