Ranger Energy Services (NYSE:RNGR) Announces Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Ranger Energy Services (NYSE:RNGR – Get Free Report) posted its earnings results on Monday. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.16), FiscalAI reports. Ranger Energy Services had a net margin of 2.36% and a return on equity of 4.87%. The business had revenue of $162.80 million during the quarter, compared to analysts’ expectations of $175.83 million.

Ranger Energy Services Trading Down 0.8%

Shares of Ranger Energy Services stock traded down $0.10 during trading hours on Monday, reaching $12.42. 340,022 shares of the company’s stock were exchanged, compared to its average volume of 204,762. The company has a fifty day moving average of $15.49 and a 200-day moving average of $16.17. Ranger Energy Services has a 52-week low of $11.88 and a 52-week high of $18.82. The firm has a market capitalization of $290.60 million, a price-to-earnings ratio of 20.70 and a beta of 0.25.

Insider Buying and Selling at Ranger Energy Services

In related news, CEO Stuart Bodden sold 95,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $17.16, for a total transaction of $1,630,200.00. Following the transaction, the chief executive officer directly owned 273,800 shares of the company’s stock, valued at approximately $4,698,408. The trade was a 25.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ranger Energy Services in a report on Monday, September 21st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.00.

View Our Latest Analysis on Ranger Energy Services

About Ranger Energy Services

(Get Free Report)

Ranger Energy Services, Inc is an oilfield services company that supports the development, maintenance and production of oil and natural gas wells. The company primarily serves the onshore U.S. energy market, providing services throughout the life cycle of mature and producing wells.

Its operations include well servicing, workover and completion services, wireline and electric-line services, and equipment rental. Ranger’s well-servicing business uses a fleet of rigs to perform activities such as well maintenance, recompletions, remedial work and plugging and abandonment.

See Also

Earnings History for Ranger Energy Services (NYSE:RNGR)

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