NYSE:RNGR

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Ranger Energy Services

Market Cap

US$142.2m

Last Updated

2021/06/18 00:14 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Ranger Energy Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RNGR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: RNGR's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

9.3%

RNGR

-1.5%

US Energy Services

0.2%

US Market


1 Year Return

206.2%

RNGR

73.8%

US Energy Services

39.7%

US Market

Return vs Industry: RNGR exceeded the US Energy Services industry which returned 69.3% over the past year.

Return vs Market: RNGR exceeded the US Market which returned 39.9% over the past year.


Shareholder returns

RNGRIndustryMarket
7 Day9.3%-1.5%0.2%
30 Day30.0%2.1%2.5%
90 Day41.1%16.5%5.9%
1 Year206.2%206.2%79.4%73.8%41.9%39.7%
3 Year-10.4%-10.4%-40.1%-45.4%59.7%49.8%
5 Yearn/a-42.7%-52.3%125.6%100.3%

Long-Term Price Volatility Vs. Market

How volatile is Ranger Energy Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ranger Energy Services undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RNGR ($8) is trading below our estimate of fair value ($38.66)

Significantly Below Fair Value: RNGR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RNGR is unprofitable, so we can't compare its PE Ratio to the US Energy Services industry average.

PE vs Market: RNGR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RNGR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RNGR is good value based on its PB Ratio (0.7x) compared to the US Energy Services industry average (1.3x).


Future Growth

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

18.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if RNGR's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if RNGR's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RNGR's revenue (18.9% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: RNGR's revenue (18.9% 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


Past Performance

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

4.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RNGR is currently unprofitable.

Growing Profit Margin: RNGR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RNGR is unprofitable, but has reduced losses over the past 5 years at a rate of 4.2% per year.

Accelerating Growth: Unable to compare RNGR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RNGR is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (25.7%).


Return on Equity

High ROE: RNGR has a negative Return on Equity (-16.73%), as it is currently unprofitable.


Financial Health

How is Ranger Energy Services's financial position?


Financial Position Analysis

Short Term Liabilities: RNGR's short term assets ($37.4M) exceed its short term liabilities ($35.3M).

Long Term Liabilities: RNGR's short term assets ($37.4M) exceed its long term liabilities ($23.1M).


Debt to Equity History and Analysis

Debt Level: RNGR's debt to equity ratio (13.6%) is considered satisfactory.

Reducing Debt: RNGR's debt to equity ratio has reduced from 18.1% to 13.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable RNGR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: RNGR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 47.9% per year.


Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RNGR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Bill Austin (74 yo)

no data

Tenure

US$155,965

Compensation

Mr. William M. Austin, also known as Bill, serves as an Advisor of Key Energy Services Inc. He is Interim Chief Executive Officer and Chairman of Ranger Energy Services, Inc since June 2021. He was Indepen...


Leadership Team

Experienced Management: RNGR's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: RNGR's board of directors are considered experienced (3.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.8%.


Top Shareholders

Company Information

Ranger Energy Services, Inc.'s company bio, 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$142.183m
  • Market Cap: US$85.606m
  • Shares outstanding: 17.00m
  • Website: https://www.rangerenergy.com

Number of Employees


Location

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

Listings


Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/18 00:14
End of Day Share Price2021/06/17 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.