Equities research analysts predict that Ranger Energy Services Inc (NYSE:RNGR) will announce earnings of $0.21 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ranger Energy Services’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.33. Ranger Energy Services reported earnings per share of ($0.08) in the same quarter last year, which suggests a positive year-over-year growth rate of 362.5%. The business is expected to announce its next quarterly earnings report on Tuesday, August 6th.
On average, analysts expect that Ranger Energy Services will report full year earnings of $0.81 per share for the current year, with EPS estimates ranging from $0.52 to $1.28. For the next financial year, analysts anticipate that the firm will post earnings of $1.18 per share, with EPS estimates ranging from $0.79 to $1.51. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Ranger Energy Services.
Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Tuesday, April 30th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.11. The business had revenue of $88.30 million during the quarter, compared to the consensus estimate of $86.70 million. Ranger Energy Services had a net margin of 1.34% and a return on equity of 2.31%.
RNGR has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Ranger Energy Services from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research note on Wednesday, April 17th. Barclays reaffirmed a “buy” rating and issued a $11.00 price target on shares of Ranger Energy Services in a report on Sunday, May 5th. Capital One Financial cut shares of Ranger Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 16th. ValuEngine raised shares of Ranger Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Credit Suisse Group set a $8.00 price target on shares of Ranger Energy Services and gave the company a “hold” rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ranger Energy Services presently has a consensus rating of “Buy” and an average price target of $10.29.
Shares of RNGR stock traded down $0.16 on Thursday, hitting $7.21. The stock had a trading volume of 17,101 shares, compared to its average volume of 8,616. The company has a market capitalization of $112.98 million, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.82 and a beta of 3.30. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. Ranger Energy Services has a 52-week low of $4.70 and a 52-week high of $10.78.
In other Ranger Energy Services news, major shareholder Brc Partners Opportunity Fund, sold 4,914 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $8.29, for a total transaction of $40,737.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John Brandon Blossman bought 4,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were acquired at an average cost of $6.88 per share, for a total transaction of $27,520.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 8,500 shares of company stock worth $61,495 and sold 56,983 shares worth $437,416. Corporate insiders own 4.86% of the company’s stock.
Large investors have recently modified their holdings of the business. CAPROCK Group Inc. raised its holdings in shares of Ranger Energy Services by 28.7% during the fourth quarter. CAPROCK Group Inc. now owns 12,868 shares of the company’s stock worth $67,000 after purchasing an additional 2,868 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of Ranger Energy Services during the fourth quarter worth $77,000. Morgan Stanley raised its holdings in shares of Ranger Energy Services by 520.9% during the first quarter. Morgan Stanley now owns 11,760 shares of the company’s stock worth $94,000 after purchasing an additional 9,866 shares during the period. Vanguard Group Inc raised its holdings in shares of Ranger Energy Services by 6.1% during the third quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock worth $2,148,000 after purchasing an additional 14,832 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Ranger Energy Services by 6.1% during the third quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock worth $2,148,000 after purchasing an additional 14,832 shares during the period. 28.76% of the stock is currently owned by institutional investors.
Ranger Energy Services Company Profile
Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; workover services, including retrieval and replacement of existing production tubing; well maintenance services comprising replacement of downhole artificial lift components; and decommissioning services consisting of plugging and abandonment services.
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