Ranger Energy Services Inc (NYSE:RNGR) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 18,700 shares, a growth of 19.1% from the May 30th total of 15,700 shares. Based on an average daily trading volume, of 12,600 shares, the short-interest ratio is presently 1.5 days. Approximately 0.4% of the company’s shares are sold short.
Several brokerages recently issued reports on RNGR. Wells Fargo & Co began coverage on shares of Propetro in a research note on Friday, March 29th. They set an “outperform” rating on the stock. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, Barclays reissued a “buy” rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $10.29.
In related news, major shareholder Brc Partners Opportunity Fund, sold 8,772 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $7.55, for a total transaction of $66,228.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO John Brandon Blossman acquired 7,500 shares of Ranger Energy Services stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average cost of $6.35 per share, for a total transaction of $47,625.00. The disclosure for this purchase can be found here. Insiders have sold 56,983 shares of company stock worth $437,416 in the last three months. Insiders own 4.86% of the company’s stock.
An institutional investor recently bought a new position in Ranger Energy Services stock. Dimensional Fund Advisors LP acquired a new position in Ranger Energy Services Inc (NYSE:RNGR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,854 shares of the company’s stock, valued at approximately $77,000. Dimensional Fund Advisors LP owned approximately 0.09% of Ranger Energy Services as of its most recent SEC filing. 28.21% of the stock is owned by hedge funds and other institutional investors.
NYSE:RNGR remained flat at $$7.90 during trading hours on Friday. 2,836 shares of the company’s stock were exchanged, compared to its average volume of 7,347. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.13. The firm has a market capitalization of $121.76 million, a PE ratio of 16.81 and a beta of 3.32. Ranger Energy Services has a 12 month low of $4.70 and a 12 month high of $10.74. The stock has a 50-day moving average of $6.84.
Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.11. The company had revenue of $88.30 million for the quarter, compared to the consensus estimate of $86.70 million. Ranger Energy Services had a net margin of 1.34% and a return on equity of 2.31%. As a group, sell-side analysts expect that Ranger Energy Services will post 0.82 earnings per share for the current fiscal year.
About Ranger Energy Services
Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; 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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