Brokerages expect Ranger Energy Services Inc (NYSE:RNGR) to post sales of $78.80 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Ranger Energy Services’ earnings. The lowest sales estimate is $75.40 million and the highest is $83.50 million. The firm is scheduled to announce its next earnings results on Tuesday, March 3rd.
According to Zacks, analysts expect that Ranger Energy Services will report full-year sales of $336.47 million for the current year, with estimates ranging from $332.10 million to $343.10 million. For the next year, analysts expect that the company will post sales of $329.33 million, with estimates ranging from $318.60 million to $341.40 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Ranger Energy Services.
Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings results on Thursday, October 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.25). The company had revenue of $84.10 million during the quarter, compared to analyst estimates of $89.65 million. Ranger Energy Services had a net margin of 1.02% and a return on equity of 1.77%.
RNGR opened at $5.99 on Friday. The stock has a market capitalization of $90.25 million, a PE ratio of 13.31 and a beta of 3.22. The firm’s fifty day moving average price is $5.93 and its 200 day moving average price is $6.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.12. Ranger Energy Services has a 12-month low of $4.70 and a 12-month high of $8.76.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Capital Group LLC acquired a new stake in Ranger Energy Services in the second quarter valued at $32,000. Royal Bank of Canada raised its holdings in shares of Ranger Energy Services by 250,000.0% during the second quarter. Royal Bank of Canada now owns 7,503 shares of the company’s stock worth $60,000 after purchasing an additional 7,500 shares during the period. BlackRock Inc. raised its holdings in shares of Ranger Energy Services by 15.5% during the second quarter. BlackRock Inc. now owns 14,358 shares of the company’s stock worth $115,000 after purchasing an additional 1,928 shares during the period. Finally, Creative Planning acquired a new stake in shares of Ranger Energy Services during the second quarter worth $132,000. 26.76% of the stock is currently owned by hedge funds and other 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.
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