Equities analysts forecast that Ranger Energy Services Inc (NYSE:RNGR) will announce earnings of $0.18 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ranger Energy Services’ earnings. The highest EPS estimate is $0.27 and the lowest is $0.13. Ranger Energy Services posted earnings of ($0.42) per share in the same quarter last year, which would indicate a positive year over year growth rate of 142.9%. The business is scheduled to report its next quarterly earnings results after the market closes on Tuesday, November 6th.
According to Zacks, analysts expect that Ranger Energy Services will report full year earnings of $0.29 per share for the current year, with EPS estimates ranging from $0.09 to $0.49. For the next year, analysts expect that the business will report earnings of $0.70 per share, with EPS estimates ranging from $0.16 to $1.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Ranger Energy Services.
Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings results on Tuesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.18). The company had revenue of $73.10 million during the quarter, compared to analyst estimates of $75.75 million. Ranger Energy Services had a negative return on equity of 2.77% and a negative net margin of 5.73%.
A number of equities analysts have recently commented on RNGR shares. Zacks Investment Research downgraded shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $12.00 price objective on shares of Ranger Energy Services in a report on Monday, August 13th. Finally, ValuEngine downgraded shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.25.
In other Ranger Energy Services news, Director Merrill A. Miller, Jr. acquired 11,850 shares of Ranger Energy Services stock in a transaction dated Tuesday, September 4th. The stock was bought at an average cost of $8.47 per share, with a total value of $100,369.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.33% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. LMR Partners LLP bought a new position in Ranger Energy Services during the 2nd quarter valued at about $179,000. Paloma Partners Management Co bought a new position in Ranger Energy Services during the 2nd quarter valued at about $264,000. Millennium Management LLC bought a new position in Ranger Energy Services during the 2nd quarter valued at about $670,000. B. Riley Financial Inc. lifted its holdings in Ranger Energy Services by 30.3% during the 2nd quarter. B. Riley Financial Inc. now owns 541,166 shares of the company’s stock valued at $4,962,000 after purchasing an additional 125,996 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in Ranger Energy Services by 51.6% during the 2nd quarter. Royce & Associates LP now owns 602,790 shares of the company’s stock valued at $5,528,000 after purchasing an additional 205,177 shares during the last quarter. 28.96% of the stock is owned by hedge funds and other institutional investors.
NYSE RNGR traded up $0.04 during midday trading on Friday, hitting $7.64. The company had a trading volume of 5,261 shares, compared to its average volume of 28,662. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $132.17 million, a price-to-earnings ratio of -9.79, a P/E/G ratio of 5.41 and a beta of 2.09. Ranger Energy Services has a fifty-two week low of $6.88 and a fifty-two week high of $14.88.
Ranger Energy Services Company Profile
Ranger Energy Services, Inc provides well service rigs and associated services in the United States. It operates through two segments, Well Services and Processing Solutions. The company offers well completion support srevices, such as milling out composite plugs used during hydraulic fracturing; 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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