B. Riley Reiterates “Buy” Rating for Ranger Energy Services (NYSE:RNGR)

Ranger Energy Services (NYSE:RNGR)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. They currently have a $9.00 price target on the stock. B. Riley’s price objective would indicate a potential upside of 28.57% from the company’s current price.

A number of other analysts have also recently commented on the stock. Credit Suisse Group raised shares of Ranger Energy Services from a “neutral” rating to an “outperform” rating and upped their target price for the company from $7.00 to $8.00 in a report on Tuesday, December 3rd. Zacks Investment Research cut shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Wells Fargo & Co reduced their target price on shares of Ranger Energy Services from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. ValuEngine cut shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Finally, Barclays set a $7.00 target price on shares of Ranger Energy Services and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.35.

Shares of Ranger Energy Services stock opened at $7.00 on Thursday. The company has a market cap of $108.86 million, a price-to-earnings ratio of 18.81 and a beta of 3.38. The company’s 50 day moving average is $6.27 and its 200 day moving average is $6.50. Ranger Energy Services has a twelve month low of $4.70 and a twelve month high of $8.76. The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of 0.23.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.25). The company had revenue of $84.10 million for the quarter, compared to the consensus estimate of $89.65 million. Ranger Energy Services had a net margin of 1.02% and a return on equity of 1.77%. Sell-side analysts expect that Ranger Energy Services will post 0.28 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in Ranger Energy Services by 250,000.0% during the second quarter. Royal Bank of Canada now owns 7,503 shares of the company’s stock valued at $60,000 after buying an additional 7,500 shares during the last quarter. Private Capital Group LLC purchased a new stake in Ranger Energy Services during the second quarter valued at approximately $32,000. BlackRock Inc. increased its holdings in Ranger Energy Services by 15.5% during the second quarter. BlackRock Inc. now owns 14,358 shares of the company’s stock valued at $115,000 after buying an additional 1,928 shares during the last quarter. Finally, Creative Planning purchased a new stake in Ranger Energy Services during the second quarter valued at approximately $132,000. 26.78% of the stock is owned by institutional investors and hedge funds.

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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