Wells Fargo & Company assumed coverage on shares of Ranger Energy Services Inc (NASDAQ:RNGR) in a report released on Wednesday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $18.00 price target on the stock. Wells Fargo & Company’s price target points to a potential upside of 23.71% from the stock’s previous close.

A number of other research analysts have also weighed in on RNGR. Barclays PLC began coverage on Ranger Energy Services in a report on Tuesday, September 5th. They set an “equal weight” rating and a $16.00 price objective on the stock. Evercore ISI began coverage on Ranger Energy Services in a report on Tuesday, September 5th. They set an “outperform” rating and a $20.00 price objective on the stock. Howard Weil began coverage on Ranger Energy Services in a report on Tuesday, September 5th. They set a “sector perform” rating and a $21.00 price objective on the stock. Scotiabank reaffirmed a “sector perform” rating and set a $21.00 price objective on shares of Ranger Energy Services in a report on Tuesday, September 5th. Finally, Credit Suisse Group began coverage on Ranger Energy Services in a report on Tuesday, September 5th. They set an “outperform” rating and a $19.00 price objective on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $19.17.

Shares of Ranger Energy Services (NASDAQ:RNGR) traded up 1.25% on Wednesday, hitting $14.55. The stock had a trading volume of 106,079 shares. The firm has a 50 day moving average of $13.80 and a 200 day moving average of $13.80. The stock’s market cap is $122.41 million. Ranger Energy Services has a 12 month low of $13.50 and a 12 month high of $15.17.

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In other news, Director Merrill A. Miller, Jr. bought 6,896 shares of the stock in a transaction on Wednesday, August 16th. The shares were bought at an average price of $14.50 per share, with a total value of $99,992.00. Following the completion of the acquisition, the director now owns 6,896 shares of the company’s stock, valued at $99,992. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Energy Opportunity Gp I. L. Csl bought 612,069 shares of the stock in a transaction on Wednesday, August 16th. The stock was purchased at an average cost of $14.50 per share, for a total transaction of $8,875,000.50. The disclosure for this purchase can be found here. Insiders have purchased 620,005 shares of company stock worth $8,990,073 in the last ninety days.

About Ranger Energy Services

Ranger Energy Services, Inc is an independent provider of high-specification (high-spec) well service rigs and associated services in the United States. The Company focuses on unconventional horizontal well completion and production operations. The Company operates through Well Services and Processing Solutions segment.

Analyst Recommendations for Ranger Energy Services (NASDAQ:RNGR)

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