Ranger Energy Services Inc (NASDAQ:RNGR) announced its quarterly earnings data on Thursday. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.47), Briefing.com reports. Ranger Energy Services had a negative net margin of 17.80% and a negative return on equity of 22.28%. The firm had revenue of $41.10 million during the quarter, compared to the consensus estimate of $43.84 million. Ranger Energy Services’s revenue was up 22.0% on a year-over-year basis.

Shares of Ranger Energy Services (RNGR) opened at $8.96 on Friday. Ranger Energy Services has a twelve month low of $8.87 and a twelve month high of $15.70.

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A number of brokerages have recently commented on RNGR. Capital One Financial Corporation reissued an “overweight” rating and issued a $17.00 price objective on shares of Ranger Energy Services in a research report on Tuesday, September 12th. Howard Weil began coverage on shares of Ranger Energy Services in a research report on Tuesday, September 5th. They issued a “sector perform” rating and a $21.00 price objective for the company. Scotiabank reissued a “sector perform” rating and issued a $21.00 price objective on shares of Ranger Energy Services in a research report on Tuesday, September 5th. Evercore ISI began coverage on shares of Ranger Energy Services in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 price objective for the company. Finally, Barclays PLC began coverage on shares of Ranger Energy Services in a research report on Tuesday, September 5th. They issued an “equal weight” rating and a $16.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.75.

In related news, Director Merrill A. Miller, Jr. bought 6,896 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average price of $14.50 per share, with a total value of $99,992.00. Following the acquisition, the director now owns 6,896 shares of the company’s stock, valued at approximately $99,992. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Energy Opportunity Gp I. L. Csl bought 612,069 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average cost of $14.50 per share, with a total value of $8,875,000.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 620,005 shares of company stock valued at $8,990,073 in the last ninety days.

About Ranger Energy Services

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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