Ranger Energy Services - RNGR Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ranger Energy Services in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RNGR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RNGR, but not buy additional shares or sell existing shares.
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2 Wall Street analysts have issued 12 month price objectives for Ranger Energy Services' stock. Their RNGR share price forecasts range from $14.00 to $15.00. On average, they expect the company's share price to reach $14.50 in the next year. This suggests a possible upside of 51.5% from the stock's current price.
View analysts price targets for RNGR or view top-rated stocks among Wall Street analysts.

Ranger Energy Services' stock was trading at $11.01 on January 1st, 2023. Since then, RNGR shares have decreased by 13.1% and is now trading at $9.57.
View the best growth stocks for 2023 here.

Ranger Energy Services saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 9,600 shares, an increase of 100.0% from the February 13th total of 4,800 shares. Based on an average daily trading volume, of 36,100 shares, the short-interest ratio is currently 0.3 days.
View Ranger Energy Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Ranger Energy Services, Inc. (NYSE:RNGR) released its earnings results on Tuesday, March, 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.01. The firm had revenue of $154.30 million for the quarter, compared to analysts' expectations of $164 million. Ranger Energy Services had a net margin of 2.48% and a trailing twelve-month return on equity of 5.74%.

Ranger Energy Services updated its FY 2023 earnings guidance on Wednesday, March, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $685.00 million-$715.00 million, compared to the consensus revenue estimate of $669.27 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ranger Energy Services investors own include Hawkins (HWKN), Bank of Hawaii (BOH), InterDigital (IDCC), STAG Industrial (STAG), CA (CA), Bank of America (BAC), BlackRock (BLK), Genocea Biosciences (GNCA), Transocean (RIG) and Chipotle Mexican Grill (CMG).

(RNGR) raised $85 million in an initial public offering on Friday, August 11th 2017. The company issued 5,000,000 shares at a price of $16.00-$18.00 per share. Credit Suisse, Simmons & Company International (Energy Specialists of Piper Jaffray) and Wells Fargo Securities served as the underwriters for the IPO and Barclays, Evercore ISI, Capital One Securities, Johnson Rice & Company, Raymond James and Scotia Howard Weil were co-managers.

Ranger Energy Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "RNGR."

Ranger Energy Services' stock is owned by many different retail and institutional investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (15.64%), Encompass Capital Advisors LLC (6.27%), Franklin Resources Inc. (2.71%), Renaissance Technologies LLC (0.64%), Morgan Stanley (0.59%) and Geode Capital Management LLC (0.46%). Insiders that own company stock include Byron A Dunn, John Brandon Blossman, Mario Humberto Hernandez and William M Austin.
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Shares of RNGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RNGR stock can currently be purchased for approximately $9.57.

Ranger Energy Services (NYSE:RNGR) has a market capitalization of $238.26 million and generates $608.50 million in revenue each year. The company earns $15.10 million in net income (profit) each year or $0.51 on an earnings per share basis.

The company employs 2,000 workers across the globe.

Ranger Energy Services' mailing address is 800 GESSNER SUITE 1000, HOUSTON TX, 77024. The official website for the company is www.rangerenergy.com. The company can be reached via phone at (713) 895-8900 or via email at brandon.blossman@rangerenergy.com.