Ranger Energy Services (RNGR) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ranger Energy Services in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research 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.
View RNGR analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued twelve-month price targets for Ranger Energy Services' stock. Their RNGR share price forecasts range from $14.00 to $15.00. On average, they predict the company's share price to reach $14.50 in the next year. This suggests a possible upside of 15.9% 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 at the beginning of 2023. Since then, RNGR shares have increased by 13.7% and is now trading at $12.5150.
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Ranger Energy Services saw a drop in short interest in the month of August. As of August 15th, there was short interest totaling 303,700 shares, a drop of 40.1% from the July 31st total of 506,700 shares. Based on an average trading volume of 183,800 shares, the days-to-cover ratio is currently 1.7 days.
View Ranger Energy Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our RNGR earnings forecast.

Ranger Energy Services, Inc. (NYSE:RNGR) posted its quarterly earnings results on Monday, August, 7th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.18. The company earned $163.20 million during the quarter, compared to analyst estimates of $171 million. Ranger Energy Services had a trailing twelve-month return on equity of 12.52% and a net margin of 5.14%.

Ranger Energy Services declared a quarterly dividend on Monday, August 7th. Investors of record on Friday, August 18th will be paid a dividend of $0.05 per share on Friday, September 8th. This represents a $0.20 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, August 17th.
Read our dividend analysis for RNGR.

Ranger Energy Services (NYSE:RNGR) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.57%. The dividend payout ratio is 15.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RNGR will have a dividend payout ratio of 11.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RNGR.

Ranger Energy Services issued an update on its FY 2023 earnings guidance on Monday, August, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $660.00 million-$680.00 million, compared to the consensus revenue estimate of $674.00 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 (IPO) on Friday, August 11th 2017. The company issued 5,000,000 shares at $16.00-$18.00 per share. Credit Suisse, Simmons & Company International (Energy Specialists of Piper Jaffray) and Wells Fargo Securities acted 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 a number of institutional and retail investors. Top institutional investors include Encompass Capital Advisors LLC (6.26%), BlackRock Inc. (2.98%), Royce & Associates LP (2.20%), Franklin Resources Inc. (2.15%), Renaissance Technologies LLC (1.26%) and Geode Capital Management LLC (1.12%). Insiders that own company stock include Byron A Dunn, J Matt Hooker, John Brandon Blossman and William M Austin.
View institutional ownership trends.

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 $12.52.

Ranger Energy Services (NYSE:RNGR) has a market capitalization of $306.87 million and generates $608.50 million in revenue each year. The company earns $15.10 million in net income (profit) each year or $1.33 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.