Shares of Ranger Energy Services Inc (NYSE:RNGR) have been given an average recommendation of “Buy” by the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $17.25.
RNGR has been the subject of several analyst reports. Barclays lowered their price target on shares of Ranger Energy Services from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $11.00 price target (down previously from $18.00) on shares of Ranger Energy Services in a research report on Tuesday, November 14th.
A hedge fund recently bought a new stake in Ranger Energy Services stock. Alyeska Investment Group L.P. purchased a new stake in Ranger Energy Services Inc (NYSE:RNGR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 26,100 shares of the company’s stock, valued at approximately $384,000. Alyeska Investment Group L.P. owned approximately 0.17% of Ranger Energy Services as of its most recent filing with the Securities and Exchange Commission (SEC). 32.42% of the stock is currently owned by institutional investors and hedge funds.
Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.47). Ranger Energy Services had a negative return on equity of 14.10% and a negative net margin of 14.29%. The business had revenue of $41.10 million for the quarter, compared to analyst estimates of $43.84 million. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. equities analysts expect that Ranger Energy Services will post -0.39 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Ranger Energy Services Inc (RNGR) Receives Consensus Rating of “Buy” from Analysts” was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/03/ranger-energy-services-inc-rngr-receives-consensus-rating-of-buy-from-analysts.html.
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.
Receive News & Ratings for Ranger Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ranger Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.