Wall Street analysts forecast that Ranger Energy Services Inc (NYSE:RNGR) will report earnings per share of $0.02 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ranger Energy Services’ earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at ($0.01). The business is scheduled to report its next earnings report on Thursday, February 8th.

On average, analysts expect that Ranger Energy Services will report full-year earnings of ($0.39) per share for the current fiscal year. For the next fiscal year, analysts expect that the company will report earnings of $0.92 per share, with EPS estimates ranging from $0.91 to $0.93. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Ranger Energy Services.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Thursday, November 9th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.47). Ranger Energy Services had a negative return on equity of 13.05% and a negative net margin of 23.11%. The firm had revenue of $41.10 million for the quarter, compared to the consensus estimate of $43.84 million. The firm’s revenue was up 22.0% on a year-over-year basis.

Several brokerages recently issued reports on RNGR. Zacks Investment Research raised Ranger Energy Services from a “strong sell” rating to a “hold” rating in a report on Thursday. Barclays cut their price target on Ranger Energy Services from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 14th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $11.00 price target (down previously from $18.00) on shares of Ranger Energy Services in a report on Tuesday, November 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $17.25.

An institutional investor recently bought a new position in Ranger Energy Services stock. Pentwater Capital Management LP purchased a new stake in shares of Ranger Energy Services Inc (NYSE:RNGR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $735,000. Pentwater Capital Management LP owned 0.33% of Ranger Energy Services as of its most recent filing with the Securities and Exchange Commission. 32.43% of the stock is currently owned by institutional investors.

Ranger Energy Services (RNGR) traded up $0.80 during trading hours on Friday, reaching $10.02. The company’s stock had a trading volume of 48,500 shares, compared to its average volume of 34,737. The company has a market cap of $141.95 and a P/E ratio of -13.01. Ranger Energy Services has a 52 week low of $8.48 and a 52 week high of $15.70. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.04.

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Ranger Energy Services Company Profile

Ranger Energy Services, Inc is an independent provider of high-specification (high-spec) well service rigs and associated services in the United States. The Company focuses on unconventional horizontal well completion and production operations. The Company operates through Well Services and Processing Solutions segment.

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