Ranger Energy Services Inc (RNGR) Receives $10.20 Consensus Price Target from Analysts

Shares of Ranger Energy Services Inc (NYSE:RNGR) have been given an average rating of “Buy” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $10.20.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Ranger Energy Services from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Wednesday. ValuEngine upgraded Ranger Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Credit Suisse Group set a $8.00 price objective on Ranger Energy Services and gave the company a “hold” rating in a research note on Thursday, March 7th. Finally, Capital One Financial cut Ranger Energy Services from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 16th.

In other Ranger Energy Services news, CFO John Brandon Blossman bought 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was purchased at an average cost of $6.88 per share, with a total value of $27,520.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have bought 8,500 shares of company stock valued at $61,495. Insiders own 4.33% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. FMR LLC increased its holdings in Ranger Energy Services by 1.7% in the 3rd quarter. FMR LLC now owns 781,042 shares of the company’s stock worth $6,545,000 after acquiring an additional 13,415 shares during the last quarter. Royce & Associates LP increased its stake in shares of Ranger Energy Services by 3.1% in the 3rd quarter. Royce & Associates LP now owns 621,197 shares of the company’s stock valued at $5,206,000 after purchasing an additional 18,407 shares in the last quarter. B. Riley Financial Inc. increased its stake in shares of Ranger Energy Services by 61.9% in the 3rd quarter. B. Riley Financial Inc. now owns 876,226 shares of the company’s stock valued at $7,343,000 after purchasing an additional 335,060 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Ranger Energy Services by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock valued at $2,148,000 after purchasing an additional 14,832 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in shares of Ranger Energy Services by 6.1% in the 3rd quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock valued at $2,148,000 after purchasing an additional 14,832 shares in the last quarter. 28.84% of the stock is owned by hedge funds and other institutional investors.

NYSE:RNGR traded down $0.12 during trading hours on Thursday, hitting $8.28. 12,361 shares of the company traded hands, compared to its average volume of 6,801. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.27. Ranger Energy Services has a one year low of $4.70 and a one year high of $10.78. The stock has a market cap of $128.94 million, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.40 and a beta of 3.47.

About Ranger Energy Services

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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Analyst Recommendations for Ranger Energy Services (NYSE:RNGR)

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