Brokerages expect that Ranger Energy Services Inc (NYSE:RNGR) will post $88.80 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Ranger Energy Services’ earnings, with estimates ranging from $87.00 million to $92.20 million. Ranger Energy Services posted sales of $82.10 million in the same quarter last year, which suggests a positive year over year growth rate of 8.2%. The company is expected to issue its next earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Ranger Energy Services will report full-year sales of $346.97 million for the current financial year, with estimates ranging from $339.00 million to $358.80 million. For the next financial year, analysts expect that the company will post sales of $354.03 million, with estimates ranging from $333.40 million to $387.30 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 posted its earnings results on Thursday, July 25th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.12). Ranger Energy Services had a return on equity of 3.13% and a net margin of 1.79%. The business had revenue of $84.30 million for the quarter, compared to analysts’ expectations of $91.73 million.
A number of equities analysts have recently issued reports on RNGR shares. Zacks Investment Research upgraded Ranger Energy Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 31st. Barclays reiterated a “buy” rating and issued a $11.00 price objective on shares of Ranger Energy Services in a report on Sunday, May 5th. Finally, ValuEngine upgraded Ranger Energy Services from a “strong sell” rating to a “sell” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $10.29.
Shares of RNGR traded down $0.26 during midday trading on Friday, reaching $6.60. The stock had a trading volume of 11,127 shares, compared to its average volume of 9,246. The company’s 50-day moving average is $7.03 and its 200 day moving average is $7.17. Ranger Energy Services has a 12-month low of $4.70 and a 12-month high of $8.82. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $104.39 million, a price-to-earnings ratio of 14.67 and a beta of 3.30.
In other news, CFO John Brandon Blossman acquired 7,500 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average cost of $6.35 per share, for a total transaction of $47,625.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.86% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP purchased a new stake in Ranger Energy Services during the 4th quarter valued at about $77,000. BlackRock Inc. boosted its holdings in Ranger Energy Services by 15.5% during the 2nd quarter. BlackRock Inc. now owns 14,358 shares of the company’s stock valued at $115,000 after acquiring an additional 1,928 shares during the period. Finally, Creative Planning purchased a new stake in Ranger Energy Services during the 2nd quarter valued at about $132,000. Institutional investors own 28.00% of the company’s stock.
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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