Ranger Energy Services (NYSE:RNGR) Rating Increased to Buy at Wall Street Zen

Ranger Energy Services (NYSE:RNGRGet Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Other research analysts have also issued reports about the company. Zacks Research raised Ranger Energy Services from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ranger Energy Services in a report on Monday, December 29th. Finally, Piper Sandler upgraded shares of Ranger Energy Services from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Check Out Our Latest Report on Ranger Energy Services

Ranger Energy Services Trading Down 3.1%

Shares of NYSE RNGR opened at $16.47 on Friday. Ranger Energy Services has a 12-month low of $10.56 and a 12-month high of $17.89. The company has a market cap of $355.92 million, a PE ratio of 30.50 and a beta of 0.15. The stock has a 50 day simple moving average of $15.70 and a 200-day simple moving average of $14.38.

Ranger Energy Services (NYSE:RNGRGet Free Report) last posted its earnings results on Thursday, March 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The business had revenue of $142.20 million during the quarter, compared to analyst estimates of $140.67 million. Ranger Energy Services had a net margin of 2.25% and a return on equity of 4.65%.

Institutional Trading of Ranger Energy Services

Institutional investors have recently modified their holdings of the company. CSM Advisors LLC grew its holdings in Ranger Energy Services by 0.4% during the fourth quarter. CSM Advisors LLC now owns 300,849 shares of the company’s stock worth $4,207,000 after acquiring an additional 1,055 shares during the period. Nuveen LLC lifted its holdings in Ranger Energy Services by 2.0% in the 4th quarter. Nuveen LLC now owns 63,266 shares of the company’s stock valued at $884,000 after acquiring an additional 1,251 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Ranger Energy Services by 2.8% during the 4th quarter. First Trust Advisors LP now owns 45,567 shares of the company’s stock valued at $637,000 after purchasing an additional 1,260 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Ranger Energy Services by 16.1% in the 4th quarter. Russell Investments Group Ltd. now owns 9,299 shares of the company’s stock worth $130,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Ranger Energy Services by 6.9% in the 3rd quarter. Rhumbline Advisers now owns 28,662 shares of the company’s stock worth $402,000 after purchasing an additional 1,849 shares in the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.

Key Headlines Impacting Ranger Energy Services

Here are the key news stories impacting Ranger Energy Services this week:

About Ranger Energy Services

(Get Free Report)

Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.

Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.

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