Analysts expect Ranger Energy Services Inc (NYSE:RNGR) to report sales of $55.85 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ranger Energy Services’ earnings, with estimates ranging from $49.50 million to $62.20 million. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Ranger Energy Services will report full year sales of $55.85 million for the current fiscal year, with estimates ranging from $153.40 million to $174.00 million. For the next financial year, analysts anticipate that the business will post sales of $299.00 million per share, with estimates ranging from $288.00 million to $310.00 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Ranger Energy Services.
Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Thursday, November 9th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.47). The company had revenue of $41.10 million during the quarter, compared to analyst estimates of $43.84 million. Ranger Energy Services had a negative return on equity of 14.10% and a negative net margin of 14.29%. The business’s revenue for the quarter was up 22.0% on a year-over-year basis.
A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Credit Suisse Group restated an “outperform” rating and issued a $11.00 target price (down from $18.00) on shares of Ranger Energy Services in a report on Tuesday, November 14th. Finally, Barclays decreased their target price on Ranger Energy Services from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Ranger Energy Services has a consensus rating of “Buy” and an average price target of $17.25.
Shares of Ranger Energy Services (RNGR) traded up $0.13 during midday trading on Friday, hitting $10.27. The company had a trading volume of 24,398 shares, compared to its average volume of 47,520. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.26 and a current ratio of 1.26. Ranger Energy Services has a twelve month low of $8.48 and a twelve month high of $15.70.
A hedge fund recently bought a new stake in Ranger Energy Services stock. Alyeska Investment Group L.P. bought a new position in Ranger Energy Services Inc (NYSE:RNGR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,100 shares of the company’s stock, valued at approximately $384,000. Alyeska Investment Group L.P. owned 0.17% of Ranger Energy Services as of its most recent SEC filing. Institutional investors own 32.43% of the company’s stock.
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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