Ranger Energy Services Inc (RNGR) Given New $12.00 Price Target at Barclays PLC
Ranger Energy Services Inc (NYSE:RNGR) had its price objective lowered by stock analysts at Barclays PLC from $16.00 to $12.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “equal weight” rating on the stock. Barclays PLC’s target price indicates a potential upside of 31.58% from the stock’s current price.
A number of other brokerages have also recently commented on RNGR. Credit Suisse Group initiated coverage on Ranger Energy Services in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $19.00 price target on the stock. Wells Fargo & Company initiated coverage on Ranger Energy Services in a research note on Wednesday, September 6th. They issued an “outperform” rating and a $18.00 price target on the stock. Scotiabank reaffirmed a “sector perform” rating and issued a $21.00 price target on shares of Ranger Energy Services in a research note on Tuesday, September 5th. Capital One Financial Corporation reaffirmed an “overweight” rating and issued a $17.00 price target on shares of Ranger Energy Services in a research note on Tuesday, September 12th. Finally, Piper Jaffray Companies initiated coverage on Ranger Energy Services in a research note on Tuesday, September 12th. They issued an “overweight” rating and a $18.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ranger Energy Services presently has a consensus rating of “Buy” and a consensus price target of $17.25.
Shares of Ranger Energy Services (NYSE:RNGR) traded up $0.16 during trading on Tuesday, reaching $9.12. The company’s stock had a trading volume of 58,400 shares, compared to its average volume of 71,857. Ranger Energy Services has a 1-year low of $8.87 and a 1-year high of $15.70.
Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings results on Thursday, November 9th. The company reported ($0.42) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.47). The company had revenue of $41.10 million during the quarter, compared to analysts’ expectations of $43.84 million. Ranger Energy Services had a negative return on equity of 22.28% and a negative net margin of 17.80%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis.
In other Ranger Energy Services news, Director Merrill A. Miller, Jr. bought 6,896 shares of Ranger Energy Services stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average cost of $14.50 per share, with a total value of $99,992.00. Following the completion of the purchase, the director now owns 6,896 shares of the company’s stock, valued at $99,992. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Energy Opportunity Gp I. L. Csl bought 612,069 shares of Ranger Energy Services stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average cost of $14.50 per share, for a total transaction of $8,875,000.50. The disclosure for this purchase can be found here. Insiders have bought 620,005 shares of company stock worth $8,990,073 over the last three months.
An institutional investor recently bought a new position in Ranger Energy Services stock. Alyeska Investment Group L.P. purchased a new stake in shares of Ranger Energy Services Inc (NYSE:RNGR) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,100 shares of the company’s stock, valued at approximately $384,000. Alyeska Investment Group L.P. owned approximately 0.17% of Ranger Energy Services as of its most recent SEC filing.
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.
Receive News & Ratings for Ranger Energy Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ranger Energy Services Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.