Zacks: Brokerages Expect Ranger Energy Services Inc (RNGR) to Announce $0.12 EPS

Analysts predict that Ranger Energy Services Inc (NYSE:RNGR) will announce earnings of $0.12 per share for the current quarter, according to Zacks. Three analysts have made estimates for Ranger Energy Services’ earnings. The highest EPS estimate is $0.14 and the lowest is $0.10. Ranger Energy Services posted earnings per share of ($0.36) in the same quarter last year, which indicates a positive year-over-year growth rate of 133.3%. The business is scheduled to announce its next earnings results on Tuesday, March 5th.

According to Zacks, analysts expect that Ranger Energy Services will report full year earnings of $0.28 per share for the current year, with EPS estimates ranging from $0.19 to $0.41. For the next financial year, analysts expect that the business will report earnings of $0.90 per share, with EPS estimates ranging from $0.68 to $1.13. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Ranger Energy Services.

Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Tuesday, November 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. The business had revenue of $82.10 million for the quarter, compared to analysts’ expectations of $79.85 million. Ranger Energy Services had a negative net margin of 2.76% and a positive return on equity of 0.14%.

A number of equities analysts have recently commented on RNGR shares. Zacks Investment Research raised shares of Ranger Energy Services from a “sell” rating to a “hold” rating in a report on Friday, September 28th. Wells Fargo & Co cut their target price on shares of Ranger Energy Services from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Thursday, November 8th. Piper Jaffray Companies set a $13.00 target price on shares of Ranger Energy Services and gave the company a “buy” rating in a report on Wednesday, October 3rd. ValuEngine cut shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Monday, August 20th. Finally, B. Riley assumed coverage on shares of Ranger Energy Services in a report on Tuesday, November 20th. They issued a “buy” rating and a $10.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Ranger Energy Services presently has an average rating of “Buy” and a consensus price target of $10.05.

In other news, Director Merrill A. Miller, Jr. acquired 11,850 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were bought at an average cost of $8.47 per share, with a total value of $100,369.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William M. Austin acquired 10,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was purchased at an average cost of $8.08 per share, for a total transaction of $80,800.00. The disclosure for this purchase can be found here. Insiders own 4.33% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in RNGR. B. Riley Financial Inc. grew its stake in shares of Ranger Energy Services by 61.9% during the 3rd quarter. B. Riley Financial Inc. now owns 876,226 shares of the company’s stock worth $7,343,000 after purchasing an additional 335,060 shares during the period. Royce & Associates LP grew its stake in shares of Ranger Energy Services by 51.6% during the 2nd quarter. Royce & Associates LP now owns 602,790 shares of the company’s stock worth $5,528,000 after purchasing an additional 205,177 shares during the period. FMR LLC grew its stake in shares of Ranger Energy Services by 22.6% during the 2nd quarter. FMR LLC now owns 767,627 shares of the company’s stock worth $7,039,000 after purchasing an additional 141,395 shares during the period. Millennium Management LLC acquired a new position in shares of Ranger Energy Services during the 2nd quarter worth $670,000. Finally, Paloma Partners Management Co acquired a new position in shares of Ranger Energy Services during the 2nd quarter worth $264,000. 28.78% of the stock is currently owned by institutional investors.

Shares of Ranger Energy Services stock traded up $0.11 during trading on Friday, reaching $7.65. The company’s stock had a trading volume of 820 shares, compared to its average volume of 6,211. The stock has a market capitalization of $119.09 million, a price-to-earnings ratio of -9.81, a PEG ratio of 5.39 and a beta of 2.31. Ranger Energy Services has a fifty-two week low of $6.35 and a fifty-two week high of $11.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84.

About Ranger Energy Services

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.

Featured Story: Market Capitalization and Individual Investors

Get a free copy of the Zacks research report on Ranger Energy Services (RNGR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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 reddit