Ranger Energy Services, Inc. (NYSE:RNGR – Get Rating) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 124,900 shares, a decline of 22.2% from the July 15th total of 160,600 shares. Approximately 1.5% of the company's stock are short sold. Based on an average trading volume of 46,500 shares, the short-interest ratio is currently 2.7 days.
Ranger Energy Services Price Performance
Shares of RNGR stock opened at $8.90 on Monday. The firm has a fifty day moving average of $9.78 and a two-hundred day moving average of $10.03. The firm has a market cap of $220.87 million, a P/E ratio of 59.34 and a beta of 1.47. Ranger Energy Services has a 1-year low of $6.65 and a 1-year high of $11.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.23 and a quick ratio of 1.19.Get Ranger Energy Services alerts:
Ranger Energy Services (NYSE:RNGR – Get Rating) last posted its quarterly earnings results on Monday, August 1st. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.08). Ranger Energy Services had a negative return on equity of 7.78% and a net margin of 2.63%. During the same period last year, the company earned ($0.59) earnings per share.
Institutional Trading of Ranger Energy ServicesSeveral institutional investors have recently added to or reduced their stakes in RNGR. State Street Corp raised its stake in Ranger Energy Services by 20.5% during the first quarter. State Street Corp now owns 13,375 shares of the company's stock worth $137,000 after acquiring an additional 2,275 shares during the period. Raymond James & Associates acquired a new position in shares of Ranger Energy Services during the fourth quarter valued at $139,000. Northern Trust Corp bought a new position in shares of Ranger Energy Services during the second quarter worth about $222,000. Dimensional Fund Advisors LP increased its holdings in shares of Ranger Energy Services by 14.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 43,235 shares of the company's stock worth $443,000 after acquiring an additional 5,565 shares during the period. Finally, LPL Financial LLC lifted its position in Ranger Energy Services by 32.7% in the 2nd quarter. LPL Financial LLC now owns 70,200 shares of the company's stock valued at $712,000 after purchasing an additional 17,290 shares during the last quarter. Institutional investors own 92.40% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently commented on RNGR. Piper Sandler boosted their target price 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 raised their target price on Ranger Energy Services from $12.00 to $14.00 in a research note on Monday, May 2nd.
About Ranger Energy Services
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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