Ranger Energy Services (RNGR) AI Stock Analysis

• Market Cap: $396.82M
• Dividend Yield: 1.71%
• Average Volume (3M): 163.32K
• Price to Earnings (P/E): 24.4
• Beta (1Y): 1.01
• Revenue Growth: -5.47%
• EPS Growth: 2.24%
• Country: US
• Employees: 1,950
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.14
• Shares Outstanding: 23,550,287
• 10 Day Avg. Volume: 174,925
• 30 Day Avg. Volume: 163,319
• PEG Ratio: -0.77
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.57
• P/FCF Ratio: 7.29
• Enterprise Value/Market Cap: 1.02
• Enterprise Value/Revenue: 0.74
• Enterprise Value/Gross Profit: 9.17
• Enterprise Value/Ebitda: 6.20
• 1Y Price Target: $17.00
• Price Target Upside: 0.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.35
• Revenue Forecast (FY): $647.10M

• Rating: 68 Neutral
• Price Target: $19.00 ▲(12.56% Upside)
• Action: Downgraded Date: 03/05/26
• Date: Action: Downgraded 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.

Consistent cash generation and FCF

Sustained positive operating cash flow and free cash flow underpin the business’s ability to fund growth, acquisitions and shareholder returns internally. Consistent FCF supports disciplined buybacks/dividends and funds ECO/AWS rollout without relying on external financing.

Strategic AWS acquisition and ECO rig program

The AWS acquisition plus traction on ECHO hybrid rigs represent structural growth moves: they expand service scope, create cross-sell/scale synergies and a clear pro forma EBITDA opportunity. Hybrid rigs differentiate offerings amid emissions focus, supporting longer-term market share gains.

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.

Persistent wireline weakness

A materially weaker wireline segment reduces revenue diversification and drags on margins if it persists. Structural weakness in a service line can require reallocation of capital or restructuring, and prolongs recovery even if core rigs and processing improve.

ECO capex timing and lower FCF conversion

Higher up-front ECO program capex and progress-payment timing will depress near-term FCF conversion and raise execution risk. This can compress free-cash availability for returns or opportunistic uses, and heightens sensitivity to delivery schedules and customer milestones.

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 Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The High Specification Rigs segment offers well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well; and well maintenance services. This segment also has a fleet of 540 well service rigs. The Wireline Services segment provides wireline production and intervention services to provide information to identify and resolve well production problems through cased hole logging, perforating, mechanical, and pipe recovery services; wireline completion services are used primarily for pump-down perforating operations to create perforations or entry holes through the production casing; and pumping services. This segment also has a fleet of 68 wireline units and four high-pressure pump trucks. The Processing Solutions and Ancillary Services segment rents well service-related equipment consisting of fluid pumps, power swivels, well control packages, hydraulic catwalks, frac tanks, pipe racks, and pipe handling tools; decommissioning services; fluid management services; offers proprietary and modular equipment for the processing of natural gas; coil tubing services; and snubbing services. This segment also engages in the rental, installation, commissioning, start up, operation, and maintenance of mechanical refrigeration units, nitrogen gas liquid stabilizer units, nitrogen gas liquid storage units, and related equipment. Ranger Energy Services, Inc. was incorporated in 2014 and is based in Houston, Texas.

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, which are often structured as day rates or project-based pricing. Additionally, Ranger benefits from long-term partnerships with major oil and gas companies, enabling it to secure consistent work and revenue. The demand for its services is closely tied to the overall activity levels in the oil and gas sector, influenced by factors such as oil prices, exploration and production spending, and technological advancements in the industry.

Ranger Energy Services Financial Statement Overview

Summary

Strong balance sheet (very low leverage) and solid, positive operating/FCF support financial stability, but the income statement shows weakening momentum with multi-period revenue declines and margin compression.

Income Statement

TTM (Trailing-Twelve-Months) results remain profitable, with positive operating profit and net income, but profitability has softened versus prior years. Revenue has declined for multiple periods (TTM down ~16% after a 2024 decline), and margins have compressed from 2023/2024 levels. The longer-term trajectory is improved versus 2020–2021 (when losses were reported), but current-year momentum is weaker and more cyclical.

Balance Sheet

The balance sheet is a clear strength: leverage is very low (debt-to-equity ~0.04 in TTM (Trailing-Twelve-Months), down from ~0.12–0.27 historically), giving the company flexibility through industry cycles. Equity has grown versus earlier years, and returns on equity are positive again (mid-single-digits TTM), though below the stronger 2023 level. Overall, financial risk from debt appears limited.

Cash Flow

Cash generation is solid, with positive operating cash flow and free cash flow in TTM (Trailing-Twelve-Months). Cash flow has generally tracked earnings reasonably well, supporting the quality of profits. However, free cash flow has declined versus prior periods (TTM down meaningfully and slightly down in 2024), indicating some cooling in cash conversion and/or higher spending needs compared with the 2022–2023 upswing.

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

• Technical Analysis Sentiment: Positive
• Last Price: 16.88
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 16.88 is below the 20-day moving average (MA) of 16.93, above the 50-day MA of 15.86, and above the 200-day MA of 13.77, indicating a neutral trend. The MACD of 0.27 indicates Positive momentum. The RSI at 53.13 is Neutral, neither overbought nor oversold. The STOCH value of 34.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RNGR.

Ranger Energy Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NGS	74 Outperform	$454.62M	15.18	7.10%	0.63%	9.53%	15.48%
RNGR	68 Neutral	$396.82M	24.42	5.54%	1.71%	-5.47%	2.24%
FET	68 Neutral	$619.31M	―	-3.11%	―	-1.29%	-123.25%
OIS	66 Neutral	$727.29M	―	-16.46%	―	-11.02%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
KLXE	47 Neutral	$47.63M	-0.46	―	―	-12.57%	-45.75%

Ranger Energy Services Corporate Events

Ranger Energy Posts Strong 2025 Results, Boosts Shareholder Returns

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 free cash flow, declared a $0.06 per-share quarterly dividend payable April 6, 2026, and returned over 40% of 2025 free cash flow to shareholders through dividends and buybacks, while ending the year in a net cash position.

Operationally, Ranger completed the acquisition of American Well Services in the fourth quarter of 2025 at a compelling valuation, lifting fourth-quarter revenue to $142.2 million and establishing it as the largest well services provider in the Lower 48. The company also launched its ECHO Hybrid Electric Rig, delivered two units in late 2025, secured a contract for 15 additional ECHO rigs for delivery from late 2026 to 2027, and won a significant Plug and Abandonment contract, developments that strengthen its growth pipeline despite an uncertain activity outlook.

Management highlighted strong cash generation, disciplined capital allocation, and a fortified balance sheet as underpinnings for future value creation while integration of AWS progresses and ancillary and wireline lines stabilize. The board’s continued capital return strategy, record rig hours in the High Specification Rigs segment, and investment in next-generation technology and environmental services position Ranger to pursue returns-focused growth and steady year-over-year improvement through 2026 and beyond.

The most recent analyst rating on (RNGR) stock is a Buy with a $18.50 price target. To see the full list of analyst forecasts on Ranger Energy Services stock, see the RNGR Stock Forecast page.

Ranger Energy Services Expands with Hybrid Electric Rig Deal

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, potentially lower-emission well service technology. The agreement, which includes shared capital cost provisions and minimum hourly commitments, is expected to support utilization and revenue visibility as the first rig is slated for delivery in the third quarter of 2026 and all 15 rigs are planned to be deployed by the end of 2027, underscoring an expansion of Ranger’s operational footprint with this key customer.

The most recent analyst rating on (RNGR) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Ranger Energy Services stock, see the RNGR Stock Forecast page.