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Ranger Energy (RNGR) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-29 23:06
Core Viewpoint - Ranger Energy reported quarterly earnings of $0.21 per share, significantly exceeding the Zacks Consensus Estimate of $0.06 per share, although down from $0.24 per share a year ago [1][4] Financial Performance - The company posted revenues of $138.1 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.07%, but down from $163.2 million year-over-year [2] - This quarterly report represents an earnings surprise of 250%, contrasting with a previous loss of $0.03 per share [4] - The current consensus EPS estimate for the upcoming quarter is $0.14 on revenues of $142 million, and for the current fiscal year, it is $0.32 on revenues of $557 million [10] Stock Performance - Ranger Energy shares have increased approximately 12% since the beginning of the year, compared to a 14.5% gain for the S&P 500 [3] - The company has surpassed consensus revenue estimates three times over the last four quarters [2] Earnings Outlook - The earnings outlook for Ranger Energy is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [9] - The sustainability of the stock's immediate price movement will depend on management's commentary during the earnings call [5] Industry Context - The Oil and Gas - Field Services industry, to which Ranger Energy belongs, is currently ranked in the bottom 9% of over 250 Zacks industries, suggesting potential challenges ahead [11]
Ranger Energy Services(RNGR) - 2024 Q2 - Quarterly Results
2024-07-29 20:39
EXHIBIT 99.1 Ranger Energy Services, Inc. Announces Q2 2024 Results HOUSTON, TX--(July 29, 2024) - Ranger Energy Services, Inc. (NYSE: RNGR) ("Ranger" or the "Company") announced today its results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights "Free Cash Flow" is not presented in accordance with U.S. GAAP and should be considered in addition to, rather than as a substitute for, net income as a measure of our performance or net cash provided by operating activities as a measure of ...
Ranger Energy Services: A Compelling Buy With Insider Buying And Robust Financials
Seeking Alpha· 2024-07-20 08:52
| --- | --- | --- | |-------------------------------------------------------------|-------|-------------| | | | | | ProPetro Holding Corp. | | 1,150.6 | | Select Water Solutions, Inc. Oil States International, Inc. | | 940.2 384.5 | | KLX Energy Services Holdings, Inc. | | 57.6 | | Dril-Quip, Inc. | | 980.7 | | Mammoth Energy Services, Inc. | | 290.1 | | Solaris Oilfield Infrastructure, Inc. | | 210.4 | Despite a challenging Q1 2024, Ranger Energy Services Inc. (NYSE:RNGR) has a solid financial position, an ...
Ranger Energy Services(RNGR) - 2024 Q1 - Earnings Call Transcript
2024-05-07 17:22
Ranger Energy Services, Inc. (NYSE:RNGR) Q1 2024 Results Conference Call May 7, 2024 9:00 AM ET Company Participants Stuart Bodden - CEO Melissa Cougle - CFO Conference Call Participants Don Crist - Johnson Rice John Daniel - Daniel Energy Partners John Fichthorn - Dialectic Capital Operator Thank you, and welcome to Ranger Energy Services First Quarter of 2024 Results Conference Call. Ranger has issued a press release summarizing operating and financial results for the 3 months ended March 31, 2024. This p ...
Ranger Energy Services(RNGR) - 2024 Q1 - Quarterly Report
2024-05-07 10:40
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or (713) 935-8900 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38183 RANGER ENERGY SERVICES, INC. ...
Ranger Energy Services(RNGR) - 2024 Q1 - Quarterly Results
2024-05-07 10:32
Ranger Energy Services, Inc. Announces Q1 2024 Results HOUSTON, TX--(May 7, 2024) - Ranger Energy Services, Inc. (NYSE: RNGR) ("Ranger" or the "Company") announced today its results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Management Comments Stuart Bodden, Ranger's Chief Executive Officer, commented, "This quarter's results presented Ranger with a unique set of challenges that adversely impacted multiple service lines. As mentioned in our year-end investor call, 2024 got of ...
Ranger Energy Services(RNGR) - 2023 Q4 - Annual Report
2024-03-05 22:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38183 RANGER ENERGY SERVICES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...
Ranger Energy Services(RNGR) - 2023 Q4 - Earnings Call Transcript
2024-03-05 20:16
Ranger Energy Services, Inc. (NYSE:RNGR) Q4 2023 Earnings Conference Call March 5, 2024 11:00 AM ET Company Participants Stuart Bodden – Chief Executive Officer Melissa Cougle – Chief Financial Officer Conference Call Participants Luke Lemoine – Piper Sandler Don Crist – Johnson Rice Derek Podhaizer – Barclays John Daniel – Daniel Energy Partners William Kim – Custodio Asset Management Operator Thank you, and welcome to Ranger Energy Services Fourth Quarter and Full Year 2023 Results Conference Call. Ranger ...
Ranger Energy Services(RNGR) - 2023 Q4 - Earnings Call Presentation
2024-03-05 15:48
Industry and Market Data: This presentation has been prepared by Ranger and includes market data and other statistical information from third-party sources, including independent industry publications, government publications or other published independent sources. Although Ranger believes these third-party sources are reliable as of their respective dates, Management has not independently verified the accuracy or completeness of this information. Some data are also based on the management estimates and app ...
Ranger Energy Services(RNGR) - 2023 Q3 - Quarterly Report
2023-10-31 20:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38183 RANGER ENERGY SERVICES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaw ...