Ranger Energy Services (NYSE:RNGR) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Ranger Energy Services (NYSE:RNGRFree Report) from a hold rating to a buy rating in a research report released on Saturday.

A number of other equities analysts have also commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ranger Energy Services in a research note on Monday, December 29th. Piper Sandler raised shares of Ranger Energy Services from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 18th. Finally, Zacks Research upgraded shares of Ranger Energy Services from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Get Our Latest Stock Analysis on RNGR

Ranger Energy Services Stock Down 3.1%

Shares of NYSE:RNGR opened at $16.47 on Friday. The firm has a market cap of $355.92 million, a P/E ratio of 30.50 and a beta of 0.15. Ranger Energy Services has a 12-month low of $10.56 and a 12-month high of $17.89. The business has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $14.39.

Ranger Energy Services (NYSE:RNGRGet Free Report) last announced its earnings results on Thursday, March 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). Ranger Energy Services had a return on equity of 4.65% and a net margin of 2.25%.The company had revenue of $142.20 million for the quarter, compared to analyst estimates of $140.67 million.

Ranger Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 20th. Ranger Energy Services’s payout ratio is currently 36.92%.

Institutional Investors Weigh In On Ranger Energy Services

A number of hedge funds have recently added to or reduced their stakes in the business. IES Holdings Inc. acquired a new position in Ranger Energy Services in the fourth quarter valued at approximately $15,201,000. JPMorgan Chase & Co. grew its position in shares of Ranger Energy Services by 2,718.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 434,306 shares of the company’s stock worth $5,186,000 after buying an additional 418,894 shares during the period. CSM Advisors LLC bought a new stake in shares of Ranger Energy Services in the 2nd quarter valued at $3,691,000. Simcoe Capital LLC bought a new stake in shares of Ranger Energy Services in the 4th quarter valued at $2,801,000. Finally, AQR Capital Management LLC lifted its position in shares of Ranger Energy Services by 44.4% during the 4th quarter. AQR Capital Management LLC now owns 580,611 shares of the company’s stock valued at $8,117,000 after acquiring an additional 178,486 shares during the period. 68.10% of the stock is currently owned by institutional investors.

Key Ranger Energy Services News

Here are the key news stories impacting Ranger Energy Services this week:

Ranger Energy Services Company Profile

(Get Free Report)

Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.

Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.

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