Wall Street brokerages expect that Ranger Energy Services Inc (NYSE:RNGR) will announce sales of $81.63 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ranger Energy Services’ earnings, with estimates ranging from $80.20 million to $82.80 million. Ranger Energy Services reported sales of $50.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 62.9%. The business is expected to announce its next earnings results on Tuesday, March 5th.

On average, analysts expect that Ranger Energy Services will report full-year sales of $299.43 million for the current financial year, with estimates ranging from $298.00 million to $300.60 million. For the next financial year, analysts forecast that the company will report sales of $365.23 million, with estimates ranging from $355.40 million to $373.50 million. Zacks’ sales 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 earnings results on Tuesday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. The firm had revenue of $82.10 million for the quarter, compared to analysts’ expectations of $79.85 million. Ranger Energy Services had a negative net margin of 2.76% and a positive return on equity of 0.14%.

RNGR has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Ranger Energy Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Piper Jaffray Companies set a $13.00 price objective on shares of Ranger Energy Services and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. B. Riley initiated coverage on shares of Ranger Energy Services in a research report on Tuesday, November 20th. They issued a “buy” rating and a $10.00 price objective on the stock. Wells Fargo & Co reduced their price objective on shares of Ranger Energy Services from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Thursday, November 8th. Finally, ValuEngine lowered shares of Ranger Energy Services from a “hold” rating to a “sell” rating in a research report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.05.

Shares of NYSE RNGR traded up $0.10 during mid-day trading on Friday, hitting $8.09. 42,557 shares of the company’s stock traded hands, compared to its average volume of 25,392. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. Ranger Energy Services has a 1 year low of $6.35 and a 1 year high of $11.39. The stock has a market capitalization of $124.31 million, a price-to-earnings ratio of -10.38, a P/E/G ratio of 5.62 and a beta of 2.34.

In other news, Director William M. Austin acquired 10,000 shares of Ranger Energy Services stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average cost of $8.08 per share, with a total value of $80,800.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.33% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. B. Riley Financial Inc. raised its position in Ranger Energy Services by 61.9% in the 3rd quarter. B. Riley Financial Inc. now owns 876,226 shares of the company’s stock worth $7,343,000 after purchasing an additional 335,060 shares during the period. FMR LLC raised its position in Ranger Energy Services by 1.7% in the 3rd quarter. FMR LLC now owns 781,042 shares of the company’s stock worth $6,545,000 after purchasing an additional 13,415 shares during the period. Royce & Associates LP grew its stake in Ranger Energy Services by 3.1% in the 3rd quarter. Royce & Associates LP now owns 621,197 shares of the company’s stock worth $5,206,000 after acquiring an additional 18,407 shares in the last quarter. Vanguard Group Inc. grew its stake in Ranger Energy Services by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock worth $2,148,000 after acquiring an additional 14,832 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Ranger Energy Services in the 2nd quarter worth about $670,000. 28.78% of the stock is currently owned by institutional investors.

Ranger Energy Services Company Profile

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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Earnings History and Estimates for Ranger Energy Services (NYSE:RNGR)

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