Zacks Investment Research upgraded shares of Ranger Energy Services (NYSE:RNGR) from a hold rating to a buy rating in a research report released on Wednesday morning, Zacks.com reports. The firm currently has $9.50 price objective on the stock.

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 equities analysts have also commented on RNGR. ValuEngine upgraded Ranger Energy Services from a sell rating to a hold rating in a research note on Monday, April 1st. Wells Fargo & Co upgraded Ranger Energy Services from a market perform rating to an outperform rating and upped their target price for the company from $8.00 to $11.00 in a research note on Friday, March 29th. Credit Suisse Group set a $8.00 target price on Ranger Energy Services and gave the company a hold rating in a research note on Thursday, March 7th. Barclays upgraded Ranger Energy Services from an equal weight rating to an overweight rating and upped their target price for the company from $7.00 to $9.00 in a research note on Tuesday, March 12th. Finally, Capital One Financial lowered Ranger Energy Services from an overweight rating to an equal weight rating in a research note on Wednesday, January 16th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $10.08.

Shares of NYSE:RNGR opened at $8.40 on Wednesday. The firm has a market capitalization of $128.94 million, a PE ratio of 18.67, a P/E/G ratio of 2.40 and a beta of 3.47. Ranger Energy Services has a 52-week low of $4.70 and a 52-week high of $10.78. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.27.

In related news, CFO John Brandon Blossman bought 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was bought at an average price of $6.88 per share, with a total value of $27,520.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 8,500 shares of company stock valued at $61,495 in the last ninety days. Company insiders own 4.33% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc boosted its position in shares of Ranger Energy Services by 6.1% in the third quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock worth $2,148,000 after buying an additional 14,832 shares during the period. Vanguard Group Inc. boosted its position in shares of Ranger Energy Services by 6.1% in the third quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock worth $2,148,000 after buying an additional 14,832 shares during the period. B. Riley Financial Inc. boosted its position in shares of Ranger Energy Services by 1.2% in the fourth quarter. B. Riley Financial Inc. now owns 886,726 shares of the company’s stock worth $4,584,000 after buying an additional 10,500 shares during the period. FMR LLC boosted its position in shares of Ranger Energy Services by 1.7% in the third quarter. FMR LLC now owns 781,042 shares of the company’s stock worth $6,545,000 after buying an additional 13,415 shares during the period. Finally, CAPROCK Group Inc. boosted its position in shares of Ranger Energy Services by 28.7% in the fourth quarter. CAPROCK Group Inc. now owns 12,868 shares of the company’s stock worth $67,000 after buying an additional 2,868 shares during the period. 28.84% of the stock is owned by institutional investors.

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: Earnings Per Share (EPS)

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