Analysts expect Ranger Energy Services Inc (NYSE:RNGR) to post $91.15 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Ranger Energy Services’ earnings. The highest sales estimate is $94.90 million and the lowest is $86.00 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 business is scheduled to report its next quarterly earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that Ranger Energy Services will report full-year sales of $364.88 million for the current financial year, with estimates ranging from $346.80 million to $383.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $401.13 million, with estimates ranging from $387.30 million to $418.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Ranger Energy Services.
Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.11. Ranger Energy Services had a return on equity of 2.31% and a net margin of 1.34%. The firm had revenue of $88.30 million for the quarter, compared to the consensus estimate of $86.70 million.
In related news, CFO John Brandon Blossman bought 7,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of $6.35 per share, with a total value of $47,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Brc Partners Opportunity Fund, sold 8,772 shares of Ranger Energy Services stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $7.55, for a total value of $66,228.60. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 9,000 shares of company stock worth $58,800 and sold 56,983 shares worth $437,416. 4.86% of the stock is currently owned by insiders.
A hedge fund recently bought a new stake in Ranger Energy Services stock. Dimensional Fund Advisors LP purchased a new position in shares of Ranger Energy Services Inc (NYSE:RNGR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,854 shares of the company’s stock, valued at approximately $77,000. Dimensional Fund Advisors LP owned 0.09% of Ranger Energy Services as of its most recent filing with the Securities & Exchange Commission. 28.21% of the stock is owned by hedge funds and other institutional investors.
RNGR opened at $7.10 on Wednesday. The firm has a 50-day moving average price of $6.63. Ranger Energy Services has a 1 year low of $4.70 and a 1 year high of $10.78. The firm has a market cap of $107.56 million, a P/E ratio of 15.78 and a beta of 3.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.13 and a quick ratio of 1.04.
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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