Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
11 August 2017Website:
http://www.rangerenergy.comNext earnings report:
31 October 2024Last dividends:
09 August 2024Next dividends:
N/APrice
after hours | Tue, 10 Sep 2024 20:03:15 GMTAnalysts recommendations
Institutional Ownership
RNGR Latest News
Ranger Energy (RNGR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Ranger Energy Services, Inc. (NYSE:RNGR ) Q2 2024 Results Earnings Conference Call July 30, 2024 9:00 AM ET Company Participants Stuart Bodden - President and Chief Executive Officer Melissa Cougle - Chief Financial Officer Conference Call Participants Don Crist - Johnson Rice Jeffrey Robertson - Water Tower Research Operator Thank you. And welcome to Ranger Energy Services Second Quarter 2024 Results Conference Call.
Ranger Energy (RNGR) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.24 per share a year ago.
Despite a challenging Q1 2024, the company has a net debt-free position, with over $85 million in liquidity. Recent insider buying by the CEO and CFO following a 20% share price sell-off. A strong share buyback program in place, and consistent quarterly dividends over the past year.
HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report second quarter financial and operating results after the market closes for trading on Monday, July 29, 2024. Following the announcement, the Company's management will host an earnings conference call the morning of Tuesday, July 30, 2024 at 9:00 a.m. Eastern time (8:00 a.m. Central time). Interested parties are invited to join the call by dialing 1-833-255-2829, or 1-412-902-6710 for international cal.
Ranger Energy (RNGR) lacks the necessary elements for a potential earnings beat in its upcoming report. Be ready with the key expectations.
Ranger Energy (RNGR) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.30 per share a year ago.
Ranger Energy Services managed to shine in 2023, despite challenging market conditions, securing respectable profits, and reinforcing its balance sheet. The recent stability in rig count numbers and positive outlook from industry giants suggest a promising future for RNGR in 2024. It is worth considering risks as well, especially in light of the outlook given by Baker Hughes.
Ranger Energy (RNGR) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.54 per share a year ago.
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What type of business is Ranger Energy Services?
Ranger Energy Services, Inc. provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The High Specification Rigs segment offers well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well; and well maintenance services. This segment also has a fleet of 402 well service rigs. The Wireline Services segment provides wireline production and intervention services to provide information to identify and resolve well production problems through cased hole logging, perforating, mechanical, and pipe recovery services; wireline completion services that are used primarily for pump down perforating operations to create perforations or entry holes through the production casing; and pumping services. This segment also has a fleet of 66 wireline units and 29 high-pressure pump trucks. The Processing Solutions and Ancillary Services segment rents well service-related equipment consisting of fluid pumps, power swivels, well control packages, hydraulic catwalks, frac tanks, pipe racks, and pipe handling tools; and coiled tubing, decommissioning, and snubbing services, as well as provides proprietary and modular equipment for the processing of natural gas streams. This segment also engages in the rental, installation, commissioning, start up, operation, and maintenance of mechanical refrigeration units, nitrogen gas liquid stabilizer units, nitrogen gas liquid storage units, and related equipment. Ranger Energy Services, Inc. was incorporated in 2017 and is headquartered in Houston, Texas.
What sector is Ranger Energy Services in?
Ranger Energy Services is in the Energy sector
What industry is Ranger Energy Services in?
Ranger Energy Services is in the Oil & Gas Equipment & Services industry
What country is Ranger Energy Services from?
Ranger Energy Services is headquartered in United States
When did Ranger Energy Services go public?
Ranger Energy Services initial public offering (IPO) was on 11 August 2017
What is Ranger Energy Services website?
https://www.rangerenergy.com
Is Ranger Energy Services in the S&P 500?
No, Ranger Energy Services is not included in the S&P 500 index
Is Ranger Energy Services in the NASDAQ 100?
No, Ranger Energy Services is not included in the NASDAQ 100 index
Is Ranger Energy Services in the Dow Jones?
No, Ranger Energy Services is not included in the Dow Jones index
When was Ranger Energy Services the previous earnings report?
No data
When does Ranger Energy Services earnings report?
The next expected earnings date for Ranger Energy Services is 31 October 2024