Ranger Energy Services
RNGR

$11.46

1.24%

Market Cap: 262M

About: Ranger Energy Services Inc is a provider of onshore high specification (high-spec) well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. It offers a range of well site services to U.S. exploration and production (E&P) companies that are fundamental to establishing and enhancing the flow of oil and natural gas throughout the productive life of a well. The segments of the group are High Specification Rigs, Wireline Services and Processing Solutions and Ancillary Services, of which key revenue is derived from High Specification Rigs segment.

Employees: 2,000

Energy Oil & Gas Field Services

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

41% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 27

14% more capital invested

Capital invested by funds: $116M [Q4 2023] → $133M (+$16.1M) [Q1 2024]

5.16% more ownership

Funds ownership: 46.65% [Q4 2023] → 51.81% (+5.16%) [Q1 2024]

4% less funds holding

Funds holding: 97 [Q4 2023] → 93 (-4) [Q1 2024]

22% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 18

25% less call options, than puts

Call options by funds: $9K | Put options by funds: $12K

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Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target

$12

5%

upside

Avg. target

$12

5%

upside

High target

$12

5%

upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Piper Sandler

Luke Lemoine

5%upside

$12

Neutral

Maintained

15 Jul 2024

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Financial journalist opinion

Ranger Energy Services: A Compelling Buy With Insider Buying And Robust Financials

Despite a challenging Q1 2024, the company has a net debt-free position, with over $85 million in liquidity. Recent insider buying by the CEO and CFO following a 20% share price sell-off. A strong share buyback program in place, and consistent quarterly dividends over the past year.

Ranger Energy Services: A Compelling Buy With Insider Buying And Robust Financials

Ranger Energy Services, Inc. Announces Date for Second Quarter 2024 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report second quarter financial and operating results after the market closes for trading on Monday, July 29, 2024. Following the announcement, the Company's management will host an earnings conference call the morning of Tuesday, July 30, 2024 at 9:00 a.m. Eastern time (8:00 a.m. Central time). Interested parties are invited to join the call by dialing 1-833-255-2829, or 1-412-902-6710 for international cal.

Ranger Energy Services, Inc. Announces Date for Second Quarter 2024 Earnings Conference Call

Zacks Investment Research

Ranger Energy (RNGR) Reports Q1 Loss, Tops Revenue Estimates

Ranger Energy (RNGR) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of $0.05. This compares to earnings of $0.25 per share a year ago.

Ranger Energy (RNGR) Reports Q1 Loss, Tops Revenue Estimates

Ranger Energy Services, Inc. Announces Q1 2024 Results

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights – Revenue of $136.9 million, a 13% decrease from $157.5 million in first quarter 2023 driven by declines in wireline completions and ancillary services – High specification rig revenue of $79.7 million, a 3% increase from $77.5 million in first quarter 2023 with additional growth anticipated in futur.

Ranger Energy Services, Inc. Announces Q1 2024 Results

Zacks Investment Research

Earnings Preview: Ranger Energy (RNGR) Q1 Earnings Expected to Decline

Ranger Energy (RNGR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Ranger Energy (RNGR) Q1 Earnings Expected to Decline

Ranger Energy Services, Inc. Announces Date for First Quarter 2024 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report first quarter financial and operating results before the market opens for trading on Tuesday, May 7, 2024. Following the announcement, the Company's management will host an earnings conference call at 9:00 a.m. Eastern time (8:00 a.m. Central time). Interested parties are invited to join the call by dialing 1-833-255-2829, or 1-412-902-6710 for international calls, (request to join the Ranger Energy S.

Ranger Energy Services, Inc. Announces Date for First Quarter 2024 Earnings Conference Call

Ranger Energy Services, Inc. (RNGR) Q4 2023 Earnings Call Transcript

Ranger Energy Services, Inc. (NYSE:RNGR ) Q4 2023 Earnings Conference Call March 5, 2024 11:00 AM ET Company Participants Stuart Bodden – Chief Executive Officer Melissa Cougle – Chief Financial Officer Conference Call Participants Luke Lemoine – Piper Sandler Don Crist – Johnson Rice Derek Podhaizer – Barclays John Daniel – Daniel Energy Partners William Kim – Custodio Asset Management Operator Thank you, and welcome to Ranger Energy Services Fourth Quarter and Full Year 2023 Results Conference Call. Ranger has issued a press release summarizing operating and financial results for the three and 12 months ended December 31, 2023.

Ranger Energy Services, Inc. (RNGR) Q4 2023 Earnings Call Transcript

Zacks Investment Research

Ranger Energy (RNGR) Q4 Earnings Miss Estimates

Ranger Energy (RNGR) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.30 per share a year ago.

Ranger Energy (RNGR) Q4 Earnings Miss Estimates

Ranger Energy Services, Inc. Announces Q4 2023 and Full Year 2023 Results

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the fourth quarter and full year ended December 31, 2023. Highlights – Full year 2023 revenue of $636.6 million, a 5% increase from $608.5 million in 2022 – Full year 2023 net income of $23.8 million, or $0.95 per fully diluted share, up from $15.1 million, or $0.65 per share in 2022 – Full year 2023 Adjusted EBITDA(1) of $84.4 million, a 6% increase from $79.5 million.

Ranger Energy Services, Inc. Announces Q4 2023 and Full Year 2023 Results

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