Ranger Energy Services (RNGR) Reaches New 12-Month Low at $6.83

Ranger Energy Services Inc (NYSE:RNGR) hit a new 52-week low on Thursday . The stock traded as low as $6.83 and last traded at $6.74, with a volume of 200 shares traded. The stock had previously closed at $6.95.

RNGR has been the subject of a number of analyst reports. ValuEngine downgraded Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Monday, August 20th. Zacks Investment Research cut shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. Finally, Piper Jaffray Companies set a $13.00 price target on shares of Ranger Energy Services and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Ranger Energy Services presently has a consensus rating of “Hold” and a consensus price target of $12.25.

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $117.19 million, a PE ratio of -8.55, a PEG ratio of 5.12 and a beta of 2.10.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings data on Tuesday, August 7th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.18). Ranger Energy Services had a negative return on equity of 2.77% and a negative net margin of 5.73%. The business had revenue of $73.10 million for the quarter, compared to analyst estimates of $75.75 million. Equities research analysts expect that Ranger Energy Services Inc will post 0.29 earnings per share for the current year.

In other Ranger Energy Services news, Director Merrill A. Miller, Jr. bought 11,850 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were acquired at an average cost of $8.47 per share, with a total value of $100,369.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.33% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RNGR. LMR Partners LLP acquired a new stake in shares of Ranger Energy Services in the 2nd quarter valued at $179,000. Paloma Partners Management Co acquired a new stake in Ranger Energy Services during the 2nd quarter worth approximately $264,000. Millennium Management LLC acquired a new position in shares of Ranger Energy Services during the second quarter worth $670,000. B. Riley Financial Inc. lifted its holdings in Ranger Energy Services by 30.3% during the 2nd quarter. B. Riley Financial Inc. now owns 541,166 shares of the company’s stock worth $4,962,000 after buying an additional 125,996 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Ranger Energy Services by 51.6% in the second quarter. Royce & Associates LP now owns 602,790 shares of the company’s stock worth $5,528,000 after acquiring an additional 205,177 shares during the period. 28.95% of the stock is currently owned by institutional investors.

Ranger Energy Services Company Profile (NYSE:RNGR)

Ranger Energy Services, Inc provides well service rigs and associated services in the United States. It operates through two segments, Well Services and Processing Solutions. The company offers well completion support srevices, such as milling out composite plugs used during hydraulic fracturing; 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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