At the time of writing, Ranger Energy Services Inc [RNGR] stock is trading at $17.59, down -0.17%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RNGR shares have gain 11.05% over the last week, with a monthly amount glided 14.15%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ranger Energy Services Inc [NYSE: RNGR] stock has seen the most recent analyst activity on January 10, 2023, when Barclays downgraded its rating to a Equal Weight but kept the price target unchanged to $14 for it. Previously, Evercore ISI upgraded its rating to Outperform on January 04, 2021. On December 10, 2020, upgrade upgraded it’s rating to Buy but maintained its price target of $6 on the stock. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $6 on April 15, 2020. Barclays downgraded its rating to a Equal Weight. B. Riley FBR downgraded its rating to Neutral for this stock on March 17, 2020, and downed its price target to $6. In a note dated March 09, 2020, Evercore ISI downgraded an In-line rating on this stock.
For the past year, the stock price of Ranger Energy Services Inc fluctuated between $9.27 and $17.70. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. Ranger Energy Services Inc [NYSE: RNGR] shares were valued at $17.59 at the most recent close of the market. An investor can expect a potential drop of -26.09% based on the average RNGR price forecast.
Analyzing the RNGR fundamentals
According to Ranger Energy Services Inc [NYSE:RNGR], the company’s sales were 579.50M for trailing twelve months, which represents an -6.93% plunge. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.06 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.38 points at the first support level, and at 17.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.85, and for the 2nd resistance point, it is at 18.11.
Ratios To Look Out For
It is important to note that Ranger Energy Services Inc [NYSE:RNGR] has a current ratio of 2.00. Further, the Quick Ratio stands at 1.91, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 27.17.
Transactions by insiders
Recent insider trading involved Agee Brett T., Director, that happened on Dec 16 ’24 when 19209.0 shares were sold. Director, Agee Brett T. completed a deal on Dec 12 ’24 to sell 30791.0 shares. Meanwhile, Director Agee Brett T. sold 0.12 million shares on Dec 10 ’24.
