Ranger Energy Services, Inc. (RNGR) Rating Reiterated by Credit Suisse Group

Ranger Energy Services, Inc. (NYSE:RNGR)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse Group in a report released on Tuesday. They presently have a $11.00 target price on the stock, down from their previous target price of $18.00. Credit Suisse Group’s target price would indicate a potential upside of 19.96% from the stock’s previous close.

Several other analysts have also commented on RNGR. Barclays PLC started coverage on shares of Ranger Energy Services in a research report on Tuesday, September 5th. They issued an “equal weight” rating and a $16.00 price objective on the stock. Evercore ISI started coverage on shares of Ranger Energy Services in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 price objective on the stock. Howard Weil started coverage on shares of Ranger Energy Services in a research report on Tuesday, September 5th. They issued a “sector perform” rating and a $21.00 price objective on the stock. Scotiabank reaffirmed a “sector perform” rating and issued a $21.00 price objective on shares of Ranger Energy Services in a research report on Tuesday, September 5th. Finally, Wells Fargo & Company started coverage on shares of Ranger Energy Services in a research report on Wednesday, September 6th. They issued an “outperform” rating and a $18.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Ranger Energy Services presently has an average rating of “Hold” and an average price target of $17.25.

Ranger Energy Services (RNGR) traded up $0.35 on Tuesday, hitting $9.17. 74,400 shares of the company were exchanged, compared to its average volume of 71,830. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.26 and a current ratio of 1.26. Ranger Energy Services has a one year low of $8.48 and a one year high of $15.70.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings data on Thursday, November 9th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.47). The company 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 14.10% and a negative net margin of 14.29%. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. equities research analysts predict that Ranger Energy Services will post -0.39 EPS for the current fiscal year.

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A hedge fund recently bought a new stake in Ranger Energy Services stock. Pentwater Capital Management LP bought a new position in Ranger Energy Services, Inc. (NYSE:RNGR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 50,000 shares of the company’s stock, valued at approximately $735,000. Pentwater Capital Management LP owned approximately 0.33% of Ranger Energy Services as of its most recent SEC filing. Institutional investors own 0.10% of the company’s stock.

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.

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