B. Riley Financial Inc. increased its holdings in Ranger Energy Services Inc (NYSE:RNGR) by 30.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 541,166 shares of the company’s stock after acquiring an additional 125,996 shares during the quarter. Ranger Energy Services comprises about 1.3% of B. Riley Financial Inc.’s investment portfolio, making the stock its 11th biggest holding. B. Riley Financial Inc. owned about 3.43% of Ranger Energy Services worth $4,962,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RNGR. Royce & Associates LP increased its stake in shares of Ranger Energy Services by 51.6% in the 2nd quarter. Royce & Associates LP now owns 602,790 shares of the company’s stock worth $5,528,000 after acquiring an additional 205,177 shares in the last quarter. FMR LLC increased its stake in shares of Ranger Energy Services by 22.6% in the 2nd quarter. FMR LLC now owns 767,627 shares of the company’s stock worth $7,039,000 after acquiring an additional 141,395 shares in the last quarter. Millennium Management LLC bought a new position in shares of Ranger Energy Services in the 2nd quarter worth about $670,000. Paloma Partners Management Co bought a new position in shares of Ranger Energy Services in the 2nd quarter worth about $264,000. Finally, LMR Partners LLP bought a new position in shares of Ranger Energy Services in the 2nd quarter worth about $179,000. Institutional investors own 28.96% of the company’s stock.

NYSE:RNGR opened at $8.26 on Monday. The stock has a market cap of $130.91 million and a price-to-earnings ratio of -10.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.93. Ranger Energy Services Inc has a fifty-two week low of $6.88 and a fifty-two week high of $15.69.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings data on Tuesday, August 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.18). The firm had revenue of $73.10 million for the quarter, compared to the consensus estimate of $75.75 million. Ranger Energy Services had a negative net margin of 5.73% and a negative return on equity of 2.77%. equities research analysts expect that Ranger Energy Services Inc will post 0.31 earnings per share for the current year.

Several research analysts recently issued reports on RNGR shares. ValuEngine upgraded shares of Ranger Energy Services from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research lowered shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $12.00 price objective on shares of Ranger Energy Services in a research note on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.05.

In other news, Director Merrill A. Miller, Jr. acquired 11,850 shares of Ranger Energy Services stock in a transaction on Tuesday, September 4th. The stock was acquired at an average cost of $8.47 per share, for a total transaction of $100,369.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 4.33% of the stock is currently owned by company insiders.

Ranger Energy Services Company Profile

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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for Ranger Energy Services (NYSE:RNGR)

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