Ranger Energy Services, Inc. (RNGR)
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
$16.78-0.83%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
Intact: The reason to own it still holds.
Ranger Energy Services benefits from rising U.S. oilfield activity. Analysts expect revenue to grow about 11% next year. The company aims to generate free cash flow above $25 million in 2025. Profit margins remain stable with a moderate risk profile.
The company has missed earnings several times recently. Free cash flow targets are modest and may be pressured by market headwinds. A slowdown in U.S. activity could hurt revenue growth and cash flow.
The stock price is about 1% below our valuation level. The market expects roughly 11% revenue growth next year, which aligns with consensus estimates. Our view is cautious given recent earnings misses and sector headwinds.
Breaks if: Free cash flow falls below $20 million in FY25
Breaks if: Management fails to adjust operations as U.S. activity changes
Breaks if: YoY revenue growth falls below ~7% in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a moderate risk with a focus on growth and recovery. The current thesis is in a watch state due to mixed signals from recent earnings and sector performance.
The market appears to have priced in a low level of fragility, reflecting a justified valuation compared to peers. There is an expectations gap indicating that the market may not fully anticipate the potential for further growth.
Fundamentals are likely to remain strong, supported by management's execution on key priorities like the AWS acquisition and ECHO fleet expansion. However, there is an elevated risk of a near-term earnings miss, which could impact sentiment.
The thesis hinges on several factors, including the potential for inflation to reaccelerate and the performance of sector bellwethers. Additionally, any guidance cuts from management could negatively affect expectations.
Over the next 1 to 3 years, RNGR's performance will depend on its ability to navigate sector challenges and maintain strong execution. Not investment advice.
The most important moves since the prior daily snapshot.
Confidence changed from 'high' to 'medium'.
Yes, our read has weakened. The latest earnings miss has raised concerns about performance. Cash conversion issues may hinder capital allocation discipline. These factors challenge the company's outlook and overall thesis.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.