Ranger Energy Services (NYSE:RNGR) Posts Quarterly Earnings Results

Ranger Energy Services (NYSE:RNGR) announced its quarterly earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16), FiscalAI reports. The business had revenue of $162.80 million for the quarter, compared to analyst estimates of $175.83 million. Ranger Energy Services had a return on equity of 4.87% and a net margin of 2.36%.

Ranger Energy Services Stock Down 0.8%

Shares of RNGR traded down $0.10 during trading hours on Monday, reaching $12.42. The company’s stock had a trading volume of 340,022 shares, compared to its average volume of 204,762. The company has a 50 day moving average of $15.49 and a two-hundred day moving average of $16.17. Ranger Energy Services has a 1-year low of $11.88 and a 1-year high of $18.82. The firm has a market cap of $290.60 million, a price-to-earnings ratio of 20.70 and a beta of 0.25.

Insider Buying and Selling at Ranger Energy Services

In other news, CEO Stuart Bodden sold 95,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $17.16, for a total value of $1,630,200.00. Following the transaction, the chief executive officer directly owned 273,800 shares of the company’s stock, valued at approximately $4,698,408. This represents a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ranger Energy Services in a research note on Monday, September 21st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc is an oilfield services company that supports the development, maintenance and production of oil and natural gas wells. The company primarily serves the onshore U.S. energy market, providing services throughout the life cycle of mature and producing wells.

Its operations include well servicing, workover and completion services, wireline and electric-line services, and equipment rental. Ranger’s well-servicing business uses a fleet of rigs to perform activities such as well maintenance, recompletions, remedial work and plugging and abandonment.