Ranger Energy Services (RNGR) Stock Price, News & Analysis

Company Overview

Ranger Energy Services, Inc. provides onshore high specification well service rigs, wireline 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. The High Specification Rigs segment offers well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well; and well maintenance services. This segment also has a fleet of 402 well service rigs. The Wireline Services segment provides wireline production and intervention services to provide information to identify and resolve well production problems through cased hole logging, perforating, mechanical, and pipe recovery services; wireline completion services that are used primarily for pump down perforating operations to create perforations or entry holes through the production casing; and pumping services. This segment also has a fleet of 66 wireline units and 29 high-pressure pump trucks. The Processing Solutions and Ancillary Services segment rents well service-related equipment consisting of fluid pumps, power swivels, well control packages, hydraulic catwalks, frac tanks, pipe racks, and pipe handling tools; and coiled tubing, decommissioning, and snubbing services, as well as provides proprietary and modular equipment for the processing of natural gas streams. This segment also engages in the rental, installation, commissioning, start up, operation, and maintenance of mechanical refrigeration units, nitrogen gas liquid stabilizer units, nitrogen gas liquid storage units, and related equipment. Ranger Energy Services, Inc. was incorporated in 2017 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $15.84 to $16.57
• 50-Day Range: $11.42 to $15.78
• 52-Week Range: $9.27 to $16.57
• Volume: 129,494 shs
• Average Volume: 146,798 shs
• Market Capitalization: $368.46 million
• P/E Ratio: 25.09
• Dividend Yield: 1.21%
• Price Target: $12.50
• Consensus Rating: Hold

Ranger Energy Services Stock Analysis - MarketRank™

Ranger Energy Services scored higher than 35% of companies evaluated by MarketBeat, and ranked 201st out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Ranger Energy Services has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ranger Energy Services has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Ranger Energy Services is 25.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ranger Energy Services is 25.09, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.60.

Price to Book Value per Share Ratio

Ranger Energy Services has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.37% of the outstanding shares of Ranger Energy Services have been sold short.

Short Interest Ratio / Days to Cover

Ranger Energy Services has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in Ranger Energy Services has recently decreased by 13.23%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Ranger Energy Services pays a meaningful dividend of 1.26%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Ranger Energy Services does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Ranger Energy Services is 30.30%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.37% of the outstanding shares of Ranger Energy Services have been sold short.

Short Interest Ratio / Days to Cover

Ranger Energy Services has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in Ranger Energy Services has recently decreased by 13.23%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: N/A

News Sentiment

Ranger Energy Services has a news sentiment score of 1.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Ranger Energy Services this week, compared to 1 article on an average week.

MarketBeat Follows

1 people have added Ranger Energy Services to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Ranger Energy Services insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $188,755.00 in company stock.

Percentage Held by Insiders

Only 3.00% of the stock of Ranger Energy Services is held by insiders.

Percentage Held by Institutions

68.10% of the stock of Ranger Energy Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RNGR Stock Analysis - Frequently Asked Questions

How have RNGR shares performed this year?

Ranger Energy Services' stock was trading at $10.23 at the start of the year. Since then, RNGR stock has increased by 61.9% and is now trading at $16.56.
View the best growth stocks for 2024 here.

How were Ranger Energy Services' earnings last quarter?

Ranger Energy Services, Inc. (NYSE:RNGR) announced its quarterly earnings results on Monday, October, 28th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.10. The company earned $153 million during the quarter. Ranger Energy Services had a net margin of 2.54% and a trailing twelve-month return on equity of 5.54%.

When did Ranger Energy Services IPO?

Ranger Energy Services (RNGR) raised $85 million in an IPO on Friday, August 11th 2017. The company issued 5,000,000 shares at a price of $16.00-$18.00 per share. Credit Suisse, Simmons & Company International (Energy Specialists of Piper Jaffray) and Wells Fargo Securities served as the underwriters for the IPO and Barclays, Evercore ISI, Capital One Securities, Johnson Rice & Company, Raymond James and Scotia Howard Weil were co-managers.

Who are Ranger Energy Services' major shareholders?

Top institutional shareholders of Ranger Energy Services include Royce & Associates LP (4.41%), Foundry Partners LLC (2.03%), Geode Capital Management LLC (1.58%) and State Street Corp (1.45%). Insiders that own company stock include Charles S Leykum, Stuart Bodden, J Matt Hooker, Melissa Cougle and Byron A Dunn.
View institutional ownership trends.

How do I buy shares of Ranger Energy Services?

Shares of RNGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ranger Energy Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ranger Energy Services investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Arista Networks (ANET) and e.l.f. Beauty (ELF).

Company Calendar

• Ex-Dividend for 8/23 Dividend: 8/09/2024
• Dividend Payable: 8/23/2024
• Last Earnings: 10/28/2024
• Ex-Dividend for 11/22 Dividend: 11/08/2024
• Today: 11/21/2024
• Dividend Payable: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/03/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Oil & gas field services, not elsewhere classified
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:RNGR
• CUSIP: N/A
• CIK: 1699039
• Web: www.rangerenergy.com
• Phone: (713) 895-8900
• Fax: N/A
• Employees: 2,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.50
• High Stock Price Target: $13.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: -24.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.66
• Trailing P/E Ratio: 25.09
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $23.80 million
• Net Margins: 2.54%
• Pretax Margin: 3.71%
• Return on Equity: 5.54%
• Return on Assets: 4.01%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.00
• Quick Ratio: 1.91

Sales & Book Value

• Annual Sales: $636.60 million
• Price / Sales: 0.58
• Cash Flow: $2.98 per share
• Price / Cash Flow: 5.55
• Book Value: $11.62 per share
• Price / Book: 1.43

Miscellaneous

• Outstanding Shares: 22,250,000
• Free Float: 21,800,000
• Market Cap: $368.46 million
• Optionable: Optionable
• Beta: 0.49