IMPORTANT DISCLAIMER: Blank Capital Research ("BCR") is a technology platform, not a registered investment advisor or broker-dealer. The algorithmically generated signals, scores, and rankings provided on this site ("God Mode" Signals) are for informational and research purposes only and do not constitute financial advice, investment recommendations, or an offer to sell or solicit an offer to buy any securities.
HYPOTHETICAL PERFORMANCE RESULTS: The "timing scores" and "regime signals" displayed are based on quantitative models. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.
RISK OF LOSS: Trading in financial markets involves a high degree of risk and may result in the loss of your entire investment. Data provided by third-party sources (Intrinio, Snowflake) is believed to be reliable but is not guaranteed for accuracy or completeness. Past performance is not indicative of future results.
Relative valuation derived from Energy sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 41.1GRADE C
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
5.9%
Sector: 6.7%
Dividend Analysis audit
GROWTH
1.64%
Trailing Yield
$1.64
Per $100 Invested
Modest dividend — capital prioritized for reinvestment.
Est. Payout Ratio
37%SAFE
Analyst Projections
Analyst Consensus
Unlock Valuation Tools
Sign up for free access to institutional-quality research tools.
Based on our 6-factor quantitative model, Ranger Energy Services, Inc. (RNGR) receives a "Hold" rating with a composite score of 46.1/100, ranked #397 out of 4446 stocks. Key factor scores: Quality 41/100, Value 56/100, Momentum 56/100. This is quantitative analysis only — not investment advice.
Ranger Energy Services, Inc. (RNGR) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Ranger Energy Services, Inc. Do?
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. Ranger Energy Services, Inc. (RNGR) is classified as a small-cap stock in the Energy sector, specifically within the Petroleum And Natural Gas industry. The company is led by CEO Stuart N. Bodden and employs approximately 1,920 people. With a market capitalization of $389M, RNGR is one of the notable companies in the Energy sector.
Ranger Energy Services, Inc. (RNGR) Stock Rating — Hold (April 2026)
As of April 2026, Ranger Energy Services, Inc. receives a Hold rating with a composite score of 46.1/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.RNGR ranks #397 out of 4,446 stocks in our coverage universe. Within the Energy sector, Ranger Energy Services, Inc. ranks #48 of 128 stocks, placing it in the upper half of its Energy peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
RNGR Stock Price and 52-Week Range
Ranger Energy Services, Inc. (RNGR) currently trades at $16.82. The stock gained $0.01 (0.1%) in the most recent trading session. The 52-week high for RNGR is $17.74, which means the stock is currently trading -5.2% from its annual peak. The 52-week low is $10.56, putting the stock 59.3% above its annual trough. Recent trading volume was 4K shares, suggesting relatively thin trading activity.
Is RNGR Overvalued or Undervalued? — Valuation Analysis
Ranger Energy Services, Inc. (RNGR) carries a value factor score of 56/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 22.46x, compared to the Energy sector average of 19.63x — a premium of 14%. The price-to-book ratio stands at 1.33x, versus the sector average of 1.64x. The price-to-sales ratio is 0.72x, compared to 0.47x for the average Energy stock. On an enterprise value basis, RNGR trades at 11.04x EV/EBITDA, versus 3.50x for the sector.
Overall, RNGR's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
Ranger Energy Services, Inc. Profitability — ROE, Margins, and Quality Score
Ranger Energy Services, Inc. (RNGR) earns a quality factor score of 41/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 5.9%, compared to the Energy sector average of 6.7%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 4.3% versus the sector average of 3.7%.
On a margin basis, Ranger Energy Services, Inc. reports gross margins of 20.3%, compared to 52.7% for the sector. The operating margin is 4.3% (sector: 10.7%). Net profit margin stands at 3.1%, versus 6.4% for the average Energy stock. Revenue growth is running at -6.7% on a trailing basis, compared to -1.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
RNGR Debt, Balance Sheet, and Financial Health
Ranger Energy Services, Inc. has a debt-to-equity ratio of 40.0%, compared to the Energy sector average of 55.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.75x, suggesting adequate working capital coverage. Total debt on the balance sheet is $0. Cash and equivalents stand at $45M.
RNGR has a beta of 1.18, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for Ranger Energy Services, Inc. is 58/100, reflecting average volatility within the normal range for its sector.
Ranger Energy Services, Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Ranger Energy Services, Inc. reported revenue of $558M and earnings per share (EPS) of $0.55. Net income for the quarter was $18M. Gross margin was 20.3%. Operating income came in at $25M.
In FY 2025, Ranger Energy Services, Inc. reported revenue of $547M and earnings per share (EPS) of $0.55. Net income for the quarter was $12M. Revenue grew -4.2% year-over-year compared to FY 2024. Operating income came in at $15M.
In Q3 2025, Ranger Energy Services, Inc. reported revenue of $129M and earnings per share (EPS) of $0.06. Net income for the quarter was $1M. Revenue grew -15.8% year-over-year compared to Q3 2024. Operating income came in at $3M.
In Q2 2025, Ranger Energy Services, Inc. reported revenue of $141M and earnings per share (EPS) of $0.33. Net income for the quarter was $7M. Revenue grew 1.8% year-over-year compared to Q2 2024. Operating income came in at $9M.
Over the past 8 quarters, Ranger Energy Services, Inc. has demonstrated a growth trajectory, with revenue expanding from $138M to $558M. Investors analyzing RNGR stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
RNGR Dividend Yield and Income Analysis
Ranger Energy Services, Inc. (RNGR) currently pays a dividend yield of 1.6%. At this yield, a $10,000 investment in RNGR stock would generate approximately $$164.00 in annual dividend income. This compares to the Energy sector average dividend yield of 1.9%, meaning RNGR yields less than the typical sector peer.
RNGR Momentum and Technical Analysis Profile
Ranger Energy Services, Inc. (RNGR) has a momentum factor score of 56/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 35/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 21/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
RNGR vs Competitors — Energy Sector Ranking and Peer Comparison
Comparing RNGR against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full RNGR vs S&P 500 (SPY) comparison to assess how Ranger Energy Services, Inc. stacks up against the broader market across all factor dimensions.
RNGR Next Earnings Date
No upcoming earnings date has been announced for Ranger Energy Services, Inc. (RNGR) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy RNGR? — Investment Thesis Summary
Ranger Energy Services, Inc. presents a balanced picture with arguments on both sides.
In summary, Ranger Energy Services, Inc. (RNGR) earns a Hold rating with a composite score of 46.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on RNGR stock.
We'll email you when stocks you follow change their composite rating.
Institutional Research Dossier
Ranger Energy Services, Inc. (RNGR) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
Ranger Energy Services is assigned a Hold rating, reflecting a balanced view of its operational strengths and valuation concerns. While the company benefits from its high specification rig fleet and diverse service offerings within the onshore energy sector, its current valuation metrics, particularly its P/E and EV/EBITDA ratios, suggest it is trading at a premium compared to its peers. The Hold rating acknowledges Ranger's solid market position and recent profitability, but also highlights the need for caution given the valuation and the cyclical nature of the energy industry.
The primary takeaway is that Ranger Energy Services presents a mixed investment profile. Its operational performance and strategic positioning warrant attention, but the current valuation necessitates a cautious approach. Investors should closely monitor the company's ability to sustain profitability and manage its capital allocation effectively in the face of industry volatility.
Business Strategy & Overview
Ranger Energy Services operates within the onshore oil and gas industry, providing a suite of services critical to well completion, maintenance, and production. The company's business model is structured around three core segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. This diversification allows Ranger to capture revenue streams across the lifecycle of a well, from initial completion to ongoing maintenance and decommissioning. The High Specification Rigs segment, with its substantial fleet of well service rigs, forms a cornerstone of Ranger's operations, providing essential services for well maintenance and workovers. The Wireline Services segment offers specialized services for diagnosing and resolving well production issues, while the Processing Solutions and Ancillary Services segment provides equipment rental and processing solutions, further expanding Ranger's service portfolio.
A key aspect of Ranger's strategy is its focus on high-specification equipment and services. This emphasis allows the company to command premium pricing and cater to the more demanding needs of exploration and production (E&P) companies. By investing in advanced technologies and maintaining a modern fleet, Ranger aims to differentiate itself from competitors and secure long-term contracts. The company's integrated service offerings also provide a competitive advantage, enabling it to offer bundled solutions that streamline operations for its clients. This approach not only enhances customer relationships but also increases Ranger's revenue per customer.
Ranger's strategic positioning within the onshore energy sector is influenced by broader industry trends. Fluctuations in oil and gas prices, drilling activity, and regulatory policies all impact the demand for Ranger's services. The company's ability to adapt to these changes and capitalize on emerging opportunities is crucial to its long-term success. For example, increased focus on well decommissioning and environmental stewardship could drive demand for Ranger's decommissioning services and fluid management solutions. Similarly, advancements in drilling and completion technologies could create new opportunities for Ranger's wireline and high-specification rig services.
The company's revenue generation is directly tied to the activity levels of E&P companies. As drilling and completion activity increases, so does the demand for Ranger's services. Conversely, periods of low oil and gas prices or reduced drilling activity can negatively impact Ranger's revenue. To mitigate this risk, Ranger focuses on maintaining a diversified customer base and securing long-term contracts. The company also seeks to expand its service offerings and geographic footprint to reduce its reliance on any single region or customer. By strategically allocating capital and managing its cost structure, Ranger aims to maintain profitability and generate free cash flow even during challenging market conditions.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
-6.7%
Sector: -1.2%
+469% VS SCTR
Economic Moat Analysis
Ranger Energy Services possesses a narrow economic moat, primarily derived from a combination of switching costs and specialized expertise within its service offerings. The energy services sector, in general, is highly competitive, but Ranger's focus on high-specification rigs and integrated solutions creates a degree of differentiation that fosters customer stickiness. Exploration and production (E&P) companies often face significant costs and operational disruptions when switching service providers, particularly for critical well maintenance and completion activities. This creates a level of inertia that benefits established players like Ranger.
The switching costs are further amplified by the specialized expertise required to operate and maintain high-specification equipment. Ranger's skilled workforce and technical know-how are valuable assets that are not easily replicated by competitors. E&P companies rely on Ranger's expertise to ensure the safe and efficient execution of complex well service operations. This reliance creates a barrier to entry for new players and strengthens Ranger's competitive position. The company's integrated service offerings also contribute to its narrow moat by providing bundled solutions that streamline operations for its clients. This integrated approach reduces the need for E&P companies to manage multiple service providers, further enhancing customer stickiness.
However, the moat is considered narrow due to the cyclical nature of the energy industry and the potential for technological disruption. Fluctuations in oil and gas prices can significantly impact demand for Ranger's services, leading to periods of intense competition and pricing pressure. The emergence of new technologies or alternative service providers could also erode Ranger's competitive advantage. For example, advancements in automation or remote monitoring could reduce the need for on-site well service operations, potentially disrupting Ranger's core business. The company's ability to adapt to these changes and maintain its technological edge is crucial to preserving its narrow moat.
Furthermore, Ranger's moat is limited by the relatively low barriers to entry in certain segments of the energy services market. While high-specification rigs and integrated solutions require significant capital investment and technical expertise, other services, such as equipment rental and fluid management, are more easily replicated by competitors. This creates a more fragmented competitive landscape and limits Ranger's pricing power. The company's ability to differentiate itself through superior service quality, customer relationships, and operational efficiency is essential to maintaining its narrow moat in these segments.
Financial Health & Profitability
Ranger Energy Services exhibits a mixed financial profile. The company's revenue has fluctuated in recent years, with a decrease of 6.7% in the most recent TTM period compared to the sector's decline of 1.7%. This suggests Ranger is facing headwinds in revenue generation compared to its peers. However, the company has demonstrated an ability to generate positive net income, with $12.30 million reported in the latest TTM period. This profitability, however, is significantly lower than the $18.40 million reported in FY2024 and $23.80 million in FY2023, indicating a downward trend in net income.
The company's gross margin of 20.3% is significantly lower than the sector average of 55.1%, indicating potential inefficiencies in cost management or pricing strategies. Similarly, Ranger's operating margin of 4.3% and net margin of 3.1% are also lower than the sector averages of 10.6% and 6.3%, respectively. These lower margins suggest that Ranger is less efficient in converting revenue into profit compared to its peers. The quarterly financial history reveals variability in operating margins, ranging from -0.4% to 8.4%, highlighting the sensitivity of Ranger's profitability to market conditions and operational performance.
A positive aspect of Ranger's financial health is its strong balance sheet. The company has $45.20 million in total cash and no total debt, providing it with significant financial flexibility. The current ratio of 1.75 indicates a healthy level of liquidity, suggesting that Ranger has sufficient current assets to cover its short-term liabilities. This strong balance sheet provides Ranger with a competitive advantage, allowing it to invest in growth opportunities and weather economic downturns.
Ranger's return on equity (ROE) of 5.9% is slightly lower than the sector average of 6.9%, indicating that the company is generating slightly lower returns on shareholder equity compared to its peers. The company's free cash flow (FCF) generation is also noteworthy, with $29.25 million reported in the latest TTM period. This positive FCF indicates that Ranger is generating sufficient cash to fund its operations and invest in growth initiatives. However, the lack of consistent FCF data in the quarterly financial history makes it difficult to assess the long-term trend in FCF generation.
Valuation Assessment
Ranger Energy Services' valuation presents a mixed picture. The company's P/E ratio of 30.6x is significantly higher than the sector average of 19.5x, suggesting that the stock is trading at a premium relative to its earnings. Similarly, Ranger's EV/EBITDA ratio of 6.4x is also higher than the sector average of 3.5x, further indicating a premium valuation. These higher multiples could be attributed to investor expectations of future growth or the company's strong balance sheet. However, the recent decline in revenue and net income raises concerns about the sustainability of these high valuations.
The company's market capitalization of $396.82 million appears reasonable given its revenue of $546.90 million. However, the relatively low EBITDA of $15.40 million raises questions about the company's profitability and efficiency. The positive free cash flow of $29.25 million is a positive sign, but the lack of consistent FCF data makes it difficult to assess the long-term trend. A more detailed analysis of Ranger's cash flow generation and capital allocation is needed to determine whether the current valuation is justified.
Compared to its historical performance, Ranger's current valuation appears elevated. The company's revenue and net income have declined in recent years, while its valuation multiples remain high. This suggests that investors are pricing in a significant turnaround in Ranger's financial performance. However, the cyclical nature of the energy industry and the competitive landscape make it difficult to predict future growth with certainty. A more conservative valuation approach may be warranted given the risks and uncertainties facing the company.
Overall, Ranger Energy Services appears to be fairly valued to slightly overvalued based on its current financial performance and sector comparisons. The company's strong balance sheet and positive free cash flow provide some support for its valuation, but the higher P/E and EV/EBITDA ratios suggest that the stock is trading at a premium. Investors should carefully consider the risks and uncertainties facing the company before investing in Ranger Energy Services.
Risk & Uncertainty
Ranger Energy Services faces several key risks that could impact its financial performance and valuation. The most significant risk is the cyclical nature of the energy industry. Fluctuations in oil and gas prices can significantly impact demand for Ranger's services, leading to periods of intense competition and pricing pressure. A prolonged downturn in oil and gas prices could negatively impact Ranger's revenue, profitability, and cash flow. The company's ability to manage its cost structure and maintain its market share during these periods is crucial to its long-term success.
Another key risk is competition. The energy services market is highly competitive, with numerous players vying for market share. Ranger faces competition from both large, established companies and smaller, regional players. The company's ability to differentiate itself through superior service quality, customer relationships, and technological innovation is essential to maintaining its competitive advantage. The emergence of new technologies or alternative service providers could also erode Ranger's competitive position.
Regulatory risks also pose a threat to Ranger's business. Changes in environmental regulations or safety standards could increase the company's operating costs and limit its ability to provide certain services. For example, stricter regulations on well decommissioning or fluid management could require Ranger to invest in new equipment and technologies. The company's ability to comply with these regulations and adapt to changing industry standards is crucial to its long-term viability.
Customer concentration is another potential risk. While Ranger aims to maintain a diversified customer base, the loss of a major customer could significantly impact its revenue and profitability. The company's ability to secure long-term contracts and maintain strong relationships with its key customers is essential to mitigating this risk. Furthermore, Ranger's reliance on a limited number of geographic regions could expose it to regional economic downturns or regulatory changes.
Bulls Say / Bears Say
The Bull Case
BULL VIEWRanger's strategic focus on high-specification rigs and integrated service offerings positions it to capitalize on the increasing complexity of well completion and maintenance activities.
BULL VIEWThe company's debt-free balance sheet provides significant financial flexibility to pursue growth opportunities and weather economic downturns, making it a safer investment than its leveraged peers.
The Bear Case
BEAR VIEWRanger's valuation is stretched compared to its peers, and its recent revenue decline suggests that the company is losing market share in a highly competitive industry.
BEAR VIEWThe company's profitability is highly sensitive to fluctuations in oil and gas prices, making it a risky investment in the current volatile energy market.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score RNGR and 4,400+ other equities.
Ranger Energy Services, Inc. exhibits a 66% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
4.3%
Sector: 3.7%
Gross Margin
Pricing power and cost efficiency
20.3%
Sector: 52.7%
Operating Margin
Core business profitability
4.3%
Sector: 10.7%
Net Margin
Bottom-line profitability
3.1%
Sector: 6.4%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield1.89%
Yield Delta-13%
Income Projection audit
A $10,000 investment would generate approximately $164 annually in dividends at the current trailing rate.
