Piper Jaffray Weighs in on Ranger Energy Services’ Q3 2018 Earnings (RNGR)

Ranger Energy Services (NYSE:RNGR) – Stock analysts at Piper Jaffray upped their Q3 2018 earnings per share (EPS) estimates for shares of Ranger Energy Services in a research report issued to clients and investors on Monday, May 14th. Piper Jaffray analyst J. Daniel now forecasts that the company will post earnings per share of $0.23 for the quarter, up from their prior estimate of $0.17. Piper Jaffray has a “Buy” rating and a $12.00 price objective on the stock. Piper Jaffray also issued estimates for Ranger Energy Services’ Q4 2018 earnings at $0.15 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.28 EPS and Q4 2019 earnings at $0.21 EPS.

Several other equities analysts have also recently commented on RNGR. Zacks Investment Research cut Ranger Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Wells Fargo cut Ranger Energy Services from an “outperform” rating to a “market perform” rating and set a $18.00 target price for the company. in a research note on Monday, March 12th. Finally, Barclays set a $10.00 target price on Ranger Energy Services and gave the company a “hold” rating in a research note on Wednesday, March 14th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.47.

Shares of NYSE:RNGR opened at $8.53 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. Ranger Energy Services has a 52-week low of $8.49 and a 52-week high of $8.53. The company has a market capitalization of $129.72 million and a price-to-earnings ratio of -10.94.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings data on Tuesday, March 6th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.32). Ranger Energy Services had a negative net margin of 9.75% and a negative return on equity of 6.16%. The firm had revenue of $50.10 million during the quarter, compared to analyst estimates of $47.05 million.

Several institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in Ranger Energy Services by 71.8% during the fourth quarter. Franklin Resources Inc. now owns 272,400 shares of the company’s stock worth $2,514,000 after purchasing an additional 113,800 shares during the last quarter. Royce & Associates LP lifted its stake in Ranger Energy Services by 712.8% during the fourth quarter. Royce & Associates LP now owns 186,614 shares of the company’s stock worth $1,722,000 after purchasing an additional 163,654 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Ranger Energy Services during the fourth quarter worth $127,000. BlackRock Inc. lifted its stake in Ranger Energy Services by 5.5% during the fourth quarter. BlackRock Inc. now owns 280,066 shares of the company’s stock worth $2,585,000 after purchasing an additional 14,725 shares during the last quarter. Finally, B. Riley Financial Inc. bought a new position in Ranger Energy Services during the fourth quarter worth $2,598,000. Institutional investors own 32.05% 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.

Earnings History and Estimates for Ranger Energy Services (NYSE:RNGR)

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