STOCK TITAN

Ranger Energy Se - RNGR STOCK NEWS

Welcome to our dedicated page for Ranger Energy Se news (Ticker: RNGR), a resource for investors and traders seeking the latest updates and insights on Ranger Energy Se stock.

Overview

Ranger Energy Services Inc (RNGR) is an established provider of onshore high-specification well service rigs, precision wireline completion services, and innovative processing solutions. Operating primarily in the oil and gas sector, the company delivers comprehensive well-site services that are critical in establishing and maintaining the productive lifecycle of wells. With a strong focus on high-quality rigs and ancillary services, Ranger Energy Services Inc caters to the technical needs of exploration and production companies by offering essential equipment and phase-specific support.

Core Business Areas

The company functions through three distinct but interlinked segments which collectively reinforce its market presence:

  • High Specification Rigs: This segment provides advanced well service rigs and complementary equipment such as fluid pumps, power swivels, hydraulic catwalks, and specialized well control packages. These rigs support a variety of operations throughout the lifecycle of a well and ensure operational efficiency on onshore drilling sites.
  • Wireline Services and Completion Solutions: Focused on delivering critical wireline completion services, this segment plays a vital role in transitioning a well into production. It encompasses specialized downhole operations and ancillary services designed to optimize the performance of wells.
  • Processing Solutions and Ancillary Services: Complementing its primary offerings, this segment provides proprietary processing solutions and additional ancillary support, ensuring streamlined well site activities and contributing to the overall efficiency and safety protocols in the field.

Market Position and Industry Significance

Ranger Energy Services Inc holds a significant position in the onshore oil and gas services market, addressing the core operational challenges of exploration and production companies. By specializing in high-specification rigs and integrated well services, the company fulfills a niche that requires both technical precision and operational versatility. Its operations are designed to support the entire well lifecycle, from initial drilling support to well completion and production maintenance, making it an essential partner for industry participants.

Operational Excellence and Strategic Insights

The company emphasizes operational excellence by ensuring its fleet of well service rigs and specialized equipment meet stringent industry standards. Its approach is characterized by an emphasis on reliability, technical innovation, and adherence to rigorous safety protocols. This is achieved through a combination of advanced technological integration, comprehensive maintenance programs, and a strategic focus on the evolving needs of the oil and gas production cycle.

Service Integration and Customer Focus

Understanding that oil and gas operations demand efficiency and adaptability, Ranger Energy Services Inc integrates its services to offer a seamless experience for its clients. Customers benefit from an array of well-site services tailored to the specific phases of production, which include:

  • Enhanced rig services that support both drilling and well intervention.
  • Tailored wireline completion operations that facilitate a smooth transition from drilling to production.
  • Complementary processing solutions designed to support ancillary well site activities.

Industry Terminology and Technical Insights

In the context of high-specification well service, terms such as "wireline completion" and "processing solutions" represent key technical areas that demand precision and reliability. Ranger Energy Services Inc leverages state-of-the-art equipment and operational methodologies to deliver services that not only meet but exceed industry benchmarks. This technical expertise, along with comprehensive customer service, underscores the company's competence and establishes its credibility in the competitive E&P services landscape.

Competitive Landscape and Differentiators

In a sector characterized by stringent operational demands and complex technical requirements, Ranger Energy Services Inc differentiates itself through its focused service portfolio and integrated operational model. The company's emphasis on high-specification equipment and specialized wireline services enables it to address the intricate requirements of modern well operations. This disciplined approach positions it effectively against competitors that may offer more generalized service portfolios, thereby enhancing its appeal among exploration and production companies seeking specialized, reliable support.

Conclusion

Overall, Ranger Energy Services Inc represents a comprehensive solution provider within the onshore oil and gas services industry. Its dedication to delivering high-quality well service rigs, precision-based wireline completion, and integrated processing solutions serves as a testament to its technical expertise and operational rigor. Investors and industry observers can appreciate the company's methodical approach to addressing the complex needs of the exploration and production sector, which reinforces its standing as a crucial component in the broader energy services market.

Rhea-AI Summary
International Seaways, Inc. (NYSE: INSW) announced the nomination of new independent directors, Kristian K. Johansen and Darron M. Anderson, for election at the 2024 Annual Meeting of Stockholders. The Company will refresh its Board by nominating these directors, with Joseph I. Kronsberg retiring. The nominations follow discussions with Seatankers Group and an independent search process. The Company aims to leverage the new directors' expertise to drive strong earnings and execute its capital allocation strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.52%
Tags
none
-
Rhea-AI Summary
Ranger Energy Services, Inc. (RNGR) reported strong financial results for the fourth quarter and full year 2023, with a 5% increase in revenue to $636.6 million, net income of $23.8 million, and Adjusted EBITDA of $84.4 million. The company executed a capital allocation strategy involving debt pay down, dividend initiation, and share repurchases, returning $21.7 million to shareholders in 2023. Additionally, Ranger published its first Sustainability Report.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.47%
Tags
-
Rhea-AI Summary
Ranger Energy Services, Inc. (RNGR) will announce its Q4 and full-year 2023 financial results on March 5, 2024. The management will host an earnings conference call for investors. The CEO and CFO will participate in key industry conferences to discuss business strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
Rhea-AI Summary
Ranger Energy Services announces the appointment of Carla Mashinski and Sean Woolverton to its Board of Directors, effective January 1, 2024. William Austin and Richard Agee will retire from the Board, and Michael Kearney will succeed Mr. Austin as Chairman. The new members bring decades of experience in the oil and gas industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.31%
Tags
management
-
Rhea-AI Summary
Ranger Energy Services, Inc. (NYSE: RNGR) reported its third-quarter 2023 results. Revenue increased by 1% to $164.4 million compared to the second quarter. Net income was $9.4 million, up from $6.1 million in the previous quarter. Adjusted EBITDA increased by 10% to $24.0 million. Year-to-date revenue increased by 7% to $485.1 million compared to the prior year. Net income tripled to $21.7 million. Adjusted EBITDA increased by 14% to $66.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.31%
Tags
-
Rhea-AI Summary
Ranger Energy Services to report Q3 financial and operating results on October 31, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
Rhea-AI Summary
Ranger Energy Services to present at Sidoti Small-Cap Virtual Conference on Sep 21, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
conferences
-
Rhea-AI Summary
Ranger Energy Services to present at Barclays CEO Energy-Power Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.86%
Tags
conferences
-
Rhea-AI Summary
Ranger Energy Services, Inc. (NYSE: RNGR) reported its Q2 2023 results, showing a 6% increase in revenue to $163.2 million and a net income of $6.1 million, compared to a net loss of $0.4 million in Q2 2022. Adjusted EBITDA increased by 22% to $21.9 million. The company achieved its goal of becoming net debt zero and initiated a quarterly dividend of $0.05 per share of common stock. Year-to-date revenue increased by 16% to $320.7 million, with a net income of $12.3 million, up 302% from the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.51%
Tags
Rhea-AI Summary
Ranger Energy Services, Inc. (NYSE:RNGR) to Report Q2 Financial Results and Host Earnings Conference Call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags

FAQ

What is the current stock price of Ranger Energy Se (RNGR)?

The current stock price of Ranger Energy Se (RNGR) is $12.17 as of April 23, 2025.

What is the market cap of Ranger Energy Se (RNGR)?

The market cap of Ranger Energy Se (RNGR) is approximately 279.8M.

What core services does Ranger Energy Services Inc provide?

The company provides onshore high-specification well service rigs, precision wireline completion services, and innovative processing solutions designed for the oil and gas industry.

How is the company organized in terms of business segments?

Ranger Energy Services Inc operates through three main segments: high specification rigs, wireline completion and ancillary services, and processing solutions, each addressing different operational needs.

What distinguishes the high specification rig segment?

This segment focuses on providing advanced well service rigs and related equipment that support various phases of well operations, ensuring operational efficiency and robust performance.

What role do wireline completion services play?

Wireline completion services are critical in finalizing well operations, enabling a smooth transition to production by performing precise downhole tasks essential for well integrity.

How do processing solutions integrate with the company’s offerings?

The processing solutions segment offers proprietary technology and complementary services that support ancillary well operations, enhancing overall site efficiency and operational safety.

Which market does Ranger Energy Services Inc primarily serve?

The company primarily serves exploration and production companies within the onshore oil and gas sector in the United States, providing key operational services essential for well lifecycle management.

How does the company ensure operational excellence?

By adhering to stringent industry standards through advanced technology, comprehensive maintenance, and targeted technical expertise, Ranger Energy Services Inc consistently delivers reliable and efficient well-site services.

How does Ranger Energy Services Inc differentiate itself from competitors?

Its focused integration of high-specification rigs, precision wireline services, and processing solutions as part of a comprehensive operational model sets it apart from broader, less specialized service providers.
Ranger Energy Se

NYSE:RNGR

RNGR Rankings

RNGR Stock Data

279.84M
17.40M
12.29%
75.39%
0.73%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
Link
United States
HOUSTON