Equities research analysts expect Ranger Energy Services Inc (NYSE:RNGR) to report $0.18 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ranger Energy Services’ earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.13. Ranger Energy Services reported earnings per share of ($0.42) during the same quarter last year, which would indicate a positive year over year growth rate of 142.9%. The company is expected to issue its next earnings report after the market closes on Tuesday, November 6th.

On average, analysts expect that Ranger Energy Services will report full year earnings of $0.29 per share for the current year, with EPS estimates ranging from $0.09 to $0.49. For the next financial year, analysts expect that the business will post earnings of $0.70 per share, with EPS estimates ranging from $0.16 to $1.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Ranger Energy Services.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings data on Tuesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.18). Ranger Energy Services had a negative net margin of 5.73% and a negative return on equity of 2.77%. The firm had revenue of $73.10 million during the quarter, compared to the consensus estimate of $75.75 million.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Ranger Energy Services from a “sell” rating to a “hold” rating in a research note on Saturday. Piper Jaffray Companies restated a “buy” rating and issued a $12.00 price objective on shares of Ranger Energy Services in a research note on Monday, August 13th. Finally, ValuEngine cut Ranger Energy Services from a “hold” rating to a “sell” rating in a research note on Monday, August 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Ranger Energy Services has a consensus rating of “Hold” and a consensus price target of $12.25.

In related news, Director Merrill A. Miller, Jr. purchased 11,850 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were purchased at an average cost of $8.47 per share, for a total transaction of $100,369.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.33% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. LMR Partners LLP bought a new stake in shares of Ranger Energy Services during the second quarter valued at about $179,000. Paloma Partners Management Co bought a new stake in shares of Ranger Energy Services during the second quarter valued at about $264,000. Millennium Management LLC bought a new stake in shares of Ranger Energy Services during the second quarter valued at about $670,000. B. Riley Financial Inc. increased its position in shares of Ranger Energy Services by 30.3% during the second quarter. B. Riley Financial Inc. now owns 541,166 shares of the company’s stock valued at $4,962,000 after buying an additional 125,996 shares during the period. Finally, Royce & Associates LP increased its position in shares of Ranger Energy Services by 51.6% during the second quarter. Royce & Associates LP now owns 602,790 shares of the company’s stock valued at $5,528,000 after buying an additional 205,177 shares during the period. Hedge funds and other institutional investors own 28.96% of the company’s stock.

Ranger Energy Services stock traded up $0.04 during midday trading on Friday, reaching $7.64. The stock had a trading volume of 5,261 shares, compared to its average volume of 28,662. Ranger Energy Services has a 12 month low of $6.88 and a 12 month high of $14.88. The stock has a market capitalization of $132.17 million, a P/E ratio of -9.79, a P/E/G ratio of 5.41 and a beta of 2.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93.

About Ranger Energy Services

Ranger Energy Services, Inc provides well service rigs and associated services in the United States. It operates through two segments, Well Services and Processing Solutions. The company offers well completion support srevices, such as milling out composite plugs used during hydraulic fracturing; workover services, including retrieval and replacement of existing production tubing; well maintenance services comprising replacement of downhole artificial lift components; and decommissioning services consisting of plugging and abandonment services.

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