Overview
Ranger Q3 revenue of $128.9 mln missed analyst expectations
Adjusted EBITDA for Q3 missed analyst estimates
Company completed acquisition of American Well Services, enhancing Permian Basin presence
Result Drivers
ACQUISITION - Ranger completed acquisition of American Well Services, enhancing scale and service capabilities in the Permian Basin
REDUCED ACTIVITY - Revenue decline attributed to reduced operating activity across all service segments, particularly in completion-focused services
PRODUCTION RIG HOURS - Increased production rig hours in core HSR segment, reflecting stable demand despite broader industry challenges
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$128.90 mln
$141.90 mln (2 Analysts)
Q3 EPS
$0.32
Q3 Net Income
$1.20 mln
Q3 Adjusted EBITDA
Miss
$16.80 mln
$17.36 mln (3 Analysts)
Q3 Free Cash Flow
$8 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil related services and equipment peer group is "buy."
Wall Street's median 12-month price target for Ranger Energy Services Inc is $15.00, about 8.3% above its November 7 closing price of $13.75
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nBw7G5M59a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)