Investment analysts at B. Riley began coverage on shares of Ranger Energy Services (NYSE:RNGR) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $10.00 price target on the stock. B. Riley’s price objective would indicate a potential upside of 31.58% from the company’s previous close.

RNGR has been the topic of a number of other research reports. 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. Zacks Investment Research upgraded shares of Ranger Energy Services from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a report on Thursday, November 8th. Wells Fargo & Co dropped 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. Finally, ValuEngine cut shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $10.05.

NYSE:RNGR opened at $7.60 on Tuesday. The firm has a market capitalization of $118.46 million, a P/E ratio of -9.74, a P/E/G ratio of 6.34 and a beta of 2.20. Ranger Energy Services has a twelve month low of $6.35 and a twelve month high of $11.39. 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 (NYSE:RNGR) last announced its earnings results on Tuesday, November 6th. The company reported $0.23 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $82.10 million for the quarter, compared to analysts’ expectations of $79.85 million. As a group, analysts predict that Ranger Energy Services will post 0.24 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC raised its position in shares of Ranger Energy Services by 1.7% in the 3rd quarter. FMR LLC now owns 781,042 shares of the company’s stock worth $6,545,000 after purchasing an additional 13,415 shares during the last quarter. Royce & Associates LP raised its position in shares of Ranger Energy Services by 3.1% in the 3rd quarter. Royce & Associates LP now owns 621,197 shares of the company’s stock worth $5,206,000 after purchasing an additional 18,407 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Ranger Energy Services in the 2nd quarter worth about $179,000. Paloma Partners Management Co purchased a new position in shares of Ranger Energy Services in the 2nd quarter worth about $264,000. Finally, Millennium Management LLC purchased a new position in shares of Ranger Energy Services in the 2nd quarter worth about $670,000. 30.75% of the stock is owned by hedge funds and other institutional investors.

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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