Ranger Energy Services Inc (NYSE:RNGR) had its price objective dropped by equities researchers at Barclays PLC from $16.00 to $12.00 in a research note issued on Tuesday. The brokerage currently has an “equal weight” rating on the stock. Barclays PLC’s price target suggests a potential upside of 31.58% from the company’s current price.

Several other research analysts also recently commented on the stock. Credit Suisse Group AG initiated coverage on shares of Ranger Energy Services in a report on Tuesday, September 5th. They issued an “outperform” rating and a $19.00 price objective for the company. Scotiabank reaffirmed a “sector perform” rating and issued a $21.00 price objective on shares of Ranger Energy Services in a report on Tuesday, September 5th. Evercore ISI initiated coverage on shares of Ranger Energy Services in a report on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 price objective for the company. Piper Jaffray Companies initiated coverage on shares of Ranger Energy Services in a report on Tuesday, September 12th. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, Wells Fargo & Company initiated coverage on shares of Ranger Energy Services in a report on Wednesday, September 6th. They issued an “outperform” rating and a $18.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Ranger Energy Services presently has an average rating of “Buy” and an average target price of $17.25.

Ranger Energy Services (RNGR) traded up $0.16 on Tuesday, reaching $9.12. 58,400 shares of the company traded hands, compared to its average volume of 71,857. Ranger Energy Services has a 52 week low of $8.87 and a 52 week high of $15.70.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings data on Thursday, November 9th. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.47). The business had revenue of $41.10 million during the quarter, compared to the consensus estimate of $43.84 million. Ranger Energy Services had a negative return on equity of 22.28% and a negative net margin of 17.80%. The firm’s revenue was up 22.0% on a year-over-year basis.

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In related news, Director Merrill A. Miller, Jr. acquired 6,896 shares of the stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $14.50 per share, for a total transaction of $99,992.00. Following the transaction, the director now owns 6,896 shares in the company, valued at approximately $99,992. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Energy Opportunity Gp I. L. Csl acquired 612,069 shares of the stock in a transaction dated Wednesday, August 16th. The shares were bought at an average price of $14.50 per share, for a total transaction of $8,875,000.50. The disclosure for this purchase can be found here. Insiders acquired a total of 620,005 shares of company stock worth $8,990,073 over the last quarter.

An institutional investor recently bought a new position in Ranger Energy Services stock. Alyeska Investment Group L.P. bought a new position in Ranger Energy Services Inc (NYSE:RNGR) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 26,100 shares of the company’s stock, valued at approximately $384,000. Alyeska Investment Group L.P. owned 0.17% of Ranger Energy Services as of its most recent SEC filing.

Ranger Energy Services Company Profile

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 (NYSE:RNGR)

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