Ranger Energy Services, Inc. (NYSE:RNGR) is reporting third quarter financial results on Thursday 22nd October 2020, after market close.
According to analysts surveyed by Thomson Reuters, RNGR is expected to report 3Q20 loss of $ 0.45 per share from revenue of $ 36.02 million.
For the full year, analysts anticipate top line of $ 182.06 million, while looking forward to loss of $ 1.28 per share bottom line.
Previous Quarter Performance
Ranger Energy Services, Inc. recorded loss for the second quarter of $ 0.58 per share, from the revenue of $ 30.70 million. The quarterly revenues contracted 66.94 percent compared with the same quarter last year. Wall street analysts are predicting, RNGR to report 2Q20 loss of $ 0.53 per share from revenue of $ 39.88 million. The bottom line results missed street analysts by $ 0.05 or 9.43 percent, at the same time, top line results fell short of analysts by $ 9.18 million or 23.02 percent.
Stock Performance
Shares of Ranger Energy Services, Inc. traded low $ -0.04 or -1.57 percent on Wednesday, reaching $ 2.50 with volume of 24.00 thousand shares. Ranger Energy Services, Inc. has traded high as $ 2.58 and has cracked $ 2.46 on the downward trend
The closing price of $ 2.50, representing a 11.89 % increase from the 52 week low of $ 2.27 and a 68.21 % decrease over the 52 week high of $ 7.99.
The company has a market capital of $ 38.36 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Conference Call
Ranger Energy Services, Inc. will be hosting a conference call at 10:00 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rangerenergy.com
Ranger Energy Services, Inc. provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions.
