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Ranger Energy Services (NYSE:RNGR) Announces Quarterly Earnings Results, Misses Estimates By $0.08 EPS

kopsource ·  Aug 3, 2022 12:51

Ranger Energy Services (NYSE:RNGR – Get Rating) issued its quarterly earnings results on Monday. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.08), MarketWatch Earnings reports. Ranger Energy Services had a negative return on equity of 7.96% and a net margin of 2.63%. During the same quarter last year, the business posted ($0.59) EPS.

Ranger Energy Services Trading Up 1.5 %

Shares of Ranger Energy Services stock traded up $0.13 during trading hours on Wednesday, hitting $8.91. The company's stock had a trading volume of 13,363 shares, compared to its average volume of 28,316. Ranger Energy Services has a 1-year low of $6.65 and a 1-year high of $11.87. The business has a fifty day moving average of $10.07 and a 200 day moving average of $10.12. The company has a market capitalization of $220.08 million, a PE ratio of 59.40 and a beta of 1.47. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 0.06.

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Analysts Set New Price Targets

RNGR has been the subject of several research analyst reports. Piper Sandler upped their price target on shares of Ranger Energy Services from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Thursday, May 19th. Barclays increased their price objective on shares of Ranger Energy Services from $12.00 to $14.00 in a research report on Monday, May 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Ranger Energy Services by 2.0% in the first quarter. Vanguard Group Inc. now owns 259,651 shares of the company's stock valued at $2,661,000 after purchasing an additional 5,051 shares during the period. Renaissance Technologies LLC boosted its stake in Ranger Energy Services by 57.3% during the 1st quarter. Renaissance Technologies LLC now owns 123,790 shares of the company's stock valued at $1,269,000 after acquiring an additional 45,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Ranger Energy Services by 14.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 43,235 shares of the company's stock valued at $443,000 after acquiring an additional 5,565 shares during the last quarter. Raymond James & Associates boosted its stake in Ranger Energy Services by 91.4% during the 1st quarter. Raymond James & Associates now owns 25,847 shares of the company's stock valued at $265,000 after acquiring an additional 12,343 shares during the last quarter. Finally, State Street Corp boosted its stake in Ranger Energy Services by 20.5% during the 1st quarter. State Street Corp now owns 13,375 shares of the company's stock valued at $137,000 after acquiring an additional 2,275 shares during the last quarter. 92.40% of the stock is currently owned by hedge funds and other institutional investors.

Ranger Energy Services Company Profile

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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.

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