RNGR Stock Summary and Trading Ideas (Ranger Energy Services Class A | NYSE:RNGR)

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.

Ranger Energy Services Class A trades on the NYSE stock market under the symbol RNGR.

As of May 10, 2024, RNGR stock price declined to $10.05 with 156,000 million shares trading.

RNGR has a beta of -0.72, meaning it tends to be less sensitive to market movements. RNGR has a correlation of 0.05 to the broad based SPY ETF.

RNGR has a market cap of $229.98 million. This is considered a Small Cap stock.

Last quarter Ranger Energy Services Class A reported $137 million in Revenue and -$.03 earnings per share. This fell short of revenue expectation by $-8 million and missed earnings estimates by -$.10.

In the last 3 years, RNGR stock traded as high as $14.64 and as low as $5.33.

The top ETF exchange traded funds that RNGR belongs to (by Net Assets): VTI, IWM, VXF, AVUV, IWN.

RNGR has underperformed the market in the last year with a price return of -9.1% while the SPY ETF gained +27.8%. RNGR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.0% and -2.0%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

RNGR support price is $10.22 and resistance is $10.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RNGR stock will trade within this expected range on the day.