Other equities analysts have also issued research reports about the stock. Piper Jaffray Companies set a $13.00 target price on shares of Ranger Energy Services and gave the company a buy rating in a report on Wednesday, October 3rd. Zacks Investment Research upgraded shares of Ranger Energy Services from a hold rating to a buy rating and set a $7.50 target price on the stock in a report on Thursday. Finally, ValuEngine lowered shares of Ranger Energy Services from a hold rating to a sell rating in a report on Monday, August 20th. One equities research 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 has a consensus rating of Hold and a consensus target price of $9.90.
RNGR stock traded up $0.60 during midday trading on Thursday, hitting $7.70. The stock had a trading volume of 2,800 shares, compared to its average volume of 27,008. The firm has a market cap of $107.09 million, a price-to-earnings ratio of -9.87, a PEG ratio of 15.09 and a beta of 2.20. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. Ranger Energy Services has a 1-year low of $6.35 and a 1-year high of $11.39.
In other news, Director Merrill A. Miller, Jr. bought 11,850 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were acquired at an average price of $8.47 per share, for a total transaction of $100,369.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.33% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC increased its stake in Ranger Energy Services by 1.7% in the third quarter. FMR LLC now owns 781,042 shares of the company’s stock valued at $6,545,000 after purchasing an additional 13,415 shares in the last quarter. B. Riley Financial Inc. increased its stake in Ranger Energy Services by 30.3% in the second quarter. B. Riley Financial Inc. now owns 541,166 shares of the company’s stock valued at $4,962,000 after purchasing an additional 125,996 shares in the last quarter. Millennium Management LLC bought a new stake in Ranger Energy Services in the second quarter valued at $670,000. Paloma Partners Management Co bought a new stake in Ranger Energy Services in the second quarter valued at $264,000. Finally, Royce & Associates LP increased its stake in Ranger Energy Services by 51.6% in the second quarter. Royce & Associates LP now owns 602,790 shares of the company’s stock valued at $5,528,000 after purchasing an additional 205,177 shares in the last quarter. 29.02% of the stock is owned by hedge funds and other institutional investors.
About Ranger Energy Services
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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