Ranger Energy Services (NYSE:RNGR) was downgraded by stock analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a report released on Monday, Marketbeat reports. They presently have a $18.00 price objective on the stock. Wells Fargo & Co’s target price would suggest a potential upside of 112.77% from the company’s current price.
A number of other analysts also recently issued reports on RNGR. Barclays dropped their price target on shares of Ranger Energy Services from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 14th. Zacks Investment Research downgraded shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $11.00 price target (down previously from $18.00) on shares of Ranger Energy Services in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.25.
Shares of Ranger Energy Services (RNGR) traded up $0.02 during midday trading on Monday, hitting $8.46. 57,048 shares of the stock were exchanged, compared to its average volume of 28,134. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.04. Ranger Energy Services has a 12-month low of $8.08 and a 12-month high of $15.70.
ILLEGAL ACTIVITY NOTICE: “Ranger Energy Services (RNGR) Downgraded to “Market Perform” at Wells Fargo & Co” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/03/12/ranger-energy-services-rngr-downgraded-to-market-perform-at-wells-fargo-co.html.
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.
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.