Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Update

Ranger Energy Services, Inc. (NYSE:RNGRGet Rating) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 6,100 shares, a decline of 40.8% from the April 30th total of 10,300 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 42,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional investors have recently made changes to their positions in the stock. State Street Corp bought a new position in shares of Ranger Energy Services during the fourth quarter valued at approximately $114,000. Raymond James & Associates bought a new position in shares of Ranger Energy Services during the fourth quarter valued at approximately $139,000. Millennium Management LLC bought a new position in shares of Ranger Energy Services during the fourth quarter valued at approximately $184,000. BlackRock Inc. grew its holdings in shares of Ranger Energy Services by 6.7% during the third quarter. BlackRock Inc. now owns 28,176 shares of the company’s stock valued at $259,000 after purchasing an additional 1,761 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ranger Energy Services by 11.7% during the third quarter. Geode Capital Management LLC now owns 28,545 shares of the company’s stock valued at $262,000 after purchasing an additional 2,990 shares during the last quarter. 92.40% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on RNGR shares. Piper Sandler lifted their target price on Ranger Energy Services from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 19th. Zacks Investment Research lowered Ranger Energy Services from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Barclays lifted their target price on Ranger Energy Services from $12.00 to $14.00 in a research report on Monday, May 2nd.

Ranger Energy Services stock traded up $0.08 during midday trading on Friday, hitting $10.86. The stock had a trading volume of 20,695 shares, compared to its average volume of 35,025. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.06. The stock has a market cap of $268.24 million, a P/E ratio of -25.86 and a beta of 1.68. Ranger Energy Services has a 12 month low of $6.65 and a 12 month high of $12.35. The business has a fifty day moving average price of $10.12 and a 200 day moving average price of $10.20.

Ranger Energy Services (NYSE:RNGRGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.40). The firm had revenue of $123.60 million during 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 10.58%. On average, equities analysts anticipate that Ranger Energy Services will post 1.09 EPS for the current fiscal year.

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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