ValuEngine upgraded shares of Ranger Energy Services (NYSE:RNGR) from a strong sell rating to a sell rating in a report released on Thursday.

A number of other equities research analysts have also weighed in on RNGR. Zacks Investment Research upgraded shares of Ranger Energy Services from a hold rating to a buy rating and set a $6.75 price objective for the company in a report on Tuesday, January 8th. B. Riley began coverage on shares of Ranger Energy Services in a report on Tuesday, November 20th. They issued a buy rating and a $10.00 price objective for the company. Piper Jaffray Companies set a $13.00 price objective on shares of Ranger Energy Services and gave the stock a buy rating in a report on Wednesday, October 3rd. Finally, Wells Fargo & Co lowered their price objective on shares of Ranger Energy Services from $9.00 to $8.00 and set a market perform rating for the company in a report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Ranger Energy Services has a consensus rating of Hold and an average target price of $9.55.

RNGR stock opened at $7.65 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 one year low of $4.70 and a one year high of $11.39. The company has a market capitalization of $108.83 million, a price-to-earnings ratio of -9.81, a P/E/G ratio of 1.54 and a beta of 2.53.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings results on Tuesday, November 6th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.09. The business had revenue of $82.10 million during the quarter, compared to analysts’ expectations of $79.85 million. Ranger Energy Services had a negative net margin of 2.76% and a positive return on equity of 0.14%. As a group, equities research analysts forecast that Ranger Energy Services will post 0.28 earnings per share for the current fiscal year.

In other news, Director William M. Austin purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The stock was bought at an average cost of $8.08 per share, for a total transaction of $80,800.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 15,520 shares of company stock valued at $122,350 over the last quarter. 4.33% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC raised its holdings in Ranger Energy Services by 22.6% in the 2nd quarter. FMR LLC now owns 767,627 shares of the company’s stock worth $7,039,000 after purchasing an additional 141,395 shares in the last quarter. Royce & Associates LP grew its position in shares of Ranger Energy Services by 3.1% in the 3rd quarter. Royce & Associates LP now owns 621,197 shares of the company’s stock worth $5,206,000 after buying an additional 18,407 shares during the period. Millennium Management LLC purchased a new stake in shares of Ranger Energy Services in the 2nd quarter worth about $670,000. B. Riley Financial Inc. grew its position in shares of Ranger Energy Services by 61.9% in the 3rd quarter. B. Riley Financial Inc. now owns 876,226 shares of the company’s stock worth $7,343,000 after buying an additional 335,060 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in shares of Ranger Energy Services in the 2nd quarter worth about $264,000. Institutional investors and hedge funds own 28.78% of the company’s stock.

About Ranger Energy Services

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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