Zacks Investment Research upgraded shares of Ranger Energy Services (NYSE:RNGR) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday. They currently have $9.25 price objective on the stock.

According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “

RNGR has been the topic of a number of other research reports. Piper Jaffray Companies reissued a buy rating and set a $12.00 price target on shares of Ranger Energy Services in a research report on Monday, August 13th. ValuEngine downgraded Ranger Energy Services from a hold rating to a sell rating in a research report on Monday, August 20th. Finally, Wells Fargo & Co lowered their price target on Ranger Energy Services from $9.00 to $8.00 and set a market perform rating on the stock in a research report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $10.06.

NYSE:RNGR opened at $7.65 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $120.83 million, a P/E ratio of -9.81, a P/E/G ratio of 6.46 and a beta of 2.20. Ranger Energy Services has a 52-week low of $6.35 and a 52-week high of $11.39.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Tuesday, November 6th. The company reported $0.23 earnings per share (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 the consensus estimate of $79.85 million. Ranger Energy Services had a positive return on equity of 0.14% and a negative net margin of 2.76%. On average, analysts anticipate that Ranger Energy Services will post 0.24 earnings per share for the current year.

In other news, Director William M. Austin acquired 10,000 shares of Ranger Energy Services stock in a transaction dated Tuesday, November 13th. The stock was bought at an average price of $8.08 per share, for a total transaction of $80,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Merrill A. Miller, Jr. acquired 11,850 shares of Ranger Energy Services stock in a transaction dated Tuesday, September 4th. The shares were purchased at an average price of $8.47 per share, with a total value of $100,369.50. The disclosure for this purchase can be found here. 4.33% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. LMR Partners LLP bought a new stake in shares of Ranger Energy Services during the second quarter worth approximately $179,000. Paloma Partners Management Co bought a new stake in shares of Ranger Energy Services during the second quarter worth approximately $264,000. Millennium Management LLC bought a new stake in shares of Ranger Energy Services in the second quarter valued at approximately $670,000. B. Riley Financial Inc. boosted its stake in shares of Ranger Energy Services by 30.3% in the second quarter. B. Riley Financial Inc. now owns 541,166 shares of the company’s stock valued at $4,962,000 after buying an additional 125,996 shares during the period. Finally, Royce & Associates LP boosted its stake in shares of Ranger Energy Services by 51.6% in the second quarter. Royce & Associates LP now owns 602,790 shares of the company’s stock valued at $5,528,000 after buying an additional 205,177 shares during the period. Institutional investors own 30.75% of the company’s stock.

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.

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