Ranger Energy ServicesRNGR
Market Cap: $259M
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
90% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 21
1.01% more ownership
Funds ownership: 52.34% [Q1] → 53.34% (+1.01%) [Q2]
0% more funds holding
Funds holding: 93 [Q1] → 93 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
8% less capital invested
Capital invested by funds: $134M [Q1] → $123M (-$10.8M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barclays Derek Podhaizer 38% 1-year accuracy 3 / 8 met price target | 12%upside $13 | Equal-Weight Maintained | 16 Aug 2024 |
Piper Sandler Luke Lemoine 17% 1-year accuracy 5 / 30 met price target | 3%upside $12 | Neutral Maintained | 15 Jul 2024 |