Ranger Energy Services Inc (NYSE:RNGR)’s share price hit a new 52-week high and low during trading on Monday . The stock traded as low as $7.56 and last traded at $7.68, with a volume of 12031 shares changing hands. The stock had previously closed at $8.14.
Several brokerages have commented on RNGR. Piper Jaffray set a $12.00 price objective on Ranger Energy Services and gave the company a “buy” rating in a research report on Sunday. Barclays set a $10.00 price objective on Ranger Energy Services and gave the company a “hold” rating in a research report on Wednesday, March 14th. Wells Fargo downgraded Ranger Energy Services from an “outperform” rating to a “market perform” rating and set a $18.00 price objective on the stock. in a research report on Monday, March 12th. Finally, Zacks Investment Research raised Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Ranger Energy Services currently has a consensus rating of “Hold” and a consensus price target of $16.25.
The stock has a market cap of $124.37 and a P/E ratio of -10.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.
A number of institutional investors have recently made changes to their positions in RNGR. B. Riley Financial Inc. purchased a new stake in shares of Ranger Energy Services in the 4th quarter worth $2,598,000. Royce & Associates LP lifted its holdings in shares of Ranger Energy Services by 712.8% in the 4th quarter. Royce & Associates LP now owns 186,614 shares of the company’s stock worth $1,722,000 after buying an additional 163,654 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Ranger Energy Services by 71.8% in the 4th quarter. Franklin Resources Inc. now owns 272,400 shares of the company’s stock worth $2,514,000 after buying an additional 113,800 shares during the period. Pentwater Capital Management LP purchased a new stake in shares of Ranger Energy Services in the 3rd quarter worth $735,000. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Ranger Energy Services in the 3rd quarter worth $384,000. 31.17% of the stock is currently owned by institutional investors.
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About Ranger Energy Services
Ranger Energy Services, Inc is an independent provider of high-specification (high-spec) well service rigs and associated services in the United States. The Company focuses on unconventional horizontal well completion and production operations. The Company operates through Well Services and Processing Solutions segment.
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