Ranger Energy Services' (RNGR) "Buy (B-)" Rating Reaffirmed at Weiss Ratings

Ranger Energy Services (NYSE:RNGR - Get Free Report)'s stock had its "buy (b-)" rating reissued by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

RNGR has been the subject of several other reports. Piper Sandler began coverage on shares of Ranger Energy Services in a research note on Monday, July 14th. They set a "neutral" rating and a $13.00 price objective for the company. Zacks Research raised shares of Ranger Energy Services from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Finally, Wall Street Zen raised shares of Ranger Energy Services from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $13.00.

Ranger Energy Services Stock Up 0.3%

RNGR stock opened at $13.21 on Wednesday. The firm has a 50 day moving average of $13.59 and a 200 day moving average of $12.70. The stock has a market capitalization of $288.51 million, a PE ratio of 13.34 and a beta of 0.43. Ranger Energy Services has a 52 week low of $10.56 and a 52 week high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last released its earnings results on Monday, July 28th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.08. Ranger Energy Services had a net margin of 3.92% and a return on equity of 8.36%. The company had revenue of $140.60 million during the quarter, compared to analysts' expectations of $141.70 million.

Insiders Place Their Bets

In related news, Director Brett T. Agee sold 14,014 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $14.51, for a total transaction of $203,343.14. Following the sale, the director directly owned 987,791 shares of the company's stock, valued at $14,332,847.41. This represents a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 81,688 shares of company stock worth $1,140,042. 2.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ranger Energy Services

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in Ranger Energy Services by 1,523.0% during the 1st quarter. GAMMA Investing LLC now owns 7,563 shares of the company's stock worth $107,000 after acquiring an additional 7,097 shares in the last quarter. Rhumbline Advisers grew its position in Ranger Energy Services by 8.5% during the 1st quarter. Rhumbline Advisers now owns 24,277 shares of the company's stock worth $344,000 after purchasing an additional 1,906 shares during the last quarter. CWM LLC grew its position in Ranger Energy Services by 28.3% during the 1st quarter. CWM LLC now owns 5,850 shares of the company's stock worth $83,000 after purchasing an additional 1,289 shares during the last quarter. Victory Capital Management Inc. grew its position in Ranger Energy Services by 20.0% during the 1st quarter. Victory Capital Management Inc. now owns 47,659 shares of the company's stock worth $676,000 after purchasing an additional 7,958 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Ranger Energy Services by 7.2% in the 1st quarter. LPL Financial LLC now owns 95,145 shares of the company's stock worth $1,350,000 after acquiring an additional 6,400 shares during the period. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services.

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