Earnings from Ranger Energy Services Inc. [RNGR] are scheduled on April 22, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
RNGR Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn -$0.34 per share on revenue of $44.97M. Taking a look at the future, the company is projected to report revenue of $49.83M at an earnings per share of -$0.18 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 13.90% in revenue and 98.60% in earnings per share for the company.
RNGR Stock Earnings Forecast For The Current Year
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For the full financial year, Ranger Energy Services Inc. [NYSE:RNGR] is forecasted to generate revenue of $199.45M. The figure is about $11.65 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$0.69 in 2021, which is $0.52 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 43.00% this year, 98.60% next year, and 8.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 6.20% in current fiscal year and 13.90% over following year.
RNGR Stock Price Performance
At a recent check today, Ranger Energy Services Inc. [NYSE:RNGR] finished up 1.50% at $5.40. The stock’s day high price was $5.48, and its lowest was $5.31. Its price fall -3.27% in the last five days. Since the beginning of the year, Ranger Energy Services Inc.’s shares are up nearly 46.15%. However, the share price is -12.62% below its one year high. The top price reached by the shares of the company was $6.18 on 03/18/21, while the 52-week low came on 01/04/21, when the shares were $3.75. In the past year, shares of the company have risen 42.63%. At 50 days, the moving average achieved is $5.63 while at 200 days, the moving average is $3.87. There were 1128.0 shares traded in the last session, down from 11300.0 in the previous session.
Ranger Energy Services Inc. [NYSE:RNGR] Stock Valuation Metrics
Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.46 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.14 for the industry, which means RNGR offers an attractive investment opportunity than its competitors do.
RNGR Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 5.40 level, and the violation of this level will cause a further drop to 5.26 level. At the upper end, 5.60 remains a key resistance. As the stock increases, it may find resistance at 5.54. In the 14-day chart, the Relative Strength Index standing at 46.37 suggests a technical neutral stance while the MACD standing at -0.10 indicates price will decrease in the next trading period. Stochastic %K at 32.68% suggests holding the stock while Percent R indicator at 63.93% suggests low price movement.
How much is the short interest in Ranger Energy Services Inc.?
There have been a drop in short interest in the Ranger Energy Services Inc. Financial stock, with short interest up by 810.0 shares to 1990.0 shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 2800.0 shares. This -40.7% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 0.07% of the overall float in the stock, while the stock’s days to cover moved to 0.26.
How do analysts view Ranger Energy Services Inc.?
In regard to the share price forecast for Ranger Energy Services Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $7.00 in the next twelve months, representing almost an 22.86% growth from its recent price of $5.40. Among Ranger Energy Services Inc. stock projections, $7.00 is the highest analyst target for the stock, while $5.00 is the lowest. Despite this, 4 analysts who share their consensus rating for RNGR in 2021 agree that the stock is an Overweight. The latest rating change took place on 1/04/21, when Evercore ISI Group Ratings upgraded the stock from “In-Line” to “Outperform.”