Piper Sandler analyst Luke Lemoine maintained a Hold rating on Ranger Energy Services (RNGR – Research Report) today and set a price target of $13.00. The company’s shares closed last Friday at $10.43.
According to TipRanks, Lemoine is a 4-star analyst with an average return of 9.6% and a 66.17% success rate. Lemoine covers the Energy sector, focusing on stocks such as Solaris Oilfield Infrastructure, Helix Energy, and Schlumberger.
Currently, the analyst consensus on Ranger Energy Services is a Hold with an average price target of $12.50, representing a 19.85% upside. In a report released on May 10, Barclays also maintained a Hold rating on the stock with a $12.00 price target.
Based on Ranger Energy Services’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $136.9 million and a GAAP net loss of $800 thousand. In comparison, last year the company earned a revenue of $157.5 million and had a net profit of $6.2 million
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RNGR in relation to earlier this year.
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Ranger Energy Services (RNGR) Company Description:
Ranger Energy Services, Inc. engages in the provision of service rigs and associated services. It operate through the following segments: High Specification Rigs; Completion and Other Services; and Processing Solutions. The High Specification Rig segment provides service rigs and complementary equipment and services. The Completion and Other Services segment consists of wireline and snubbing lines of business. The Processing Solutions segment is involved in rental, installation, commissioning, start-up, operation and maintenance of mechanical refrigeration units, natural gas liquid (NGL) stabilizer units, NGL storage units, and related equipment. The company was founded in February 2017 and is headquartered in Houston, TX.
