BlackRock Inc. lowered its holdings in shares of Ranger Energy Services Inc (NYSE:RNGR) by 95.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 12,979 shares of the company’s stock after selling 265,000 shares during the period. BlackRock Inc.’s holdings in Ranger Energy Services were worth $119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, LMR Partners LLP bought a new position in shares of Ranger Energy Services in the second quarter worth about $179,000. 30.75% of the stock is currently owned by institutional investors.

Shares of Ranger Energy Services stock opened at $7.60 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. Ranger Energy Services Inc has a 1 year low of $6.35 and a 1 year high of $11.39. The stock has a market cap of $118.46 million, a price-to-earnings ratio of -9.74, a price-to-earnings-growth ratio of 6.34 and a beta of 2.20.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Tuesday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.09. Ranger Energy Services had a negative net margin of 2.76% and a positive return on equity of 0.14%. The company had revenue of $82.10 million for the quarter, compared to analysts’ expectations of $79.85 million. As a group, equities research analysts forecast that Ranger Energy Services Inc will post 0.24 earnings per share for the current fiscal year.

In other Ranger Energy Services news, Director Merrill A. Miller, Jr. bought 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, for a total transaction of $100,369.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William M. Austin bought 10,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were acquired at an average price of $8.08 per share, for a total transaction of $80,800.00. The disclosure for this purchase can be found here. 4.33% of the stock is owned by corporate insiders.

RNGR has been the topic of a number of research analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $12.00 price target on shares of Ranger Energy Services in a report on Monday, August 13th. B. Riley initiated coverage on shares of Ranger Energy Services in a report on Tuesday. They issued a “buy” rating and a $10.00 price target on the stock. Zacks Investment Research upgraded shares of Ranger Energy Services from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a report on Thursday, November 8th. Wells Fargo & Co cut their price target 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. Finally, ValuEngine cut shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Monday, August 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $10.05.

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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.

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

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