Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Ranger Energy Services Inc before investing.

In this article, we go over a few key elements for understanding Ranger Energy Services Inc’s stock price such as:

• Ranger Energy Services Inc’s current stock price and volume
• Why Ranger Energy Services Inc’s stock price changed recently
• Upgrades and downgrades for RNGR from analysts
• RNGR’s stock price momentum as measured by its relative strength

About Ranger Energy Services Inc (RNGR)

Before we jump into Ranger Energy Services Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Ranger Energy Services, Inc. is a provider of onshore high specification well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. The Company operates in three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The High Specification Rigs provides high specification well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well. The Wireline Services. provides services necessary to bring and maintain a well on production and consists of its wireline completion, wireline production and pump down lines of business. The processing Solutions and Ancillary Services provides other services often utilized in conjunction with its High Specification Rigs and Wireline Services segments. These services include equipment rentals, plug and abandonment, logistics, snubbing and coil tubing, and processing solutions.

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Ranger Energy Services Inc’s Stock Price as of Market Close

As of September 26, 2024, 4:00 PM, CST, Ranger Energy Services Inc’s stock price was $11.43.

Ranger Energy Services Inc is down 4.27% from its previous closing price of $11.94.

During the last market session, Ranger Energy Services Inc’s stock traded between $11.86 and $12.16. Currently, there are 22.36 million shares of Ranger Energy Services Inc stock available for purchase.

Ranger Energy Services Inc’s price-earnings (P/E) ratio is currently at 18.7, which is low compared to the Oil & Gas - Related Services and Equipment industry median of 18.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Ranger Energy Services Inc Stock Price History

Ranger Energy Services Inc’s (RNGR) price is currently down 8.19% so far this month.

During the month of September, Ranger Energy Services Inc’s stock price has reached a high of $12.60 and a low of $11.30.

Over the last year, Ranger Energy Services Inc has hit prices as high as $14.64 and as low as $9.27. Year to date, Ranger Energy Services Inc’s stock is up 3.81%.

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What Caused Ranger Energy Services Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of September 25, 2024,, no analysts have changed their rating of Ranger Energy Services Inc’s stock over the last month.

Additionally, you'll want to evaluate Ranger Energy Services Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Ranger Energy Services Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Ranger Energy Services Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Ranger Energy Services Inc (RNGR) by visiting AAII Stock Evaluator.

Relative Price Strength of Ranger Energy Services Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 25, 2024, Ranger Energy Services Inc has a weighted four-quarter relative price strength of -5.35%, which translates to a Momentum Score of 43 and is considered to be Average.

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Ranger Energy Services Inc Stock Price: Bottom Line

As of September 26, 2024, Ranger Energy Services Inc’s stock price is $11.43, which is down 4.27% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Ranger Energy Services Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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