Stock Data
$0.16 (0.93%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
ENERGY
Industry
OIL & GAS EQUIPMENT & SERVICES
Ranger Energy Services, Inc., based in Houston, Texas, specializes in providing a wide range of services to the oil and gas industry in the United States. With a focus on onshore operations, the company offers high specification well service rigs, wireline completion, and various complementary services. These include maintenance, wireline production and intervention, fluid management, and equipment rental, among others. Ranger Energy prides itself on its extensive fleet, which includes well service rigs and wireline units, supporting exploration and production companies throughout the lifecycle of a well.
Ranger Energy blew past revenue expectations by 7.4% while hitting its $100M annual EBITDA run rate, though an earnings miss signals margin pressure ahead as Wireline's boom contract work winds down for the year. The well services provider's 25.5% year-over-year revenue growth masks a second-half slowdown management is already flagging in its most profitable segment.
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