Ranger Energy Services Inc (NYSE:RNGR) Director Merrill A. Miller, Jr. bought 11,850 shares of Ranger Energy Services stock in a transaction dated Tuesday, September 4th. The stock was acquired at an average cost of $8.47 per share, for a total transaction of $100,369.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NYSE:RNGR opened at $8.40 on Friday. Ranger Energy Services Inc has a 52-week low of $6.88 and a 52-week high of $15.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $134.06 million and a price-to-earnings ratio of -10.77.
Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings data on Tuesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.18). Ranger Energy Services had a negative return on equity of 2.77% and a negative net margin of 5.73%. The firm had revenue of $73.10 million for the quarter, compared to analyst estimates of $75.75 million. analysts expect that Ranger Energy Services Inc will post 0.31 earnings per share for the current year.
RNGR has been the topic of several recent analyst reports. Zacks Investment Research downgraded Ranger Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. ValuEngine downgraded Ranger Energy Services from a “hold” rating to a “sell” rating in a report on Monday, August 20th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $12.00 price objective on shares of Ranger Energy Services in a report on Monday, August 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Ranger Energy Services has a consensus rating of “Hold” and an average price target of $12.88.
A number of large investors have recently bought and sold shares of the business. Deutsche Bank AG lifted its holdings in Ranger Energy Services by 148.0% during the 4th quarter. Deutsche Bank AG now owns 13,543 shares of the company’s stock worth $124,000 after buying an additional 8,083 shares in the last quarter. LMR Partners LLP acquired a new position in Ranger Energy Services during the 2nd quarter worth $179,000. Paloma Partners Management Co acquired a new position in Ranger Energy Services during the 2nd quarter worth $264,000. Millennium Management LLC acquired a new position in Ranger Energy Services during the 2nd quarter worth $670,000. Finally, B. Riley Financial Inc. lifted its holdings in Ranger Energy Services by 30.3% during the 2nd quarter. B. Riley Financial Inc. now owns 541,166 shares of the company’s stock worth $4,962,000 after buying an additional 125,996 shares in the last quarter. 28.96% of the stock is currently owned by hedge funds and other institutional investors.
Ranger Energy Services Company Profile
Ranger Energy Services, Inc provides well service rigs and associated services in the United States. It operates through two segments, Well Services and Processing Solutions. The company offers well completion support srevices, such as milling out composite plugs used during hydraulic fracturing; 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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