(RNGR) Ranger Energy - Ratings and Ratios

Ranger Energy Services Inc, listed as RNGR on the NYSE, is a multifaceted oil and gas services provider catering to exploration and production (E&P) companies across the United States. The company operates through three distinct segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services, offering a comprehensive suite of services that span the entire lifecycle of a well.

The High Specification Rigs segment is equipped with a substantial fleet of 406 well service rigs, providing critical services such as well maintenance and complementary equipment to facilitate operations. The Wireline Services segment, with its 72 wireline units and 29 high-pressure pump trucks, delivers wireline production and intervention services aimed at identifying and resolving well production issues. Meanwhile, the Processing Solutions and Ancillary Services segment provides rental equipment and specialized services, including coiled tubing, decommissioning, and snubbing, alongside proprietary equipment for natural gas processing.

From a technical standpoint, RNGRs stock has been trending downward, with its last price at $11.33, below its SMA20, SMA50, and SMA200, indicating a bearish trend. The ATR of 0.78, or 6.87%, suggests significant daily price volatility. Given the 52-week high of $17.91 and low of $9.48, the stock is currently near the lower end of its recent range, potentially indicating an oversold condition.

Fundamentally, RNGR has a market capitalization of $283.06 million, with a P/E ratio of 14.00 and a forward P/E of 26.39, suggesting that the market expects growth. The RoE of 7.37% is relatively modest, indicating that the company is not highly efficient in generating profits from shareholder equity. Considering the current P/E and forward P/E, the market anticipates an increase in earnings, potentially driven by increased demand for oil and gas services or successful execution of RNGRs operational strategy.

Forecasting based on both technical and fundamental data, a potential buying opportunity may arise if RNGRs price stabilizes above its SMA20, indicating a reversal of the current downtrend. Additionally, an increase in oil prices or E&P activities could positively impact RNGRs revenues, potentially leading to an upward revaluation of the stock. Conversely, failure to breach the SMA20 resistance or continued decline in oil prices could lead to further downward pressure on the stock. As such, a close monitoring of both technical indicators and fundamental factors such as oil price movements and E&P company activities is crucial for investors.