Ranger Energy Services (NYSE: RNGR) has recently received a number of price target changes and ratings updates:

  • 4/18/2019 – Ranger Energy Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 4/17/2019 – Ranger Energy Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.25 price target 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. “
  • 4/11/2019 – Ranger Energy Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 4/10/2019 – Ranger Energy Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.50 price target 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. “
  • 4/1/2019 – Ranger Energy Services was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/29/2019 – Ranger Energy Services was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $11.00 price target on the stock, up previously from $8.00.
  • 3/26/2019 – Ranger Energy Services was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 3/20/2019 – Ranger Energy Services was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/20/2019 – Ranger Energy Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 3/14/2019 – Ranger Energy Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.25 price target 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. “
  • 3/12/2019 – Ranger Energy Services was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $9.00 price target on the stock, up previously from $7.00.
  • 3/7/2019 – Ranger Energy Services was given a new $8.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.

Shares of RNGR opened at $7.40 on Monday. Ranger Energy Services Inc has a twelve month low of $4.70 and a twelve month high of $10.78. The firm has a market capitalization of $113.32 million, a PE ratio of 16.44, a PEG ratio of 2.11 and a beta of 3.47. 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 other Ranger Energy Services news, major shareholder Brc Partners Opportunity Fund, sold 4,914 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $8.29, for a total transaction of $40,737.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO John Brandon Blossman bought 4,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were acquired at an average cost of $6.88 per share, for a total transaction of $27,520.00. The disclosure for this purchase can be found here. Insiders purchased a total of 8,500 shares of company stock worth $61,495 in the last ninety days. 4.86% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. CAPROCK Group Inc. boosted its holdings in shares of Ranger Energy Services by 28.7% in the 4th quarter. CAPROCK Group Inc. now owns 12,868 shares of the company’s stock valued at $67,000 after buying an additional 2,868 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Ranger Energy Services in the 4th quarter worth approximately $77,000. Vanguard Group Inc lifted its stake in Ranger Energy Services by 6.1% during the 3rd quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock valued at $2,148,000 after acquiring an additional 14,832 shares during the period. Vanguard Group Inc. lifted its stake in Ranger Energy Services by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock valued at $2,148,000 after acquiring an additional 14,832 shares during the period. Finally, FMR LLC lifted its stake in Ranger Energy Services by 1.7% during the 3rd quarter. FMR LLC now owns 781,042 shares of the company’s stock valued at $6,545,000 after acquiring an additional 13,415 shares during the period. 28.84% of the stock is currently owned by institutional investors and hedge funds.

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.

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