Ranger Energy Services

Ranger Energy Services, Inc. engages in the provision of service rigs and associated services. It operates through the following segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The High Specification Rig segment offers service rigs and complementary equipment and services. The Completion and Other Services segment consists of wireline and snubbing lines of business. The Processing Solutions segment includes rental, installation, commissioning, start-up, operation and maintenance of mechanical refrigeration units, natural gas liquid (NGL) stabilizer units, NGL storage units, and related equipment. The company was founded in 2014 and is headquartered in Houston, TX.

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Ranger Energy Services excels in Q4 2022, targets debt reduction and shareholder value

Ranger Energy Services delivered outstanding financial results in Q4 2022, showcasing robust revenue growth, improved profitability, and a clear focus on debt reduction and shareholder returns.
Despite facing challenges from external factors and debt management goals, the company remains well-positioned to capitalize on opportunities for growth, M&A, and value creation in the energy services sector.
With a strategic outlook for 2023 emphasizing revenue targets, EBITDA projections, and capital allocation strategies, Ranger Energy Services aims to sustain its financial performance and drive long-term shareholder value.

Ranger Energy Services reports stellar Q1 performance and eyes growth

Ranger Energy Services excelled in Q1 2023, with notable revenue growth, margin improvements, and a strong focus on enhancing shareholder value. While facing potential challenges from market conditions and competition, the company remains optimistic about its future prospects, emphasizing strategic initiatives and growth opportunities.

Ranger Energy Services excels in Q2, eyes growth amid challenges

Ranger Energy Services delivered strong financial performance in Q2 2023, marked by revenue growth, improved net income, and debt reduction. The company's resilience in pricing and strategic initiatives like dividends and stock repurchases showcase its commitment to shareholder value enhancement.
Despite market challenges, Ranger remains optimistic about the future, expecting robust revenue growth and profitability in the second half of the year. Opportunities in oil basins, customer inquiries, and strategic investments position Ranger for continued success and expansion.
To address challenges like market volatility and operational efficiency, Ranger must maintain a balanced approach to cash deployment and growth strategies. By leveraging opportunities for revenue expansion and prudent financial management, Ranger can navigate challenges and drive sustainable growth.

Ranger Energy Services excels in Q3, eyes growth amidst challenges

Ranger Energy Services showcased robust financial performance and strategic resilience in Q3 2023 despite industry challenges.
Strategic initiatives like dividend initiation, share repurchases, and operational optimizations underscore commitment to shareholder value.
Proactive measures to assess intrinsic value, enhance operational efficiencies, and adapt to market dynamics position the company for sustainable growth.
Focus on agility, strategic planning, and operational excellence will be key in navigating industry uncertainties and seizing growth opportunities.

Ranger Energy Services reports record earnings, eyes long-term growth

Ranger Energy Services delivered strong financial results in 2023, focusing on cash flow, shareholder returns, and growth strategies.
Despite challenges in Q4 2023 and a slower start in Q1 2024, the company remains optimistic about long-term growth prospects.
Share repurchases, debt-free status, and sustainability efforts showcase Ranger's commitment to enhancing shareholder value and sustainable practices.
Navigating market dynamics and customer demands while capitalizing on growth opportunities are key priorities for Ranger Energy Services.

Ranger Energy Services faces challenges but remains optimistic for growth

Ranger Energy Services navigated a challenging Q1 2024 with lower revenues and EBITDA, primarily due to external market pressures and operational disruptions.
Despite these obstacles, the company remains positive about its future outlook, focusing on cost savings, operational adjustments, and shareholder value.
Identified opportunities in cost optimization, segment improvements, and margin recovery position Ranger for potential growth and enhanced profitability.
Maintaining a strong financial position and liquidity underscores Ranger's resilience and strategic readiness for future market dynamics.

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Ranger Energy Services, Inc. engages in the provision of service rigs and associated services. It operates through the following segments: High Specification Rigs, Wireline Services and Processing Solutions and Ancillary Services. The High Specification Rig segment offers service rigs and complementary equipment and services. The Wireline Services segment provides services necessary to bring and maintain a well on production and consists of wireline completion, wireline production, and pump down lines of business. The Processing Solutions and Ancillary Services segment provides other services often utilized in conjunction with Rigs and Wireline Services segments. These services include equipment rentals, plug and abandonment, logistics hauling, processing solutions, as well as snubbing and coil tubing. The company was founded in 2014 and is headquartered in Houston, TX.

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services (NYSE: RNGR) (“Ranger” or the “Company”) announced today the appointment of Carla Mashinski and Sean Woolverton to its Board of Directors (the “Board”), effective January 1, 2024. In conjunction with the appointment of Ms. Mashinski and Mr. Woolverton, William Austin, Ranger's Chairman of the Board, and Richard Agee will retire from the Ranger Board of Directors, effective December 31, 2023. The Board has unanimously elected Michael Kearney to su.

Ranger Energy Services Announces Appointment of Two New Independent Directors to the Board of Directors

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report third quarter financial and operating results before the market opens for trading on Tuesday, October 31, 2023. Following the announcement, the Company's management will host an earnings conference call at 10:00 a.m. Eastern time (9:00 a.m. Central time). Interested parties are invited to join the call by dialing 1-833-255-2829, or 1-412-902-6710 for international calls, (request to join the Ranger En.

Ranger Energy Services, Inc. Announces Date for Third Quarter 2023 Earnings Conference Call

Ranger Energy (RNGR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Ranger Energy (RNGR): Can Its 10.0% Jump Turn into More Strength?

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (the “Company”) announced today that Stuart Bodden, Chief Executive Officer, and Melissa Cougle, Chief Financial Officer, will present current views of the Ranger business and forward-looking priorities at the Sidoti Small-Cap Virtual Conference on Thursday, September 21, 2023, at 1:45 p.m. Eastern Time and host a series of associated investor meetings during the conference. The presentation that will be used can be accessed on.

Ranger Energy Services, Inc. to Present at the Sidoti Small-Cap Virtual Conference

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (the “Company”) announced today that Stuart Bodden, Chief Executive Officer, and Melissa Cougle, Chief Financial Officer, will present at the Barclays CEO Energy-Power Conference in New York on Wednesday, September 6, 2023 at 4:45 p.m. Eastern Time. The presentation used for the conference will be available on the Investor Center page of the Company's website at www.rangerenergy.com. About Ranger Energy Services, Inc. Ranger is.

Ranger Energy Services, Inc. to Present at the Barclays CEO Energy-Power Conference

Ranger Energy Services, Inc. (NYSE:RNGR ) Q2 2023 Earnings Conference Call August 8, 2023 10:00 AM ET Company Participants Shelley Weimer - Vice President of External Reporting and Compliance Stuart Bodden - Chief Executive Officer Melissa Cougle - Chief Financial Officer Conference Call Participants Donald Crist - Johnson Rice & Company, LLC John Fichthorn - Dialectic Capital Management, LLC Jeffrey Robertson - Water Tower Research LLC William Kim - Presidio Asset Management Operator Good day, and welcome to the Ranger Energy's Second Quarter 2023 Conference Call. All participants will be in a listen-only mode.

Ranger Energy Services, Inc. (RNGR) Q2 2023 Earnings Call Transcript

Ranger Energy (RNGR) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to loss of $0.04 per share a year ago.

Ranger Energy (RNGR) Q2 Earnings and Revenues Lag Estimates

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Revenue of $163.2 million, a 6% increase from $153.6 million in second quarter 2022 Net income of $6.1 million, or $0.24 per fully diluted share, up from a net loss of $0.4 million, or $0.02 loss per share in second quarter of 2022 Adjusted EBITDA1 of $21.9 million, a 22% increase from $18.0 million.

Ranger Energy Services, Inc. Announces Q2 2023 Financial and Operational Results

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HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report second quarter financial and operating results after the market closes for trading on Monday, August 7, 2023. Following the announcement, the Company's management will host an earnings conference call the morning of Tuesday, August 8, 2023 at 10:00 a.m. Eastern time (9:00 a.m. Central time). Interested parties are invited to join the call by dialing 1-833-255-2829, or 1-412-902-6710 for international.

Ranger Energy Services, Inc. Announces Date for Second Quarter 2023 Earnings Conference Call

Ranger Energy Services is expected to make strategic adjustments in 2023, relocating assets and crews to the Permian from Haynesville due to weak natural gas prices. Despite a strong balance sheet and positive Q1 cash flows, the company faces challenges due to pricing softness and lack of topline growth opportunities. RNGR stock is currently undervalued compared to its peers, but due to limited growth prospects, I recommend investors "hold" the stock.

Ranger Energy Services To Consolidate Before Any Acceleration (Rating Downgrade)

Despite a downturn in drilling activity, Ranger Energy Services has leveraged strong demand for its products, resulting in growth in both earnings and cash flows. The company has significantly fortified its balance sheet by reducing debt and building up cash reserves, preparing it to endure market weakness. Ranger Energy Services' shares currently trade at a considerable discount compared to industry leaders and its own five-year average, making it a compelling consideration for investors.

Ranger Energy Services: Resilience Coupled With Improved Financials

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (“Ranger” or the “Company”) (NYSE: RNGR), a leading provider of well service rigs and associated services to the oil and gas industry, today announced that it has been selected to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capital.

Ranger Energy Services to Join the Russell 3000® Index

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”), a leading provider of well service rigs and associated services to the oil and gas industry, is pleased to announce the successful closing of a new asset based lending facility (“ABL”) with Wells Fargo Bank, N.A, as administrative agent and sole lender. The facility includes $75 million of committed liquidity and features an accordion that allows for potential expansion up to $150 million to support.

Ranger Energy Services, Inc. Announces New Asset Based Lending Facility

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Ranger Energy Services, Inc. (NYSE:RNGR ) Q1 2023 Earnings Conference Call May 2, 2023 10:00 AM ET Company Participants Shelley Weimer - Vice President of External Reporting & Compliance Stuart Bodden - Chief Executive Officer Melissa Cougle - Chief Financial Officer Conference Call Participants Luke Lemoine - Piper Sandler Derek Podhaizer - Barclays Don Crist - Johnson Rice John Daniel - Daniel Partners Operator Good morning and welcome to the Ranger Energy First Quarter 2023 Conference Call. All participants will be in a listen-only mode.

Ranger Energy Services, Inc. (RNGR) Q1 2023 Earnings Call Transcript

Ranger Energy (RNGR) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to loss of $0.31 per share a year ago.

Ranger Energy (RNGR) Q1 Earnings Lag Estimates

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights –Revenue of $157.5 million, a 27% increase from $123.6 million in first quarter 2022 – Net income of $6.2 million, or $0.25 per fully diluted share, up from a net loss of $5.7 million, or $0.31 loss per share in first quarter of 2022 – Adjusted EBITDA1 of $20.1 million, a 109% increase from $9.6 mill.

Ranger Energy Services, Inc. Announces Q1 2023 Financial and Operational Results

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report first quarter financial and operating results before the market opens for trading on Tuesday, May 2, 2023. Following the announcement, the Company's management will host a first quarter 2023 earnings conference call in the morning of Tuesday, May 2, 2023 at 10:00 a.m. Eastern time (9:00 a.m. Central time). Interested parties are invited to participate on the call by dialing 1-833-255-2829, or 1-412-90.

Ranger Energy Services, Inc. Announces Date for First Quarter 2023 Earnings Conference Call

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Are Investors Undervaluing Ranger Energy Services (RNGR) Right Now?

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News for Ranger Energy Services Stock (RNGR)