Ranger Energy Services (NYSE:RNGR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Ranger Energy Services Inc. is a provider of well service rigs and services primarily in the United States. It focuses on unconventional horizontal well completion and production operations. Ranger Energy Services Inc. is based in HOUSTON, United States. “

Several other analysts have also weighed in on RNGR. Wells Fargo & Co initiated coverage on shares of Propetro in a research note on Friday, March 29th. They set an “outperform” rating for the company. ValuEngine upgraded shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, Barclays reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.29.

RNGR stock opened at $7.90 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. Ranger Energy Services has a 1-year low of $4.70 and a 1-year high of $10.74. The company’s fifty day simple moving average is $6.84. The company has a market capitalization of $121.74 million, a price-to-earnings ratio of 17.56 and a beta of 3.32.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Tuesday, April 30th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.11. Ranger Energy Services had a net margin of 1.34% and a return on equity of 2.31%. The firm had revenue of $88.30 million during the quarter, compared to analyst estimates of $86.70 million. As a group, equities research analysts predict that Ranger Energy Services will post 0.82 earnings per share for the current fiscal year.

In other news, major shareholder Brc Partners Opportunity Fund, sold 4,914 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $8.29, for a total transaction of $40,737.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Brandon Blossman purchased 7,500 shares of Ranger Energy Services stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average cost of $6.35 per share, with a total value of $47,625.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 56,983 shares of company stock valued at $437,416. Corporate insiders own 4.86% of the company’s stock.

A hedge fund recently bought a new stake in Ranger Energy Services stock. Dimensional Fund Advisors LP acquired a new position in Ranger Energy Services Inc (NYSE:RNGR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,854 shares of the company’s stock, valued at approximately $77,000. Dimensional Fund Advisors LP owned 0.09% of Ranger Energy Services as of its most recent SEC filing. 28.21% of the stock is owned by institutional investors and hedge funds.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; 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.

See Also: What is Cost of Capital?

Get a free copy of the Zacks research report on Ranger Energy Services (RNGR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Ranger Energy Services (NYSE:RNGR)

Receive News & Ratings for Ranger Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ranger Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.