Ranger Energy Services (NYSE:RNGR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and 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. “

Other analysts have also issued reports about the company. Wells Fargo & Co upgraded Ranger Energy Services from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $8.00 to $11.00 in a research note on Friday, March 29th. ValuEngine lowered Ranger Energy Services from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Barclays upgraded Ranger Energy Services from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $7.00 to $9.00 in a research note on Tuesday, March 12th. Credit Suisse Group set a $8.00 price objective on Ranger Energy Services and gave the company a “hold” rating in a research note on Thursday, March 7th. 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $10.08.

Shares of RNGR opened at $8.40 on Thursday. The firm has a market capitalization of $128.94 million, a price-to-earnings ratio of 18.67, a PEG ratio of 2.40 and a beta of 3.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.95 and a current ratio of 1.04. Ranger Energy Services has a 1 year low of $4.70 and a 1 year high of $10.78.

In related news, CFO John Brandon Blossman acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were bought at an average cost of $6.88 per share, for a total transaction of $27,520.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have purchased 8,500 shares of company stock worth $61,495. 4.33% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc raised its stake in shares of 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 purchasing an additional 14,832 shares during the period. Vanguard Group Inc. increased its stake in Ranger Energy Services by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock worth $2,148,000 after acquiring an additional 14,832 shares during the last quarter. B. Riley Financial Inc. raised its holdings in shares of Ranger Energy Services by 1.2% in the 4th quarter. B. Riley Financial Inc. now owns 886,726 shares of the company’s stock valued at $4,584,000 after acquiring an additional 10,500 shares in the last quarter. FMR LLC raised its holdings in shares of Ranger Energy Services by 1.7% in 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 in the last quarter. Finally, CAPROCK Group Inc. raised 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 acquiring an additional 2,868 shares in the last quarter. Institutional investors own 28.84% of the company’s stock.

About Ranger Energy Services

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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