In a report released today, Tom Curran from B.Riley FBR reiterated a Buy rating on Ranger Energy Services (RNGR), with a price target of $9.00. The company’s shares closed last Monday at $6.96.
According to TipRanks.com, Curran has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.9% and a 35.8% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure, Independence Contract Drilling, and Select Energy Services.
Ranger Energy Services has an analyst consensus of Strong Buy, with a price target consensus of $9.00, representing a 29.1% upside. In a report issued on December 2, Credit Suisse also upgraded the stock to Buy with a $8.00 price target.
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Ranger Energy Services’ market cap is currently $61.07M and has a P/E ratio of 22.01. The company has a Price to Book ratio of 0.54.
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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.
