Ranger Energy Services (RNGR) Set to Announce Quarterly Earnings on Monday

Ranger Energy Services (NYSE:RNGR) is scheduled to be announcing its earnings results after the market closes on Monday, July 29th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Tuesday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.08). Ranger Energy Services had a net margin of 2.73% and a return on equity of 6.18%. The business had revenue of $136.90 million for the quarter, compared to analysts’ expectations of $135.00 million. On average, analysts expect Ranger Energy Services to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ranger Energy Services Trading Up 1.2 %

NYSE:RNGR opened at $11.46 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.90. Ranger Energy Services has a fifty-two week low of $9.27 and a fifty-two week high of $14.64. The stock’s 50-day moving average is $10.45 and its two-hundred day moving average is $10.52. The stock has a market cap of $262.20 million, a PE ratio of 16.85 and a beta of 0.51.

Ranger Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.20 annualized dividend and a yield of 1.75%. Ranger Energy Services’s dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their price target on Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, July 15th.

Insider Buying and Selling at Ranger Energy Services

In other Ranger Energy Services news, CFO Melissa Cougle bought 7,500 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $9.60 per share, with a total value of $72,000.00. Following the acquisition, the chief financial officer now directly owns 71,842 shares of the company’s stock, valued at approximately $689,683.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services.