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 twelve months. 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 brokerages have issued twelve-month price objectives for Ranger Energy Services' stock. Their RNGR share price forecasts range from $14.00 to $15.00. On average, they anticipate the company's stock price to reach $14.50 in the next twelve months. This suggests a possible upside of 23.8% 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 start of the year. Since then, RNGR shares have increased by 6.4% and is now trading at $11.71.
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Ranger Energy Services saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 7,400 shares, a decrease of 64.6% from the December 31st total of 20,900 shares. Based on an average daily trading volume, of 39,000 shares, the days-to-cover ratio is presently 0.2 days.
View Ranger Energy Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023.
View our RNGR earnings forecast.

Ranger Energy Services, Inc. (NYSE:RNGR) announced its quarterly earnings results on Thursday, November, 4th. The company reported ($0.51) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by $0.31. The company had revenue of $81.70 million for the quarter, compared to analyst estimates of $82.90 million. Ranger Energy Services had a net margin of 5.53% and a trailing twelve-month return on equity of 0.60%. During the same period in the previous year, the firm posted ($0.38) EPS.

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 Asset Dedication LLC (0.32%). 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 $11.71.

Ranger Energy Services (NYSE:RNGR) has a market capitalization of $290.61 million and generates $577.30 million in revenue each year. The company earns $8.60 million in net income (profit) each year or $1.20 on an earnings per share basis.

The company employs 1,915 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.