Q2 2018 Earnings Estimate for Ranger Energy Services (RNGR) Issued By Piper Jaffray

Ranger Energy Services (NYSE:RNGR) – Equities research analysts at Piper Jaffray boosted their Q2 2018 earnings per share (EPS) estimates for Ranger Energy Services in a report released on Monday, May 14th. Piper Jaffray analyst J. Daniel now expects that the company will post earnings per share of $0.11 for the quarter, up from their previous forecast of $0.02. Piper Jaffray has a “Buy” rating and a $12.00 price target on the stock. Piper Jaffray also issued estimates for Ranger Energy Services’ FY2018 earnings at $0.41 EPS and FY2019 earnings at $0.97 EPS.

Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Tuesday, March 6th. The company reported ($0.36) earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $50.10 million during the quarter, compared to analyst estimates of $47.05 million.

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

Ranger Energy Services stock opened at $8.53 on Thursday. The stock has a market capitalization of $129.72 million and a P/E ratio of -10.94. Ranger Energy Services has a 12-month low of $8.49 and a 12-month high of $8.53. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09.

A number of institutional investors have recently bought and sold shares of RNGR. B. Riley Financial Inc. bought a new position in Ranger Energy Services during the fourth quarter worth about $2,598,000. Royce & Associates LP boosted its holdings 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 buying an additional 163,654 shares during the last quarter. Franklin Resources Inc. boosted its holdings 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 buying an additional 113,800 shares during the last quarter. BlackRock Inc. boosted its holdings 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 buying an additional 14,725 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in Ranger Energy Services during the fourth quarter worth about $127,000. Institutional investors and hedge funds 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)

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.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit