Equities research analysts predict that Ranger Energy Services Inc (NYSE:RNGR) will announce sales of $91.15 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ranger Energy Services’ earnings. The lowest sales estimate is $86.00 million and the highest is $94.90 million. Ranger Energy Services posted sales of $73.10 million during the same quarter last year, which suggests a positive year-over-year growth rate of 24.7%. The company is scheduled to report its next quarterly earnings report on Tuesday, August 6th.
On average, analysts expect that Ranger Energy Services will report full-year sales of $364.88 million for the current fiscal year, with estimates ranging from $346.80 million to $383.70 million. For the next financial year, analysts forecast that the business will post sales of $401.13 million, with estimates ranging from $387.30 million to $418.90 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Ranger Energy Services.
Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.10 by $0.11. The business had revenue of $88.30 million for the quarter, compared to analyst estimates of $86.70 million. Ranger Energy Services had a net margin of 1.34% and a return on equity of 2.31%.
Shares of RNGR stock traded down $0.06 during trading hours on Monday, hitting $6.14. The company’s stock had a trading volume of 90 shares, compared to its average volume of 20,087. The firm has a market capitalization of $98.64 million, a PE ratio of 13.60 and a beta of 3.10. Ranger Energy Services has a twelve month low of $4.70 and a twelve month high of $10.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.13 and a quick ratio of 1.04.
In related news, insider Brc Partners Opportunity Fund, sold 21,197 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $7.77, for a total transaction of $164,700.69. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John Brandon Blossman bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were purchased at an average price of $6.88 per share, for a total transaction of $27,520.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 16,000 shares of company stock worth $109,120 and have sold 56,983 shares worth $437,416. 4.86% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in RNGR. Vanguard Group Inc. boosted its position in Ranger Energy Services by 6.1% during the third quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock worth $2,148,000 after acquiring an additional 14,832 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Ranger Energy Services by 6.1% in the 3rd quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock valued at $2,148,000 after purchasing an additional 14,832 shares during the last quarter. B. Riley Financial Inc. boosted its holdings in shares of Ranger Energy Services by 1.2% in the 4th quarter. B. Riley Financial Inc. now owns 886,726 shares of the company’s stock valued at $4,584,000 after purchasing an additional 10,500 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Ranger Energy Services in the 4th quarter valued at $77,000. Finally, Morgan Stanley boosted its holdings in shares of Ranger Energy Services by 520.9% in the 1st quarter. Morgan Stanley now owns 11,760 shares of the company’s stock valued at $94,000 after purchasing an additional 9,866 shares during the last quarter. Hedge funds and other institutional investors own 28.21% of the company’s stock.
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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