Piper Sandler analyst Luke Lemoine maintained a Hold rating on Ranger Energy Services (RNGR – Research Report) today and set a price target of $12.00. The company’s shares closed last Friday at $11.17.
Lemoine covers the Energy sector, focusing on stocks such as Tenaris SA, Core Laboratories, and Helix Energy. According to TipRanks, Lemoine has an average return of 4.3% and a 57.80% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Ranger Energy Services with a $12.00 average price target.
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RNGR market cap is currently $253.1M and has a P/E ratio of 11.73.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RNGR in relation to earlier this year.
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Ranger Energy Services (RNGR) Company Description:
Ranger Energy Services, Inc. engages in the provision of service rigs and associated services. It operate through the following segments: High Specification Rigs; Completion and Other Services; and Processing Solutions. The High Specification Rig segment provides service rigs and complementary equipment and services. The Completion and Other Services segment consists of wireline and snubbing lines of business. The Processing Solutions segment is involved in rental, installation, commissioning, start-up, operation and maintenance of mechanical refrigeration units, natural gas liquid (NGL) stabilizer units, NGL storage units, and related equipment. The company was founded in February 2017 and is headquartered in Houston, TX.
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