Zacks: Analysts Anticipate Ranger Energy Services Inc (NYSE:RNGR) to Post -$0.55 Earnings Per Share

Equities research analysts expect Ranger Energy Services Inc (NYSE:RNGR) to post earnings per share of ($0.55) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ranger Energy Services’ earnings. The highest EPS estimate is ($0.52) and the lowest is ($0.58). Ranger Energy Services posted earnings per share of $0.11 in the same quarter last year, which suggests a negative year-over-year growth rate of 600%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 23rd.

According to Zacks, analysts expect that Ranger Energy Services will report full year earnings of ($1.44) per share for the current fiscal year, with EPS estimates ranging from ($1.57) to ($1.31). For the next year, analysts anticipate that the company will post earnings of ($1.13) per share, with EPS estimates ranging from ($1.52) to ($0.73). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Ranger Energy Services.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $81.00 million for the quarter, compared to analysts’ expectations of $77.40 million. Ranger Energy Services had a return on equity of 0.04% and a net margin of 0.58%.

A number of equities analysts recently issued reports on RNGR shares. B. Riley lowered Ranger Energy Services from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $9.00 to $6.00 in a report on Tuesday, March 17th. Barclays lowered Ranger Energy Services from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $8.50 to $5.00 in a report on Thursday, March 19th. ValuEngine raised Ranger Energy Services from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Piper Sandler lowered Ranger Energy Services from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $10.00 to $6.00 in a report on Tuesday, April 14th. Finally, Zacks Investment Research raised Ranger Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, June 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $6.88.

RNGR stock traded down $0.01 on Wednesday, reaching $2.71. The company’s stock had a trading volume of 1 shares, compared to its average volume of 45,583. Ranger Energy Services has a 52 week low of $2.48 and a 52 week high of $8.11. The company has a market capitalization of $41.73 million, a P/E ratio of 14.47 and a beta of 2.30. The firm has a fifty day moving average of $3.41 and a two-hundred day moving average of $5.23. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.91 and a quick ratio of 0.85.

A number of hedge funds and other institutional investors have recently modified their holdings of RNGR. Franklin Resources Inc. boosted its stake in Ranger Energy Services by 14.6% during the 4th quarter. Franklin Resources Inc. now owns 295,745 shares of the company’s stock valued at $1,905,000 after purchasing an additional 37,700 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Ranger Energy Services by 18.0% during the 4th quarter. Renaissance Technologies LLC now owns 29,486 shares of the company’s stock valued at $190,000 after purchasing an additional 4,500 shares in the last quarter. Finally, UBS Group AG boosted its stake in Ranger Energy Services by 58.6% during the 4th quarter. UBS Group AG now owns 4,757 shares of the company’s stock valued at $30,000 after purchasing an additional 1,757 shares in the last quarter. 26.92% of the stock is owned by hedge funds and other institutional investors.

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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