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RNGR

Ranger Energy Services NYSE:RNGR Stock Report

Last Price

US$8.90

Market Cap

US$220.9m

7D

0.3%

1Y

24.5%

Updated

12 Aug, 2022

Data

Company Financials +
RNGR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends0/6

RNGR Stock Overview

Ranger Energy Services, Inc. provides onshore high specification well service rigs, wireline completion services, and complementary services to exploration and production companies in the United States.

Ranger Energy Services Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ranger Energy Services
Historical stock prices
Current Share PriceUS$8.90
52 Week HighUS$11.87
52 Week LowUS$6.65
Beta1.47
1 Month Change-5.82%
3 Month Change-9.28%
1 Year Change24.48%
3 Year Change34.85%
5 Year Change-37.10%
Change since IPO-37.41%

Recent News & Updates

Aug 01

Ranger Energy Services GAAP EPS of -$0.02, revenue of $153.6M beats by $29.1M

Ranger Energy Services press release (NYSE:RNGR): Q2 GAAP EPS of -$0.02. Revenue of $153.6M (+207.2% Y/Y) beats by $29.1M.

Shareholder Returns

RNGRUS Energy ServicesUS Market
7D0.3%7.4%3.2%
1Y24.5%31.7%-10.1%

Return vs Industry: RNGR underperformed the US Energy Services industry which returned 28.5% over the past year.

Return vs Market: RNGR exceeded the US Market which returned -11.7% over the past year.

Price Volatility

Is RNGR's price volatile compared to industry and market?
RNGR volatility
RNGR Average Weekly Movement4.5%
Energy Services Industry Average Movement9.7%
Market Average Movement7.7%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: RNGR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: RNGR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20171,915Stuart Boddenhttps://www.rangerenergy.com

Ranger Energy Services, Inc. provides onshore high specification well service rigs, wireline completion 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.

Ranger Energy Services Fundamentals Summary

How do Ranger Energy Services's earnings and revenue compare to its market cap?
RNGR fundamental statistics
Market CapUS$220.87m
Earnings (TTM)US$12.70m
Revenue (TTM)US$482.00m

17.4x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RNGR income statement (TTM)
RevenueUS$482.00m
Cost of RevenueUS$423.10m
Gross ProfitUS$58.90m
Other ExpensesUS$46.20m
EarningsUS$12.70m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.51
Gross Margin12.22%
Net Profit Margin2.63%
Debt/Equity Ratio23.2%

How did RNGR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is RNGR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RNGR?

Other financial metrics that can be useful for relative valuation.

RNGR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA21.8x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does RNGR's PE Ratio compare to its peers?

RNGR PE Ratio vs Peers
The above table shows the PE ratio for RNGR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average27x
HMLP Höegh LNG Partners
7.5x3.1%US$306.0m
SOI Solaris Oilfield Infrastructure
36.8x61.0%US$515.1m
NESR National Energy Services Reunited
16.9x54.2%US$627.7m
TTI TETRA Technologies
46.8x47.7%US$531.0m
RNGR Ranger Energy Services
17.4x86.6%US$220.9m

Price-To-Earnings vs Peers: RNGR is good value based on its Price-To-Earnings Ratio (17.4x) compared to the peer average (27x).


Price to Earnings Ratio vs Industry

How does RNGR's PE Ratio compare vs other companies in the US Energy Services Industry?

Price-To-Earnings vs Industry: RNGR is good value based on its Price-To-Earnings Ratio (17.4x) compared to the US Energy Services industry average (35.3x)


Price to Earnings Ratio vs Fair Ratio

What is RNGR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RNGR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.4x
Fair PE Ratio46.7x

Price-To-Earnings vs Fair Ratio: RNGR is good value based on its Price-To-Earnings Ratio (17.4x) compared to the estimated Fair Price-To-Earnings Ratio (46.7x).


Share Price vs Fair Value

What is the Fair Price of RNGR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate RNGR's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate RNGR's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Ranger Energy Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


86.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RNGR's forecast earnings growth (86.6% per year) is above the savings rate (1.9%).

Earnings vs Market: RNGR's earnings (86.6% per year) are forecast to grow faster than the US market (14.4% per year).

High Growth Earnings: RNGR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RNGR's revenue (12.1% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: RNGR's revenue (12.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if RNGR's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Ranger Energy Services performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


12.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RNGR has a high level of non-cash earnings.

Growing Profit Margin: RNGR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: RNGR has become profitable over the past 5 years, growing earnings by 12.3% per year.

Accelerating Growth: RNGR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RNGR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (112.2%).


Return on Equity

High ROE: RNGR's Return on Equity (3.8%) is considered low.


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Financial Health

How is Ranger Energy Services's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RNGR's short term assets ($129.8M) exceed its short term liabilities ($105.5M).

Long Term Liabilities: RNGR's short term assets ($129.8M) exceed its long term liabilities ($37.0M).


Debt to Equity History and Analysis

Debt Level: RNGR's net debt to equity ratio (21.1%) is considered satisfactory.

Reducing Debt: RNGR's debt to equity ratio has reduced from 26.2% to 23.2% over the past 5 years.

Debt Coverage: RNGR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if RNGR's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Ranger Energy Services's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate RNGR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RNGR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RNGR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RNGR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as RNGR has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

Stuart Bodden (53 yo)

0.92

Tenure

US$2,061,507

Compensation

Mr. Stuart N. Bodden has been the Chief Executive Officer, President and Director of Ranger Energy Services, Inc. since September 2021. He served as the Chief Executive Officer and President at Express Ene...


CEO Compensation Analysis

Compensation vs Market: Stuart's total compensation ($USD2.06M) is about average for companies of similar size in the US market ($USD1.66M).

Compensation vs Earnings: Insufficient data to compare Stuart's compensation with company performance.


Leadership Team

Experienced Management: RNGR's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: RNGR's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 38.7%.


Top Shareholders

Company Information

Ranger Energy Services, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Ranger Energy Services, Inc.
  • Ticker: RNGR
  • Exchange: NYSE
  • Founded: 2017
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: US$220.872m
  • Market Cap: US$220.872m
  • Shares outstanding: 24.82m
  • Website: https://www.rangerenergy.com

Number of Employees


Location

  • Ranger Energy Services, Inc.
  • 10350 Richmond
  • Suite 550
  • Houston
  • Texas
  • 77042
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.