Ranger Energy Services (RNGR)
Market Price (6/23/2026): $15.63 | Market Cap: $368.9 MilSector: Energy | Industry: Oil & Gas Equipment & Services
Ranger Energy Services (RNGR)
Market Price (6/23/2026): $15.63Market Cap: $368.9 MilSector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1% Low stock price volatilityVol 12M is 39% Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies. | Weak multi-year price returns3Y Excs Rtn is -18% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.8% Key risksRNGR key risks include [1] technological erosion of demand for its wireline services due to automation and [2] a pace of energy transition that is too slow to support the successful adoption of its new investment platforms. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1% |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies. |
| Weak multi-year price returns3Y Excs Rtn is -18% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.8% |
| Key risksRNGR key risks include [1] technological erosion of demand for its wireline services due to automation and [2] a pace of energy transition that is too slow to support the successful adoption of its new investment platforms. |
Qualitative Assessment
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Updated on 6/1/2026
Ranger Energy Services (RNGR) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Significant Q1 2026 Earnings Per Share Miss. Ranger Energy Services reported diluted earnings per share (EPS) of $0.12 for the first quarter of 2026, falling significantly short of the consensus analyst estimate of $0.36 by $0.24, or by 38.71% against an estimate of $0.1958. This substantial miss on profitability, despite revenue slightly exceeding expectations, suggests underlying operational challenges impacted the company's bottom line.
2. Negative Operating Cash Flow and Increased Capital Expenditures. In Q1 2026, Ranger Energy Services reported negative cash flow from operating activities of $3.4 million. Concurrently, capital expenditures rose by 154.2% year-over-year to $18.3 million. This increased capital outlay combined with the negative operating cash flow resulted in a significant 82.9% year-over-year decrease in cash and cash equivalents, leaving the company with $6.9 million. A notable $39.6 million use in working capital also contributed to the cash outflow.
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Ranger Energy Services (RNGR) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Significant Q1 2026 Earnings Per Share Miss. Ranger Energy Services reported diluted earnings per share (EPS) of $0.12 for the first quarter of 2026, falling significantly short of the consensus analyst estimate of $0.36 by $0.24, or by 38.71% against an estimate of $0.1958. This substantial miss on profitability, despite revenue slightly exceeding expectations, suggests underlying operational challenges impacted the company's bottom line.
2. Negative Operating Cash Flow and Increased Capital Expenditures. In Q1 2026, Ranger Energy Services reported negative cash flow from operating activities of $3.4 million. Concurrently, capital expenditures rose by 154.2% year-over-year to $18.3 million. This increased capital outlay combined with the negative operating cash flow resulted in a significant 82.9% year-over-year decrease in cash and cash equivalents, leaving the company with $6.9 million. A notable $39.6 million use in working capital also contributed to the cash outflow.
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Updated on 6/1/2026
Ranger Energy Services (RNGR) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Significant Q1 2026 Earnings Per Share Miss. Ranger Energy Services reported diluted earnings per share (EPS) of $0.12 for the first quarter of 2026, falling significantly short of the consensus analyst estimate of $0.36 by $0.24, or by 38.71% against an estimate of $0.1958. This substantial miss on profitability, despite revenue slightly exceeding expectations, suggests underlying operational challenges impacted the company's bottom line.
2. Negative Operating Cash Flow and Increased Capital Expenditures. In Q1 2026, Ranger Energy Services reported negative cash flow from operating activities of $3.4 million. Concurrently, capital expenditures rose by 154.2% year-over-year to $18.3 million. This increased capital outlay combined with the negative operating cash flow resulted in a significant 82.9% year-over-year decrease in cash and cash equivalents, leaving the company with $6.9 million. A notable $39.6 million use in working capital also contributed to the cash outflow.
3. Deteriorating Global Oil Demand Outlook. The macroeconomic environment for oil demand weakened during the period. In May 2026, the International Energy Agency (IEA) projected a contraction in world oil demand by 420 kb/d year-over-year for 2026, a downward revision of 1.3 mb/d from pre-war forecasts. Similarly, the Energy Information Administration (EIA) reduced its 2026 global oil demand growth estimate to 0.2 million barrels per day, down from an earlier projection of 0.6 million barrels per day, following the conflict in Iran. This revised outlook indicates a challenging demand landscape for oilfield services companies.
4. Substantial Insider Selling. Over the last 24 months, Ranger Energy Services insiders engaged in significant selling activity, with total insider sales amounting to $8,831,970.17. A notable portion of this, $7,611,259.25, was attributed to one insider, Brett T Agee. While not exclusively within the specified period, such a large volume of insider selling can signal a lack of confidence and negatively influence investor sentiment.
Show less
Ranger Energy Services (RNGR) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Significant Q1 2026 Earnings Per Share Miss. Ranger Energy Services reported diluted earnings per share (EPS) of $0.12 for the first quarter of 2026, falling significantly short of the consensus analyst estimate of $0.36 by $0.24, or by 38.71% against an estimate of $0.1958. This substantial miss on profitability, despite revenue slightly exceeding expectations, suggests underlying operational challenges impacted the company's bottom line.
2. Negative Operating Cash Flow and Increased Capital Expenditures. In Q1 2026, Ranger Energy Services reported negative cash flow from operating activities of $3.4 million. Concurrently, capital expenditures rose by 154.2% year-over-year to $18.3 million. This increased capital outlay combined with the negative operating cash flow resulted in a significant 82.9% year-over-year decrease in cash and cash equivalents, leaving the company with $6.9 million. A notable $39.6 million use in working capital also contributed to the cash outflow.
3. Deteriorating Global Oil Demand Outlook. The macroeconomic environment for oil demand weakened during the period. In May 2026, the International Energy Agency (IEA) projected a contraction in world oil demand by 420 kb/d year-over-year for 2026, a downward revision of 1.3 mb/d from pre-war forecasts. Similarly, the Energy Information Administration (EIA) reduced its 2026 global oil demand growth estimate to 0.2 million barrels per day, down from an earlier projection of 0.6 million barrels per day, following the conflict in Iran. This revised outlook indicates a challenging demand landscape for oilfield services companies.
4. Substantial Insider Selling. Over the last 24 months, Ranger Energy Services insiders engaged in significant selling activity, with total insider sales amounting to $8,831,970.17. A notable portion of this, $7,611,259.25, was attributed to one insider, Brett T Agee. While not exclusively within the specified period, such a large volume of insider selling can signal a lack of confidence and negatively influence investor sentiment.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -9.7% change in RNGR stock from 2/28/2026 to 6/22/2026 was primarily driven by a -7.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.29 | 15.61 | -9.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 548 | 571 | 4.2% |
| Net Income Margin (%) | 2.7% | 2.6% | -5.3% |
| P/E Multiple | 25.3 | 25.1 | -0.8% |
| Shares Outstanding (Mil) | 22 | 24 | -7.8% |
| Cumulative Contribution | -9.7% |
Market Drivers
2/28/2026 to 6/22/2026| Return | Correlation | |
|---|---|---|
| RNGR | -9.7% | |
| Market (SPY) | 8.8% | 17.9% |
| Sector (XLE) | -2.7% | 37.6% |
Fundamental Drivers
The 16.4% change in RNGR stock from 11/30/2025 to 6/22/2026 was primarily driven by a 27.9% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.41 | 15.61 | 16.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 548 | 571 | 4.2% |
| Net Income Margin (%) | 2.7% | 2.6% | -5.3% |
| P/E Multiple | 19.6 | 25.1 | 27.9% |
| Shares Outstanding (Mil) | 22 | 24 | -7.8% |
| Cumulative Contribution | 16.4% |
Market Drivers
11/30/2025 to 6/22/2026| Return | Correlation | |
|---|---|---|
| RNGR | 16.4% | |
| Market (SPY) | 9.5% | 25.4% |
| Sector (XLE) | 21.3% | 47.1% |
Fundamental Drivers
The 49.1% change in RNGR stock from 5/31/2025 to 6/22/2026 was primarily driven by a 112.4% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.47 | 15.61 | 49.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 569 | 571 | 0.2% |
| Net Income Margin (%) | 3.5% | 2.6% | -25.9% |
| P/E Multiple | 11.8 | 25.1 | 112.4% |
| Shares Outstanding (Mil) | 22 | 24 | -5.5% |
| Cumulative Contribution | 49.1% |
Market Drivers
5/31/2025 to 6/22/2026| Return | Correlation | |
|---|---|---|
| RNGR | 49.1% | |
| Market (SPY) | 27.7% | 25.5% |
| Sector (XLE) | 36.9% | 49.1% |
Fundamental Drivers
The 47.8% change in RNGR stock from 5/31/2023 to 6/22/2026 was primarily driven by a 156.9% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.56 | 15.61 | 47.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 642 | 571 | -11.1% |
| Net Income Margin (%) | 4.2% | 2.6% | -38.7% |
| P/E Multiple | 9.8 | 25.1 | 156.9% |
| Shares Outstanding (Mil) | 25 | 24 | 5.7% |
| Cumulative Contribution | 47.8% |
Market Drivers
5/31/2023 to 6/22/2026| Return | Correlation | |
|---|---|---|
| RNGR | 47.8% | |
| Market (SPY) | 85.1% | 32.6% |
| Sector (XLE) | 55.7% | 58.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RNGR Return | 182% | 7% | -6% | 54% | -8% | 10% | 342% |
| Peers Return | 30% | 77% | -20% | -9% | -7% | 51% | 133% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| RNGR Win Rate | 75% | 42% | 50% | 50% | 50% | 50% | |
| Peers Win Rate | 53% | 57% | 32% | 53% | 47% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| RNGR Max Drawdown | -40% | -27% | -32% | -18% | -41% | -17% | |
| Peers Max Drawdown | -49% | -49% | -42% | -37% | -52% | -20% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PTEN, LBRT, PUMP, RES, NBR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/22/2026 (YTD)
How Low Can It Go
| Event | RNGR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -40.4% | -18.8% |
| % Gain to Breakeven | 67.7% | 23.1% |
| Time to Breakeven | 327 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.3% | -6.7% |
| % Gain to Breakeven | 25.4% | 7.1% |
| Time to Breakeven | 55 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -18.4% | -24.5% |
| % Gain to Breakeven | 22.6% | 32.4% |
| Time to Breakeven | 70 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -56.0% | -33.7% |
| % Gain to Breakeven | 127.3% | 50.9% |
| Time to Breakeven | 439 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -41.1% | -19.2% |
| % Gain to Breakeven | 69.9% | 23.8% |
| Time to Breakeven | 33 days | 105 days |
In The Past
Ranger Energy Services's stock fell -40.4% during the 2025 US Tariff Shock. Such a loss loss requires a 67.7% gain to breakeven.
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Asset Allocation
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| Event | RNGR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -40.4% | -18.8% |
| % Gain to Breakeven | 67.7% | 23.1% |
| Time to Breakeven | 327 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.3% | -6.7% |
| % Gain to Breakeven | 25.4% | 7.1% |
| Time to Breakeven | 55 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -56.0% | -33.7% |
| % Gain to Breakeven | 127.3% | 50.9% |
| Time to Breakeven | 439 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -41.1% | -19.2% |
| % Gain to Breakeven | 69.9% | 23.8% |
| Time to Breakeven | 33 days | 105 days |
In The Past
Ranger Energy Services's stock fell -40.4% during the 2025 US Tariff Shock. Such a loss loss requires a 67.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Ranger Energy Services (RNGR)
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Ranger Energy Services, Inc. (RNGR) is a leading provider of onshore well services for exploration and production (E&P) companies across the United States. The company offers a comprehensive suite of high-specification services designed to support the entire lifecycle of oil and natural gas wells, from initial completion to ongoing maintenance and intervention.
Its core operations are segmented into High Specification Rigs and Wireline Services. The High Specification Rigs segment provides well service rigs and associated equipment for various well operations and maintenance needs, supported by a large fleet of 540 rigs. The Wireline Services segment specializes in critical downhole work, offering wireline production and intervention services such as cased hole logging, perforating, and mechanical services, alongside wireline completion services primarily for pump-down perforating.
Additionally, Ranger Energy Services offers Processing Solutions and Ancillary Services, which include a wide array of rental equipment like fluid pumps, well control packages, and frac tanks. This segment also provides fluid management, decommissioning, coil tubing, and snubbing services, as well as proprietary modular equipment for natural gas processing, further solidifying its position as a diversified service provider to the domestic oil and gas industry.
```AI Analysis | Feedback
Here are a few analogies to describe Ranger Energy Services:
- Ranger Energy Services is like Applied Materials for oil and gas wells, providing specialized equipment and services for well completion, maintenance, and optimization.
- Ranger Energy Services is like a specialized Halliburton or Schlumberger, focused on well service rigs, wireline operations, and equipment rental.
- Ranger Energy Services is like General Electric's industrial services division for oil and gas wells, offering specialized equipment, diagnostics, and maintenance.
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- High Specification Well Service Rigs & Maintenance: Provides well service rigs, complementary equipment, and well maintenance services to facilitate operations throughout a well's lifecycle.
- Wireline Production & Intervention Services: Offers cased hole logging, perforating, mechanical, and pipe recovery services to identify and resolve well production problems.
- Wireline Completion Services: Primarily used for pump-down perforating operations to create entry holes through the production casing.
- Well Service Equipment Rental: Rents well service-related equipment including fluid pumps, power swivels, well control packages, and frac tanks.
- Natural Gas Processing Equipment & Services: Offers proprietary and modular equipment, including associated services, for the processing of natural gas.
- Decommissioning Services: Provides services for the decommissioning of wells.
- Fluid Management Services: Offers services related to the management of fluids in well operations.
- Coil Tubing Services: Delivers specialized well intervention services utilizing coil tubing technology.
- Snubbing Services: Provides specialized snubbing services for well interventions and workovers.
AI Analysis | Feedback
Ranger Energy Services (RNGR) primarily sells its services to other companies, specifically exploration and production companies in the United States.
These customers engage Ranger Energy Services for:
- High specification well service rigs and complementary equipment for well operations and maintenance.
- Wireline completion services, including pump-down perforating, and wireline production and intervention services (cased hole logging, perforating, mechanical, and pipe recovery services).
- Processing solutions and ancillary services, such as rental of well service-related equipment, decommissioning services, fluid management, natural gas processing equipment, coil tubing, and snubbing services.
The provided background information does not list the names of specific major customer companies.
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Stuart Bodden, President and Chief Executive Officer
Mr. Bodden has over 20 years of experience in various executive roles within the oil and gas industry. Prior to joining Ranger Energy Services in September 2021, he served as President and Chief Executive Officer at Express Energy Services from 2016 to 2021. He was also President Director for Pacific Oil and Gas in Singapore and spent over 10 years as a Partner at McKinsey & Company, where he led projects in the oilfield services and upstream oil and gas sectors. Notably, Mr. Bodden previously succeeded Darron Anderson as CEO at Express Energy and then again at Ranger Energy Services. Express Energy was a portfolio company of Apollo Management until its sale in 2020.
Melissa Cougle, Executive Vice President and Chief Financial Officer
Mrs. Cougle joined Ranger Energy Services as CFO in June 2022 and brings over 20 years of experience in treasury, finance, and accounting, with a focus on the energy industry. Before her role at Ranger, she served as CFO of Frank's International through its merger with Expro Group in 2021 and was also CFO of National Energy Services Reunited. She is a Board Member of Tidewater Incorporated and an Advisory Board Member for the Energy Workforce & Technology Council.
J. Matt Hooker, Executive Vice President of Well Services
Tony Meszaros, Senior Vice President of Wireline Services
Mr. Meszaros possesses more than 30 years of experience in the energy industry, with a focus on service-based and technology-minded products. He previously held the position of President and CEO for Western Gulf Water Services, a water recycling service company. His career began at Schlumberger, where he spent 22 years advancing through various wireline roles, and he has also been involved with private equity-focused oilfield businesses.
Jim Kulis, Vice President of Quality, Health, Safety, and Environment
Mr. Kulis has served as Vice President of QHSE for Ranger Rig Services Division since 2018. Prior to joining Ranger, he held senior-level QHSE and training management positions at C&J Energy Services and Nabors Completion and Production Services.
AI Analysis | Feedback
The key risks to Ranger Energy Services (RNGR) are primarily tied to the cyclical nature of the oil and gas industry and the specific operational environment in which it operates:
- Fluctuations in Oil and Natural Gas Prices and Exploration & Production (E&P) Spending: Ranger Energy Services provides services directly to exploration and production companies. The demand for its high specification well service rigs, wireline completion services, and complementary services is highly dependent on the capital expenditures and activity levels of these E&P companies. A sustained decline in crude oil and natural gas prices can lead E&P companies to reduce their drilling, completion, and well maintenance activities, directly impacting Ranger's revenue and profitability.
- Intense Competition and Pricing Pressure: The oilfield services sector, particularly in the United States onshore market, is highly competitive. Ranger Energy Services operates a substantial fleet of well service rigs and wireline units, placing it in a capital-intensive environment where numerous service providers vie for contracts. This competitive landscape can lead to pricing pressure, which could erode service margins, especially during periods of reduced industry activity or oversupply of services.
- Regulatory and Environmental Risks: As a provider of services to the U.S. onshore oil and gas industry, Ranger Energy Services is exposed to extensive and evolving environmental and operational regulations. Changes in these regulations, such as those pertaining to drilling, hydraulic fracturing, emissions, water usage, or well decommissioning, could increase compliance costs for Ranger or its E&P clients. Stricter regulations could also lead to reduced operational activity by E&P companies, consequently diminishing the demand for Ranger’s services.
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Ranger Energy Services, Inc. (RNGR) operates within several addressable markets in the United States and North America for its specialized oil and gas services.
The addressable markets for Ranger Energy Services' main products and services are as follows:
- High Specification Rigs (Well Service Rigs):
- The North America Hydraulic Workover Unit market was valued at approximately USD 1.224 billion in 2025.
- For workover rigs, the North American market represented about 49.2% of the global market, which was USD 6.03 billion in 2024, equating to approximately USD 2.97 billion for North America in 2024.
- Wireline Completion and Production Services:
- The U.S. wireline services market is estimated to be valued at USD 3.09 billion in 2026.
- Processing Solutions and Ancillary Services:
- Coil Tubing Services: The U.S. Coiled Tubing market size was valued at an estimated USD 1.55 billion in 2025.
- Snubbing Services: The global snubbing unit market was valued at USD 6.6 billion in 2025, with North America retaining a significant market share.
- Modular Natural Gas Processing Equipment: The U.S. modular gas processing plant market is estimated to reach USD 0.44 billion by 2026.
AI Analysis | Feedback
Here are the expected drivers of future revenue growth for Ranger Energy Services (RNGR) over the next 2-3 years:
- Integration and Contribution from American Well Services (AWS) Acquisition: Ranger Energy Services completed the acquisition of American Well Services (AWS) in the fourth quarter of 2025, which expanded its market reach, particularly in the Permian Basin. This acquisition is expected to significantly contribute to Ranger's annual EBITDA, with management projecting over $100 million in annual EBITDA generation in 2026, driven by the pro forma financial profile with the AWS acquisition. The integration milestones are reportedly on track, positioning Ranger for long-term growth.
- Deployment and Adoption of ECHO Hybrid Electric Rigs: Ranger Energy Services has developed and is deploying its next-generation ECHO Hybrid Electric Rigs. Following the delivery of the first two operational ECHO rigs in late 2025, the company secured a contract in early 2026 with a major operator for the construction and deployment of 15 additional ECHO rigs. Deliveries for these rigs are anticipated to commence in the third quarter of 2026, with full deployment expected by the end of 2027. Strong customer reception and measurable operational efficiencies are driving a robust pipeline of interest for this technology.
- Increased Utilization of High Specification Rigs: The High Specification Rigs segment demonstrated robust performance in Q4 2025, with increased revenue and rig hours. Ranger Energy Services possesses a significant fleet of high-specification well service rigs and has the capacity to increase activity levels by up to 20% with its existing available rig capacity. Continued strong demand and efficient utilization of these core assets are expected to drive revenue growth.
- Growth in Processing Solutions and Ancillary Services: The Processing Solutions and Ancillary Services segment showed a sequential increase in revenue in Q4 2025. This segment, which includes fluid pumps, power swivels, well control packages, hydraulic catwalks, frac tanks, pipe racks, pipe handling tools, decommissioning services, fluid management, and natural gas processing equipment, offers "meaningful incremental growth opportunities" for Ranger Energy Services.
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Share Repurchases
- Since the inception of its share repurchase program in 2023 through the end of 2025, Ranger Energy Services repurchased a cumulative 4,320,200 shares for a total net cost of $47.1 million, at an average price of $10.80 per share.
- In 2025 alone, the company repurchased 994,400 shares for an aggregate net cost of $12.3 million at an average price of $12.26 per share.
- Year-to-date through the third quarter of 2024, Ranger repurchased 1,520,300 shares for a total value of $15.5 million at an average price of $10.11 per share.
Share Issuance
- In November 2025, Ranger Energy Services issued 2 million shares, valued at $12.51 per share, as part of the consideration for the acquisition of American Well Services.
- Concurrent with the Basic Energy Services acquisition in September 2021, Ranger closed a private placement of $42 million of newly issued Series A Convertible Preferred Stock.
Outbound Investments
- In November 2025, Ranger Energy Services acquired American Well Services (AWS), a Permian Basin-focused well services provider, for approximately $90.5 million. The consideration included $60 million in cash, 2 million shares of Ranger stock, and a $5 million earn-out.
- In September 2021, the company acquired certain assets of Basic Energy Services, Inc. and its subsidiaries for approximately $36.65 million.
- In July 2021, Ranger Energy Services acquired PerfX, a provider of wireline perforating tools and services.
Capital Expenditures
- Total capital expenditures for 2025 were $26.1 million, a decrease from $34.1 million in 2024, with growth capital focused predominantly on the ECHO rig deployments.
- In 2024, capital expenditures totaled $34.1 million, which included approximately $10 million of growth-related purchases for newer generation and ancillary equipment to enhance service capabilities.
- The company anticipates maintenance capital expenditures for 2026 to remain in the range of 4% to 6% of revenue and has secured a contract to build and deploy 15 additional ECHO Hybrid Electric Rigs, with deliveries beginning in the third quarter of 2026.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Ranger Energy Services Earnings Notes | 12/16/2025 | |
| How Low Can Ranger Energy Services Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.32 |
| Mkt Cap | 1.6 |
| Rev LTM | 2,490 |
| Op Inc LTM | 35 |
| FCF LTM | 10 |
| FCF 3Y Avg | 82 |
| CFO LTM | 309 |
| CFO 3Y Avg | 453 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.9% |
| Rev Chg 3Y Avg | -1.5% |
| Rev Chg Q | 5.5% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | -38.8% |
| Op Inc Chg 3Y Avg | -43.5% |
| Op Mgn LTM | 2.4% |
| Op Mgn 3Y Avg | 5.4% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 13.1% |
| CFO/Rev 3Y Avg | 18.6% |
| FCF/Rev LTM | 1.3% |
| FCF/Rev 3Y Avg | 5.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| High Specification Rigs | 347 | 336 | 313 | 293 | 140 |
| Processing Solutions and Ancillary Services | 131 | 125 | 124 | 118 | 35 |
| Wireline Services | 69 | 110 | 199 | 197 | 118 |
| Other | 0 | 0 | 0 | 0 | |
| Total | 547 | 571 | 637 | 608 | 293 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| High Specification Rigs | 46 | 47 | 44 | 34 | -0 |
| Processing Solutions and Ancillary Services | 14 | 18 | 16 | 20 | 0 |
| Wireline Services | -14 | -8 | 7 | 8 | -6 |
| Other | -31 | -28 | -30 | -42 | -35 |
| Total | 15 | 29 | 37 | 20 | -40 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| High Specification Rigs | 46 | 47 | 44 | 34 | 37 |
| Processing Solutions and Ancillary Services | 14 | 18 | 16 | 20 | 0 |
| Wireline Services | -14 | -8 | 7 | 8 | -6 |
| Other | -34 | -38 | -43 | -47 | -34 |
| Total | 12 | 18 | 24 | 15 | -2 |
| $ Mil | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| High Specification Rigs | 204 | 154 | 186 | 214 | |
| Processing Solutions and Ancillary Services | 92 | ||||
| Wireline Services | 60 | ||||
| Other | 37 | 7 | 7 | 1 | 6 |
| Completion and Other Services | 41 | 57 | 47 | ||
| Processing Solutions | 38 | 43 | 40 | 28 | |
| Well Services | 225 | ||||
| Total | 393 | 241 | 294 | 303 | 260 |
Price Behavior
Price Behavior
| Market Price | $15.61 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 08/11/2017 | |
| Distance from 52W High | -15.0% | |
| 50 Days | 200 Days | |
| DMA Price | $16.41 | $15.13 |
| DMA Trend | up | down |
| Distance from DMA | -4.9% | 3.2% |
| 3M | 1YR | |
| Volatility | 34.4% | 39.4% |
| Downside Capture | 97.68 | 76.73 |
| Upside Capture | 19.93 | 83.03 |
| Correlation (SPY) | 9.4% | 26.2% |
RNGR Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.15 | -0.01 | 0.22 | 0.60 | 0.80 | 0.88 |
| Up Beta | -1.66 | -0.62 | -0.67 | -0.22 | 0.31 | 0.91 |
| Down Beta | -2.00 | 0.12 | 0.27 | 0.94 | 1.52 | 1.36 |
| Up Capture | -47% | -12% | 22% | 86% | 80% | 30% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 22 | 31 | 61 | 128 | 384 |
| Down Capture | 273% | 157% | 104% | 77% | 65% | 82% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 11 | 18 | 30 | 59 | 113 | 349 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RNGR | |
|---|---|---|---|---|
| RNGR | 23.7% | 39.3% | 0.63 | - |
| Sector ETF (XLE) | 26.8% | 20.9% | 1.04 | 49.4% |
| Equity (SPY) | 26.1% | 12.4% | 1.59 | 25.8% |
| Gold (GLD) | 24.1% | 27.5% | 0.77 | 14.5% |
| Commodities (DBC) | 18.5% | 18.8% | 0.77 | 30.4% |
| Real Estate (VNQ) | 11.8% | 13.8% | 0.57 | 19.6% |
| Bitcoin (BTCUSD) | -40.2% | 42.5% | -1.09 | 20.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RNGR | |
|---|---|---|---|---|
| RNGR | 16.7% | 44.1% | 0.49 | - |
| Sector ETF (XLE) | 18.7% | 26.1% | 0.65 | 39.1% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 20.1% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 10.0% |
| Commodities (DBC) | 7.5% | 19.4% | 0.28 | 26.7% |
| Real Estate (VNQ) | 2.1% | 18.9% | 0.01 | 14.6% |
| Bitcoin (BTCUSD) | 9.4% | 54.1% | 0.37 | 4.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RNGR | |
|---|---|---|---|---|
| RNGR | 1.5% | 55.1% | 0.25 | - |
| Sector ETF (XLE) | 9.2% | 29.6% | 0.35 | 28.4% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 13.7% |
| Gold (GLD) | 12.2% | 16.1% | 0.62 | 4.3% |
| Commodities (DBC) | 6.0% | 18.0% | 0.26 | 20.1% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 12.1% |
| Bitcoin (BTCUSD) | 59.9% | 66.8% | 1.00 | -1.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/5/2026 | -2.9% | -3.5% | -3.4% |
| 11/10/2025 | -0.3% | 0.1% | 4.4% |
| 7/28/2025 | 13.6% | -1.5% | 6.4% |
| 4/29/2025 | -12.1% | -10.2% | -11.5% |
| 3/3/2025 | -2.1% | -10.8% | -10.6% |
| 10/28/2024 | 2.4% | 6.7% | 34.3% |
| 7/29/2024 | 13.5% | 2.0% | 11.3% |
| 5/7/2024 | -0.3% | 2.3% | -0.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 10 | 12 |
| # Negative | 12 | 10 | 8 |
| Median Positive | 5.3% | 5.1% | 10.5% |
| Median Negative | -1.7% | -3.9% | -3.9% |
| Max Positive | 13.6% | 17.5% | 34.3% |
| Max Negative | -12.1% | -10.8% | -11.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/5/2026 | -2.9% | -3.5% | -3.4% |
| 11/10/2025 | -0.3% | 0.1% | 4.4% |
| 7/28/2025 | 13.6% | -1.5% | 6.4% |
| 4/29/2025 | -12.1% | -10.2% | -11.5% |
| 3/3/2025 | -2.1% | -10.8% | -10.6% |
| 10/28/2024 | 2.4% | 6.7% | 34.3% |
| 7/29/2024 | 13.5% | 2.0% | 11.3% |
| 5/7/2024 | -0.3% | 2.3% | -0.6% |
| 8/7/2023 | 7.5% | 17.5% | 18.5% |
| 5/2/2023 | -1.2% | -0.7% | -2.2% |
| 3/7/2023 | 1.5% | -4.0% | -4.4% |
| 10/28/2022 | -1.2% | 6.4% | 10.4% |
| 8/1/2022 | -4.5% | -3.5% | 3.5% |
| 4/28/2022 | 3.1% | -3.9% | 10.6% |
| 11/4/2021 | -0.9% | 6.4% | -2.2% |
| 7/29/2021 | -2.9% | -7.1% | -10.5% |
| 5/5/2021 | 2.2% | 6.7% | 33.9% |
| 2/25/2021 | -0.5% | 3.8% | 0.4% |
| 10/22/2020 | 11.3% | 2.3% | 25.0% |
| 7/23/2020 | -3.3% | -8.3% | 0.7% |
| SUMMARY STATS | |||
| # Positive | 8 | 10 | 12 |
| # Negative | 12 | 10 | 8 |
| Median Positive | 5.3% | 5.1% | 10.5% |
| Median Negative | -1.7% | -3.9% | -3.9% |
| Max Positive | 13.6% | 17.5% | 34.3% |
| Max Negative | -12.1% | -10.8% | -11.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 03/05/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 03/04/2025 | 10-K |
| 09/30/2024 | 10/28/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/13/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 03/05/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 03/04/2025 | 10-K |
| 09/30/2024 | 10/28/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/13/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 04/29/2022 | 10-Q |
| 12/31/2021 | 03/30/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 07/30/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 10/23/2020 | 10-Q |
| 06/30/2020 | 07/28/2020 | 10-Q |
| 03/31/2020 | 05/01/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 10/25/2019 | 10-Q |
| 06/30/2019 | 07/26/2019 | 10-Q |
Insider Activity
Updated 5/19/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 9192025 | 14.51 | 14,014 | 203,343 | 14,332,847 | Form | |
| 2 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 9162025 | 14.49 | 36,374 | 527,001 | 14,514,556 | Form | |
| 3 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 9162025 | 14.32 | 7,015 | 100,455 | 14,866,723 | Form | |
| 4 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 8262025 | 13.71 | 2,220 | 30,436 | 14,329,610 | Form | |
| 5 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 8202025 | 12.81 | 3,138 | 40,198 | 13,417,373 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 9192025 | 14.51 | 14,014 | 203,343 | 14,332,847 | Form | |
| 2 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 9162025 | 14.49 | 36,374 | 527,001 | 14,514,556 | Form | |
| 3 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 9162025 | 14.32 | 7,015 | 100,455 | 14,866,723 | Form | |
| 4 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 8262025 | 13.71 | 2,220 | 30,436 | 14,329,610 | Form | |
| 5 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 8202025 | 12.81 | 3,138 | 40,198 | 13,417,373 | Form | |
| 6 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 8202025 | 12.83 | 10,000 | 128,300 | 13,478,582 | Form | |
| 7 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 8182025 | 12.82 | 10,000 | 128,200 | 13,596,277 | Form | |
| 8 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 8182025 | 12.63 | 11,147 | 140,787 | 13,521,072 | Form | |
| 9 | Agee, Brett T | Bayou Well Holdings Company, LLC | Sell | 8132025 | 12.76 | 25,000 | 319,000 | 13,802,479 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 6/22/2026