Barclays Remains a Buy on Ranger Energy Services Inc (RNGR)

By Carrie Williams

Barclays analyst David Anderson maintained a Buy rating on Ranger Energy Services Inc (RNGRResearch Report) on May 3 and set a price target of $11. The company’s shares closed on Friday at $7.61.

According to TipRanks.com, Anderson ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.3% and a 40.7% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Covia Holdings Corporation, Diamond Offshore Drilling, and Oceaneering International.

Currently, the analyst consensus on Ranger Energy Services Inc is a Strong Buy with an average price target of $10.20, a 34.0% upside from current levels. In a report issued on May 1, B.Riley FBR also reiterated a Buy rating on the stock with a $10 price target.

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The company has a one-year high of $10.78 and a one-year low of $4.70. Currently, Ranger Energy Services Inc has an average volume of 8,230.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock.

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Ranger Energy Services, Inc. engages in the provision of service rigs and associated services. It operate through the following segments: High Specification Rigs; Completion and Other Services; and Processing Solutions. The High Specification Rig segment provides service rigs and complementary equipment and services.