Ranger Energy Services (RNGR) Upgraded to Buy at Zacks Investment Research

Ranger Energy Services (NYSE:RNGR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm presently has a $8.25 price objective on the stock. Zacks Investment Research‘s price target indicates a potential upside of 10.00% from the company’s current price.

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. “

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Several other equities research analysts also recently weighed in on RNGR. B. Riley started coverage on Ranger Energy Services in a report on Tuesday, November 20th. They set a “buy” rating and a $10.00 price target for the company. ValuEngine downgraded Ranger Energy Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Capital One Financial downgraded Ranger Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 16th. Credit Suisse Group set a $8.00 price target on Ranger Energy Services and gave the stock a “hold” rating in a report on Thursday, March 7th. Finally, Barclays raised Ranger Energy Services from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $7.00 to $9.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.38.

Shares of NYSE RNGR opened at $7.50 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. Ranger Energy Services has a 1-year low of $4.70 and a 1-year high of $10.78. The firm has a market cap of $105.67 million, a P/E ratio of 376.75, a P/E/G ratio of 1.90 and a beta of 3.61.

A number of institutional investors have recently added to or reduced their stakes in the business. B. Riley Financial Inc. lifted its holdings in Ranger Energy Services by 1.2% in the fourth 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 during the period. FMR LLC lifted its holdings in Ranger Energy Services by 1.7% in the third 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 during the period. Royce & Associates LP lifted its holdings in Ranger Energy Services by 3.1% in the third quarter. Royce & Associates LP now owns 621,197 shares of the company’s stock valued at $5,206,000 after acquiring an additional 18,407 shares during the period. Vanguard Group Inc increased its position in shares of Ranger Energy Services by 6.1% in the third quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock valued at $2,148,000 after buying an additional 14,832 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Ranger Energy Services by 6.1% in the third quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock valued at $2,148,000 after buying an additional 14,832 shares in the last quarter. 28.33% of the stock is owned by institutional investors.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc provides well service rigs and associated services in the United States. It operates through two segments, Well Services and Processing Solutions. The company offers well completion support srevices, such as milling out composite plugs used during hydraulic fracturing; 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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