With 0.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.15 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $15.72 whereas the lowest price it dropped to was $15.33. The 52-week range on RNGR shows that it touched its highest point at $17.20 and its lowest point at $9.27 during that stretch. It currently has a 1-year price target of $20.00. With its current market cap of 344.35 million, RNGR has annualized dividend of $0.20 while the current yield stands at 1.29%. Beta for the stock currently stands at 0.55.
Price Performance and Earnings:
Three-month performance surged to 28.25% while six-month performance rose 54.49%. A look at the trailing 12-month EPS for RNGR yields 0.65 with Next year EPS estimates of 1.28. For the next quarter, that number is 0.21. This implies an EPS growth rate of -19.49% for this year and 67.21% for next year.
Float and Shares Shorts:
At present, 22.25 million RNGR shares are outstanding with a float of 15.99 million shares on hand for trading. On 2024-12-13, short shares totaled 0.29 million, which was 129.99999 higher than short shares on 1731628800. In addition to Mr. Stuart N. Bodden as the firm’s President, CEO & Director, Ms. Melissa K. Cougle CPA serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.70155996 of RNGR’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, RNGR reported revenue of $153000000.0 and operating income of $12800000.0. The EBITDA in the recently reported quarter was $23900000.0 and diluted EPS was $0.39.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RNGR since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RNGR analysts setting a high price target of 20.0 and a low target of 12.5, the average target price over the next 12 months is 16.25. Based on these targets, RNGR could surge 29.2% to reach the target high and fall by -19.25% to reach the target low. Reaching the average price target will result in a growth of 4.97% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.76485 being high and $0.76485 being low. For RNGR, this leads to a yearly average estimate of $0.76485.
