Wall Street Zen Upgrades Ranger Energy Services (NYSE:RNGR) to “Buy”

Ranger Energy Services (NYSE:RNGRGet Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other research analysts have also commented on RNGR. Weiss Ratings restated a “hold (c)” rating on shares of Ranger Energy Services in a research note on Monday, December 29th. Zacks Research raised Ranger Energy Services from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Finally, Piper Sandler upgraded Ranger Energy Services from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Ranger Energy Services presently has a consensus rating of “Hold” and an average price target of $13.00.

Read Our Latest Research Report on RNGR

Ranger Energy Services Trading Down 3.1%

Shares of RNGR opened at $16.47 on Friday. The firm has a market cap of $355.92 million, a PE ratio of 30.50 and a beta of 0.15. The company’s 50 day simple moving average is $15.70 and its 200-day simple moving average is $14.40. Ranger Energy Services has a 12-month low of $10.56 and a 12-month high of $17.89.

Ranger Energy Services (NYSE:RNGRGet Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The business had revenue of $142.20 million during the quarter, compared to analysts’ expectations of $140.67 million. Ranger Energy Services had a net margin of 2.25% and a return on equity of 4.54%.

Institutional Investors Weigh In On Ranger Energy Services

A number of institutional investors have recently added to or reduced their stakes in RNGR. Encompass Capital Advisors LLC raised its stake in shares of Ranger Energy Services by 0.8% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,513,284 shares of the company’s stock worth $18,069,000 after buying an additional 12,716 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ranger Energy Services by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,231,460 shares of the company’s stock valued at $17,216,000 after buying an additional 37,503 shares in the last quarter. IES Holdings Inc. purchased a new stake in shares of Ranger Energy Services in the fourth quarter valued at approximately $15,201,000. Royce & Associates LP grew its holdings in Ranger Energy Services by 0.3% during the third quarter. Royce & Associates LP now owns 1,043,648 shares of the company’s stock worth $14,653,000 after acquiring an additional 3,046 shares during the period. Finally, Vanguard Group Inc. grew 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 acquiring an additional 13,970 shares during the period. Hedge funds and other institutional investors own 68.10% of the company’s stock.

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About Ranger Energy Services

(Get Free Report)

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.

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