Ranger Energy Services (NYSE:RNGR) Rating Lowered to Equal Weight at Barclays

Barclays lowered shares of Ranger Energy Services (NYSE:RNGR – Get Rating) from an overweight rating to an equal weight rating in a research report sent to investors on Tuesday, The Fly reports. They currently have $14.00 price target on the stock.

Separately, Piper Sandler boosted their price target on Ranger Energy Services from $13.00 to $15.00 and gave the company a neutral rating in a research note on Friday, November 18th.

Ranger Energy Services Stock Performance

Shares of NYSE RNGR opened at $11.20 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.45 and a debt-to-equity ratio of 0.05. Ranger Energy Services has a 12 month low of $8.40 and a 12 month high of $11.87. The stock has a 50 day moving average of $10.98 and a 200-day moving average of $10.06. The company has a market capitalization of $277.95 million, a P/E ratio of 9.33 and a beta of 1.35.

Ranger Energy Services (NYSE:RNGR – Get Rating) last issued its earnings results on Friday, October 28th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.39 by $0.15. The company had revenue of $177.00 million during the quarter, compared to the consensus estimate of $171.00 million. Ranger Energy Services had a return on equity of 0.60% and a net margin of 5.53%. As a group, equities research analysts predict that Ranger Energy Services will post 0.66 EPS for the current year.

Institutional Trading of Ranger Energy Services

Several institutional investors have recently added to or reduced their stakes in the company. Encompass Capital Advisors LLC boosted its stake in Ranger Energy Services by 0.7% in the 3rd quarter. Encompass Capital Advisors LLC now owns 1,574,988 shares of the company’s stock valued at $15,404,000 after purchasing an additional 10,868 shares during the period. Citadel Advisors LLC bought a new stake in shares of Ranger Energy Services during the 3rd quarter valued at $153,000. Dimensional Fund Advisors LP lifted its position in shares of Ranger Energy Services by 37.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 87,910 shares of the company’s stock valued at $860,000 after acquiring an additional 23,753 shares during the period. Virtu Financial LLC bought a new stake in shares of Ranger Energy Services during the 3rd quarter valued at $162,000. Finally, Royce & Associates LP lifted its position in shares of Ranger Energy Services by 8.5% during the 3rd quarter. Royce & Associates LP now owns 451,772 shares of the company’s stock valued at $4,418,000 after acquiring an additional 35,282 shares during the period. 35.79% of the stock is currently owned by institutional investors.

About Ranger Energy Services

(Get Rating)

Ranger Energy Services, Inc provides onshore high specification well service rigs, wireline completion 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.