Is Ranger Energy's Business Highly Vulnerable to Oil & Gas Prices?

Core Insights - Ranger Energy Services Inc. (RNGR) is a leading well-service provider in the domestic market, with its business directly tied to the demand for well maintenance services [1] - RNGR's operations are closely linked to the pricing environment of crude oil and natural gas, making the business highly volatile and susceptible to market fluctuations [2] - Unlike many competitors, RNGR has a strong balance sheet, reporting zero net debt and total liquidity of $120 million as of June 30, 2025 [3][7] - Competitors Halliburton Company (HAL) and SLB have higher debt exposure, with HAL's debt-to-capitalization at 41.7% and SLB's at 38.9%, making them more vulnerable to commodity price changes [4] - RNGR's stock has increased by 3.4% over the past year, contrasting with a 7.8% decline in the broader industry [5] - The company trades at a trailing 12-month EV/EBITDA of 3.03X, significantly below the industry average of 6.78X, indicating potential undervaluation [8] - The Zacks Consensus Estimate for RNGR's 2025 earnings remains unchanged over the past week, with projected earnings of $1.24 per share for the current year [10][11]