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

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

Ranger Energy Services Stock Performance

NYSE RNGR traded down $0.10 on Monday, reaching $12.42. 340,022 shares of the stock traded hands, compared to its average volume of 204,767. The company has a fifty day moving average price of $15.49 and a 200-day moving average price of $16.17. The company has a market cap of $290.60 million, a price-to-earnings ratio of 20.70 and a beta of 0.25. Ranger Energy Services has a 12 month low of $11.88 and a 12 month high of $18.82.

Insider Buying and Selling at Ranger Energy Services

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Ranger Energy Services in a report on Monday, September 21st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.