Ranger Energy Services, Inc. provides onshore high specification well service rigs, wireline completion services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The High Specification Rigs segment offers well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well; and well maintenance services. It also rents well service-related equipment consisting of fluid pumps, power swivels, well control packages, hydraulic catwalks, frac tanks, pipe racks, and pipe handling tools. This segment also has a fleet of 136 well service rigs. The Completion and Other Services segment provides wireline completion services necessary to bring a well on production and other ancillary services utilized in conjunction with rig services to maintain the production of a well; fluid management; snubbing; and decommissioning services. The Processing Solutions segment offers proprietary and modular equipment for the processing of natural gas. This segment also engages in the rental, installation, commissioning, start up, operation, and maintenance of mechanical refrigeration units, nitrogen gas liquid stabilizer units, nitrogen gas liquid storage units, and related equipment. The company was incorporated in 2014 and is based in Houston, Texas.
IPO Year: 2017
Exchange: NYSE
Website: rangerenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2023 | $14.00 | Overweight → Equal Weight | Barclays |
| 8/9/2021 | $13.00 → $12.00 | Overweight | Barclays |
| 7/19/2021 | $5.00 → $13.00 | Equal-Weight → Overweight | Barclays |
10-Q - Ranger Energy Services, Inc. (0001699039) (Filer)
8-K - Ranger Energy Services, Inc. (0001699039) (Filer)
10-Q - Ranger Energy Services, Inc. (0001699039) (Filer)
8-K - Ranger Energy Services, Inc. (0001699039) (Filer)
8-K - Ranger Energy Services, Inc. (0001699039) (Filer)
10-Q - Ranger Energy Services, Inc. (0001699039) (Filer)
8-K - Ranger Energy Services, Inc. (0001699039) (Filer)
ARS - Ranger Energy Services, Inc. (0001699039) (Filer)
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4 - Ranger Energy Services, Inc. (0001699039) (Issuer)
4 - Ranger Energy Services, Inc. (0001699039) (Issuer)
4 - Ranger Energy Services, Inc. (0001699039) (Issuer)
4 - Ranger Energy Services, Inc. (0001699039) (Issuer)
4 - Ranger Energy Services, Inc. (0001699039) (Issuer)
4 - Ranger Energy Services, Inc. (0001699039) (Issuer)
Barclays downgraded Ranger Energy Services from Overweight to Equal Weight and set a new price target of $14.00
Barclays reiterated coverage of Ranger Energy Services with a rating of Overweight and set a new price target of $12.00 from $13.00 previously
Barclays upgraded Ranger Energy Services from Equal-Weight to Overweight and set a new price target of $13.00 from $5.00 previously
B. Riley resumed coverage of Ranger Energy Services with a rating of Buy and set a new price target of $7.50 from $6.00 previously
Carla Mashinski and Sean Woolverton Bring Decades of Leadership Experience in the Oil and Natural Gas Industry Ranger Energy Services (NYSE:RNGR) ("Ranger" or the "Company") announced today the appointment of Carla Mashinski and Sean Woolverton to its Board of Directors (the "Board"), effective January 1, 2024. In conjunction with the appointment of Ms. Mashinski and Mr. Woolverton, William Austin, Ranger's Chairman of the Board, and Richard Agee will retire from the Ranger Board of Directors, effective December 31, 2023. The Board has unanimously elected Michael Kearney to succeed Mr. Austin as Chairman upon his retirement. "We are excited to welcome Carla and Sean to the Board," comme
Ranger Energy Services, Inc. (NYSE:RNGR) ("Ranger" or the "Company") announced today the appointment of Justin Whitley to the position of General Counsel and Corporate Secretary, effective October 24, 2022. Stuart Bodden, President, and Chief Executive Officer of Ranger stated, "I am excited that Justin will be joining Ranger. He brings a deep understanding of the oil service business and has an operational partnership mentality that we value here at Ranger. He will be a great addition to the team and provide legal advice on a wide range of commercial, operational and strategic matters." Mr. Whitley brings nearly two decades of legal experience in the oil and gas industry. Most recently,
Ranger Energy Services, Inc. (NYSE:RNGR) ("Ranger" or the "Company") announced today the appointment of Melissa Cougle to the position of Chief Financial Officer ("CFO"), effective June 15, 2022. Ms. Cougle succeeds Brandon Blossman, who will be stepping down as Ranger's CFO to pursue other opportunities, effective June 10, 2022. Ms. Cougle brings nearly two decades of finance leadership experience in the energy and oilfield services industry, including CFO roles at Frank's International and National Energy Services Reunited. She also serves on the boards of both Tidewater Incorporated and the Energy Workforce & Technology Council. She brings a deep public company finance background includ
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Ranger Energy Services, Inc. (NYSE:RNGR) ("Ranger" or the "Company") announced today its results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue of $153.0 million, representing an 11% increase from $138.1 million in the second quarter of 2024 and a 7% decrease from $164.4 million in the third quarter of 2023 Net income of $8.7 million, or $0.39 per fully diluted share, an 85% increase from $4.7 million in the second quarter 2024 and a decrease of $0.7 million from $9.4 million in the third quarter of 2023 Adjusted EBITDA(1) of $25.1 million representing a 20% increase from $21.0 million reported in the second quarter of 2024 and a 5% increase fro
Ranger Energy Services, Inc. (NYSE:RNGR) (the "Company") will report third quarter financial and operating results before the market opens for trading on Monday, October 28, 2024. Following the announcement, the Company's management will host an earnings conference call at 10:00 a.m. Eastern time (9:00 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 Services call) or via the Company's website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com. About Ranger Energy Services, Inc.
Ranger Energy Services, Inc. (NYSE:RNGR) ("Ranger" or the "Company") announced today its results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Revenue of $138.1 million, with revenue increasing quarter over quarter in High Specification Rig and Ancillary segments offsetting declines in wireline completions activity High specification rig revenue of $82.7 million set another segment record, and represents a 4% increase from $79.7 million in the first quarter of 2024 and a 7% increase from $77.6 million in second quarter of 2023 Net income of $4.7 million, or $0.21 per fully diluted share, representing an increase of $5.5 million from the first quarter
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 calls, (request to join the Ranger Energy Services call) or via the Company's website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com.
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 future quarters – Net loss of $0.8 million, or negative $0.03 per fully diluted share, a decrease from net income of $6.2 million, or $0.25 per share in first quarter of 2023 – Adjusted EBITDA(1) of $10.9 million, a 46% de
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 Services call) or via the Company's website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com. About Ranger Energy Services, Inc. R
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 in 2022, resulting in a 13.3% Adjusted EBITDA margin – Full year 2023 free cash flow(1) of $54.3 million or $2.21 per share representing 22% of the trailing 30 day stock price(2) – Executed a comprehensive capital
Ranger Energy Services, Inc. (NYSE:RNGR) (the "Company") will report fourth quarter and full year 2023 financial and operating results before the market opens for trading on Tuesday, March 5, 2024. Following the announcement, the Company's management will host an earnings conference call the morning of Tuesday, March 5, 2024 at 11:00 a.m. Eastern time (10:00 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 Services call) or via the Company's website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from
Ranger Energy Services, Inc. (NYSE:RNGR) ("Ranger" or the "Company") announced today its results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights – Revenue of $164.4 million, a 1% increase from $163.2 million in the second quarter 2023 – Net income of $9.4 million, or $0.38 per fully diluted share, up from $6.1 million, or $0.24 per share in second quarter of 2023 – Adjusted EBITDA1 of $24.0 million, a 10% increase from $21.9 million in second quarter of 2023 – Repurchased $2.7 million of shares under existing share repurchase authorization with total repurchases year to date of $8.6 million – Paid first dividend in Ranger history of $0.05 per share
Ranger Energy Services, Inc. (NYSE:RNGR) (the "Company") will report third quarter financial and operating results before the market opens for trading on Tuesday, October 31, 2023. Following the announcement, the Company's management will host an earnings conference call at 10:00 a.m. Eastern time (9:00 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 Services call) or via the Company's website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com. About Ranger Energy Services, In
Piper Sandler analyst Luke Lemoine maintains Ranger Energy Services (NYSE:RNGR) with a Neutral and lowers the price target from $13 to $12.
Ranger Energy Services (NYSE:RNGR) reported quarterly losses of $(0.03) per share which missed the analyst consensus estimate of $0.12 by 125 percent. This is a 112 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $136.900 million which missed the analyst consensus estimate of $144.750 million by 5.42 percent. This is a 13.08 percent decrease over sales of $157.500 million the same period last year.
Ranger Energy Services (NYSE:RNGR) reported quarterly earnings of $0.09 per share which missed the analyst consensus estimate of $0.29 by 68.97 percent. This is a 70 percent decrease over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $151.50 million which beat the analyst consensus estimate of $151.00 million by 0.33 percent. This is a 1.81 percent decrease over sales of $154.30 million the same period last year.
Ranger Energy Services (NYSE:RNGR) is set to give its latest quarterly earnings report on Tuesday, 2024-03-05. Here's what investors need to know before the announcement. Analysts estimate that Ranger Energy Services will report an earnings per share (EPS) of $0.29. Ranger Energy Services bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.09, which was follow
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Ranger Energy Services, Inc. (NYSE:RNGR) Ranger Energy Services reported worse-than-expected third-quarter revenue results and issued
What are Value Stocks? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Below is a list of notable value stocks in the energy sector: Ranger Energy Services (NYSE:RNGR) - P/E: 8.58 Natural Resources (NYSE:NRP) - P/E: 6.33 TORM (NASDAQ:TRMD) - P/E: 3.93 Matador Resources (NYSE:MTDR) - P/E: 8.32 Marathon Petroleum (NYSE:MPC) - P/E: 5.57 Most recently, Ranger Energy Services reported earnings per share at $0.38, whereas in Q2 earnings per share sat at $0.24. Most recently, the compan
In light of lower than expected customer activity, the Company is updating its financial expectations for the year. The Company does see signals of an improving North America onshore environment from currently depressed rig counts; however, fourth quarter results are expected to be heavily influenced by weather events and customer plans at year end which could cause results to vary from expectations. Additionally, updated capital expenditure guidance reflects additional purchases of capital equipment associated with the recently signed customer agreement and pump refurbishments. The Company anticipates resuming quarter over quarter growth in 2024 when a more supportive industry backdrop come
Companies Reporting Before The Bell • BBVA (NYSE:BBVA) is likely to report earnings for its third quarter. • BP (NYSE:BP) is expected to report quarterly earnings at $1.37 per share on revenue of $57.71 billion. • Anheuser-Busch InBev (NYSE:BUD) is likely to report quarterly earnings at $0.83 per share on revenue of $15.71 billion. • argenx (NASDAQ:ARGX) is projected to report quarterly loss at $1.53 per share on revenue of $308.38 million. • Ares Management (NYSE:ARES) is projected to report quarterly earnings at $0.87 per share on revenue of $707.69 million. • PJT Partners (NYSE:PJT) is expected to report quarterly earnings at $0.49 per share on revenue of $231.98 million. • NexPoin
4 - Ranger Energy Services, Inc. (0001699039) (Issuer)
4 - Ranger Energy Services, Inc. (0001699039) (Issuer)
4 - Ranger Energy Services, Inc. (0001699039) (Issuer)
4 - Ranger Energy Services, Inc. (0001699039) (Issuer)
Ranger Energy Services, Inc. (NYSE:RNGR) ("Ranger" or the "Company") announced today its results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue of $153.0 million, representing an 11% increase from $138.1 million in the second quarter of 2024 and a 7% decrease from $164.4 million in the third quarter of 2023 Net income of $8.7 million, or $0.39 per fully diluted share, an 85% increase from $4.7 million in the second quarter 2024 and a decrease of $0.7 million from $9.4 million in the third quarter of 2023 Adjusted EBITDA(1) of $25.1 million representing a 20% increase from $21.0 million reported in the second quarter of 2024 and a 5% increase fro
Ranger Energy Services, Inc. (NYSE:RNGR) (the "Company") will report third quarter financial and operating results before the market opens for trading on Monday, October 28, 2024. Following the announcement, the Company's management will host an earnings conference call at 10:00 a.m. Eastern time (9:00 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 Services call) or via the Company's website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com. About Ranger Energy Services, Inc.
NEW YORK, NY / ACCESSWIRE / August 13, 2024 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day August Micro-Cap Conference taking place Wednesday and Thursday, August 14-15, 2024. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links. Presentation Schedule*All Times EDTWednesday, August 14, 2024 (Day 1)8:30-9:00*****Alta Global Group (MMA)Mobile-health Network (MNDR)9:15-9:45Steakholder Foods Ltd. (STKH)*****Regenx Tech (RGXTF)10:00-10:30*****Genius Group (GNS)*****10:45-11:15ARC Document Solutions (ARC)Xtract One Technologies (XTRA.TO)C
Ranger Energy Services, Inc. (NYSE:RNGR) ("Ranger" or the "Company") announced today its results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Revenue of $138.1 million, with revenue increasing quarter over quarter in High Specification Rig and Ancillary segments offsetting declines in wireline completions activity High specification rig revenue of $82.7 million set another segment record, and represents a 4% increase from $79.7 million in the first quarter of 2024 and a 7% increase from $77.6 million in second quarter of 2023 Net income of $4.7 million, or $0.21 per fully diluted share, representing an increase of $5.5 million from the first quarter
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com DENVER, July 29, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for EnerCom Denver – The Energy Investment Conference can now request One-on-One meetings with senior management teams of participating companies (listed below). The energy investment community and industry professionals are encouraged to register now for EnerCom Denver, which will take place August 18–21, 2024, at the Westin Denver Downtown. There is no cost to register for the conference
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 calls, (request to join the Ranger Energy Services call) or via the Company's website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com.
EnerCom is accepting applications from start-up companies focused on innovation in alternative energy, advanced oil and gas technology, environmental sustainability and carbon solutions to participate in The Energy Transition and Emerging Technology Session Registration for institutional investors, portfolio managers, financial analysts, CIOs, and others in the investment community is free DENVER, June 24, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that the upcoming EnerCom Denver - The Energy Investment Conference will once again include The Energy Transition and Emerging Technology Session featuring quick-pitch investment pitches from promising start-up energy and technology
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 future quarters – Net loss of $0.8 million, or negative $0.03 per fully diluted share, a decrease from net income of $6.2 million, or $0.25 per share in first quarter of 2023 – Adjusted EBITDA(1) of $10.9 million, a 46% de
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 Services call) or via the Company's website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com. About Ranger Energy Services, Inc. R
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 in 2022, resulting in a 13.3% Adjusted EBITDA margin – Full year 2023 free cash flow(1) of $54.3 million or $2.21 per share representing 22% of the trailing 30 day stock price(2) – Executed a comprehensive capital