Ranger Energy Services (NYSE:RNGR) - Share price, News & Analysis

RNGR fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	2/6
Financial Health	4/6
Dividends	0/6

RNGR Stock Overview

Rewards

Price-To-Earnings ratio (17.4x) is below the Energy Services industry average (35.3x)

Earnings are forecast to grow 86.61% per year

Became profitable this year

Risk Analysis

High level of non-cash earnings

Shareholders have been diluted in the past year

Ranger Energy Services Competitors

Höegh LNG Partners

NYSE:HMLP

US$306.0m

Solaris Oilfield Infrastructure

NYSE:SOI

US$515.1m

National Energy Services Reunited

NasdaqCM:NESR

US$627.7m

TETRA Technologies

NYSE:TTI

US$531.0m

Price History & Performance

Summary of all time highs, changes and price drops for Ranger Energy Services
Historical stock prices
Current Share Price	US$8.90
52 Week High	US$11.87
52 Week Low	US$6.65
Beta	1.47
1 Month Change	-5.82%
3 Month Change	-9.28%
1 Year Change	24.48%
3 Year Change	34.85%
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

	RNGR	US Energy Services	US Market
7D	0.3%	7.4%	3.2%
1Y	24.5%	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 Movement	4.5%
Energy Services Industry Average Movement	9.7%
Market Average Movement	7.7%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	3.2%

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

Founded	Employees	CEO	Website
2017	1,915	Stuart Bodden	https://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 Cap	US$220.87m
Earnings (TTM)	US$12.70m
Revenue (TTM)	US$482.00m

17.4x

P/E Ratio

0.5x

P/S Ratio

Is RNGR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
RNGR income statement (TTM)
Revenue	US$482.00m
Cost of Revenue	US$423.10m
Gross Profit	US$58.90m
Other Expenses	US$46.20m
Earnings	US$12.70m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.51
Gross Margin	12.22%
Net Profit Margin	2.63%
Debt/Equity Ratio	23.2%

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.

The above table shows the n/a ratio for RNGR. This is calculated by dividing RNGR's market cap by their current preferred multiple.
What is RNGR's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$220.87m

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/Revenue	0.6x
Enterprise Value/EBITDA	21.8x
PEG Ratio	0.2x

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.
Company	PE	Estimated Growth	Market Cap
Peer Average	27x
HMLP Höegh LNG Partners	7.5x	3.1%	US$306.0m
SOI Solaris Oilfield Infrastructure	36.8x	61.0%	US$515.1m
NESR National Energy Services Reunited	16.9x	54.2%	US$627.7m
TTI TETRA Technologies	46.8x	47.7%	US$531.0m
RNGR Ranger Energy Services	17.4x	86.6%	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 Ratio	17.4x
Fair PE Ratio	46.7x

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

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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.

Discover strong past performing companies

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%.

Data	Last Updated (UTC time)
Company Analysis	2022/08/12 00:00
End of Day Share Price	2022/08/12 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31