$76.45 Million in Sales Expected for Ranger Energy Services Inc (NYSE:RNGR) This Quarter

Wall Street brokerages expect Ranger Energy Services Inc (NYSE:RNGR) to report $76.45 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Ranger Energy Services’ earnings, with the highest sales estimate coming in at $77.50 million and the lowest estimate coming in at $75.40 million. The company is scheduled to issue its next earnings results after the market closes on Thursday, February 27th.

On average, analysts expect that Ranger Energy Services will report full-year sales of $334.70 million for the current fiscal year, with estimates ranging from $332.10 million to $337.80 million. For the next financial year, analysts anticipate that the firm will report sales of $335.00 million, with estimates ranging from $331.30 million to $342.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Ranger Energy Services.

Several equities analysts recently issued reports on RNGR shares. Zacks Investment Research upgraded shares of Ranger Energy Services from a “strong sell” rating to a “buy” rating and set a $7.25 price target on the stock in a research report on Thursday, January 2nd. Barclays set a $7.00 price target on shares of Ranger Energy Services and gave the company a “buy” rating in a research report on Friday, October 25th. ValuEngine upgraded shares of Ranger Energy Services from a “strong sell” rating to a “sell” rating in a research report on Monday, December 30th. B. Riley reiterated a “buy” rating and set a $9.00 price target on shares of Ranger Energy Services in a research report on Thursday, December 12th. Finally, Credit Suisse Group upgraded shares of Ranger Energy Services from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $7.00 to $8.00 in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $8.05.

Shares of NYSE RNGR traded down $0.16 during midday trading on Friday, hitting $6.84. 3,085 shares of the company traded hands, compared to its average volume of 15,409. Ranger Energy Services has a 12-month low of $4.77 and a 12-month high of $8.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.12 and a current ratio of 1.16. The stock has a 50-day moving average price of $7.05 and a 200 day moving average price of $6.53. The firm has a market cap of $109.49 million, a P/E ratio of 18.49 and a beta of 3.27.

Several hedge funds and other institutional investors have recently made changes to their positions in RNGR. BlackRock Inc. grew its stake in Ranger Energy Services by 15.5% during the second quarter. BlackRock Inc. now owns 14,358 shares of the company’s stock valued at $115,000 after acquiring an additional 1,928 shares in the last quarter. Royal Bank of Canada grew its stake in Ranger Energy Services by 250,000.0% during the second quarter. Royal Bank of Canada now owns 7,503 shares of the company’s stock valued at $60,000 after acquiring an additional 7,500 shares in the last quarter. Royce & Associates LP grew its stake in Ranger Energy Services by 28.6% during the fourth quarter. Royce & Associates LP now owns 706,889 shares of the company’s stock valued at $4,552,000 after acquiring an additional 157,103 shares in the last quarter. Franklin Resources Inc. grew its stake in Ranger Energy Services by 14.6% during the fourth quarter. Franklin Resources Inc. now owns 295,745 shares of the company’s stock valued at $1,905,000 after acquiring an additional 37,700 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Ranger Energy Services by 18.0% during the fourth quarter. Renaissance Technologies LLC now owns 29,486 shares of the company’s stock valued at $190,000 after acquiring an additional 4,500 shares in the last quarter. Institutional investors own 26.78% of the company’s stock.

About Ranger Energy Services

Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; workover services, including retrieval and replacement of existing production tubing; well maintenance services comprising replacement of downhole artificial lift components; and decommissioning services consisting of plugging and abandonment services.

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Earnings History and Estimates for Ranger Energy Services (NYSE:RNGR)

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