Ranger Energy Services (RNGR) Receiving Somewhat Favorable News Coverage, Study Finds

Media headlines about Ranger Energy Services (NYSE:RNGR) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ranger Energy Services earned a news impact score of 0.24 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.0015083997432 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Shares of Ranger Energy Services (NYSE:RNGR) traded up $0.13 during trading on Friday, reaching $10.27. The company’s stock had a trading volume of 24,398 shares, compared to its average volume of 47,520. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.26 and a current ratio of 1.26. Ranger Energy Services has a 1-year low of $8.48 and a 1-year high of $15.70.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings results on Thursday, November 9th. The company reported ($0.42) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.47). The company had revenue of $41.10 million during the quarter, compared to analysts’ expectations of $43.84 million. Ranger Energy Services had a negative return on equity of 14.10% and a negative net margin of 14.29%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. equities analysts expect that Ranger Energy Services will post -0.39 EPS for the current fiscal year.

RNGR has been the topic of a number of analyst reports. Zacks Investment Research raised Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research note on Thursday. Barclays decreased their price target on Ranger Energy Services from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 14th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $11.00 price target (down from $18.00) on shares of Ranger Energy Services in a research note on Tuesday, November 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Ranger Energy Services presently has a consensus rating of “Buy” and a consensus target price of $17.25.

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Ranger Energy Services Company Profile

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.

Insider Buying and Selling by Quarter for Ranger Energy Services (NYSE:RNGR)

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