Ranger Energy Services Inc (RNGR)
NYSE:RNGR
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Ranger Energy Services
(NYSE:RNGR)
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Rating:68Neutral
Price Target:
$19.00
▲(10.92% Upside)
Action:DowngradedDate:03/05/26
The score is supported by a very conservatively levered balance sheet and positive cash generation, alongside constructive technical momentum. Offsetting these positives are weakening revenue/margin trends and a demanding valuation (high P/E), while the latest call points to strategic progress but lower near-term FCF conversion and some operational volatility.
Positive Factors
Balance sheet strength
Extremely low leverage provides durable financial flexibility across oilfield cycles, enabling investment in ECO rigs and the AWS integration without heavy borrowing. This reduces solvency risk, supports capital returns and preserves optionality if activity or commodity prices worsen.
Negative Factors
Multi-period revenue declines and margin compression
Sustained revenue declines and narrowing margins weaken operating leverage and profitability resilience. Over several quarters this constrains internal funding for growth, reduces returns on invested capital and increases sensitivity to lower industry activity and pricing.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Extremely low leverage provides durable financial flexibility across oilfield cycles, enabling investment in ECO rigs and the AWS integration without heavy borrowing. This reduces solvency risk, supports capital returns and preserves optionality if activity or commodity prices worsen.
Read all positive factors
Ranger Energy Services (RNGR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$395.41M
Dividend Yield1.71%
Average Volume (3M)163.32K
Price to Earnings (P/E)24.4
Beta (1Y)0.95
Revenue Growth-5.47%
EPS Growth2.24%
CountryUS
Employees1,950
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.14
Shares Outstanding23,550,287
10 Day Avg. Volume174,925
30 Day Avg. Volume163,319
Financial Highlights & Ratios
PEG Ratio-0.77
Price to Book (P/B)1.04
Price to Sales (P/S)0.57
P/FCF Ratio7.29
Enterprise Value/Market Cap1.02
Enterprise Value/Revenue0.73
Enterprise Value/Gross Profit9.13
Enterprise Value/Ebitda6.17
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.22
Revenue Forecast (FY)$665.60M
Ranger Energy Services Business Overview & Revenue Model
Company Description
Ranger Energy Services, Inc. provides onshore high specification well service rigs, wireline completion services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Spe...
How the Company Makes Money
Ranger Energy Services generates revenue through multiple key streams, primarily by providing well services, pressure pumping, and rig services to oil and gas operators. The company's revenue model is driven by service contracts with clients, whic...
Ranger Energy Services Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 05, 2026
Earnings Call Sentiment Neutral
The call balanced clear strategic progress (AWS acquisition integration, strong ECO rig momentum, sequential Q4 improvement, disciplined capital returns and liquidity) with near-term operational and financial headwinds (FY revenue and EBITDA declines YoY, material weakness in wireline, lower operating cash and expected lower FCF conversion in 2026 due to ECO timing and Q1 seasonality). Management portrays confidence in long-term upside from ECO and the AWS combination but acknowledges short-term volatility from weather, integration timing, and CapEx cadence.Positive Updates
Full-Year Revenue and Adjusted EBITDA
Delivered $546.9M in total revenue for FY2025 and $73.2M of adjusted EBITDA (13.4% margin), demonstrating solid profitability and execution through a challenging market environment.
Negative Updates
Full-Year Revenue and EBITDA Declines Versus Prior Year
FY2025 revenue declined to $546.9M from $571.1M in 2024 (≈ -4.2% year-over-year) and adjusted EBITDA declined to $73.2M from $78.9M (≈ -7.2% YoY), with margin slipping to 13.4% from 13.8% (≈ -0.4 percentage points).
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Revenue and Adjusted EBITDA
Delivered $546.9M in total revenue for FY2025 and $73.2M of adjusted EBITDA (13.4% margin), demonstrating solid profitability and execution through a challenging market environment.
Read all positive updates
Company Guidance
Management guided to a generally stable 2026 operating environment with activity similar to 2025 and reiterated a pro forma annual EBITDA opportunity of more than $100,000,000 in 2026 (post-AWS), while forecasting free cash flow conversion closer to ~50% for 2026 (versus nearly 60% in 2025); maintenance CapEx is expected to run ~4–5% of revenue (2025 CapEx was $26.1M vs $34.1M in 2024) but ECO rig spending will push that higher with most ECO CapEx back‑half weighted, and they signed a 15‑rig ECO build contract (in addition to two rigs already deployed that used <22 generator hours in their first 450 hours). They expect 15 new ECO rigs operating in the Lower 48 by 2027, Q1 results to be largely in line with Q4 due to winter storms (Q4 revenue $142.2M, adj. EBITDA $20.3M or 14.3% margin; FY revenue $546.9M, adj. EBITDA $73.2M or 13.4% margin), anticipate a Q1 working‑capital driven borrowing despite ending 2025 with $67.7M liquidity ($57.4M revolver availability, $10.3M cash, $3.5M borrowings), and plan to continue disciplined capital returns after 2025 free cash flow of $42.9M ($1.89/share) when they returned >40% of FCF and repurchased ~1.0M shares for $12.3M (avg $12.26) while deploying roughly $40M of FCF toward the AWS acquisition.Ranger Energy Services Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
82
Very Positive
Cash Flow
69
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 546.90M | 571.10M | 636.60M | 608.50M | 293.10M |
| Gross Profit | 44.00M | 54.20M | 65.00M | 60.20M | -7.00M |
| EBITDA | 65.30M | 72.70M | 74.40M | 67.70M | 33.30M |
| Net Income | 12.30M | 18.40M | 23.80M | 15.10M | -2.10M |
Balance Sheet | |||||
| Total Assets | 419.30M | 381.60M | 378.00M | 381.60M | 393.10M |
| Cash, Cash Equivalents and Short-Term Investments | 10.30M | 40.90M | 15.70M | 3.70M | 600.00K |
| Total Debt | 41.90M | 33.80M | 33.90M | 50.40M | 68.30M |
| Total Liabilities | 119.20M | 107.80M | 106.20M | 115.40M | 144.40M |
| Stockholders Equity | 300.10M | 273.80M | 271.80M | 266.20M | 248.70M |
Cash Flow | |||||
| Free Cash Flow | 42.90M | 50.40M | 54.30M | 30.70M | -45.00M |
| Operating Cash Flow | 69.00M | 84.50M | 90.80M | 44.50M | -39.40M |
| Investing Cash Flow | -76.10M | -31.10M | -29.70M | 11.30M | -36.40M |
| Financing Cash Flow | -23.50M | -28.20M | -49.10M | -52.70M | 73.60M |
Ranger Energy Services Technical Analysis
Positive
17.13
Price Trends
16.71
Positive
15.33
Positive
14.19
Positive
Market Momentum
0.03
Positive
48.76
Neutral
18.59
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RNGR, the sentiment is Positive. The current price of 17.13 is above the 20-day moving average (MA) of 17.00, above the 50-day MA of 16.71, and above the 200-day MA of 14.19, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 48.76 is Neutral, neither overbought nor oversold. The STOCH value of 18.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RNGR.
Ranger Energy Services Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $480.97M | 21.17 | 7.43% | 0.63% | 9.53% | 15.48% | |
68 Neutral | $395.41M | 24.42 | 5.54% | 1.71% | -5.47% | 2.24% | |
68 Neutral | $673.01M | -45.45 | -3.11% | ― | -1.29% | -123.25% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | $689.36M | -3.63 | -16.46% | ― | -11.02% | ― | |
45 Neutral | $48.82M | -0.46 | 147.42% | ― | -12.57% | -45.75% |
* Energy Sector Average
RNGR
Ranger Energy Services
16.79
4.32
34.66%
FET
Forum Energy Tech
59.79
44.47
290.27%
NGS
Natural Gas Services Group
38.21
19.38
102.95%
OIS
Oil States International
11.45
7.69
204.52%
NINE
Nine Energy Service, Inc.
8.95
0.75
9.15%
KLXE
KLX Energy Services Holdings
2.50
0.59
30.89%
Ranger Energy Services Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
Ranger Energy Posts Strong 2025 Results, Boosts Shareholder Returns
Positive
Mar 5, 2026
On March 5, 2026, Ranger Energy Services reported 2025 revenue of $546.9 million, net income of $12.3 million, and adjusted EBITDA of $73.2 million amid softer industry activity and constrained oil prices. The company generated $42.9 million in fr...
Business Operations and StrategyProduct-Related Announcements
Ranger Energy Services Expands with Hybrid Electric Rig Deal
Positive
Feb 3, 2026
On January 16, 2026, Ranger Energy Services, Inc., via its subsidiary Ranger Energy Services, LLC, signed a contract with a core customer to construct and deploy 15 ECHO Hybrid Electric Rigs, reflecting a strategic push into more advanced, potenti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.