Ranger Energy Services, Inc.

Ranger Energy Services, Inc.verified

RNGR

Price:

$9.98

Market Cap:

$228.38M

Ranger Energy Services, Inc. provides onshore high specification well service rigs, wireline completion services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The High Specification Rigs segment offers well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well; and well maintenance services. This segment also has a fleet of 540 well service rigs. The Wireline Services segment provides wireline production and intervention services to provide information to identif...[Read more]

Industry

Oil & Gas Equipment & Services

IPO Date

2017-08-11

Stock Exchange

NYSE

Ticker

RNGR

The Current Ratio as of June 2024 (TTM) for Ranger Energy Services, Inc. (RNGR) is 2.01

According to Ranger Energy Services, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.01. This represents a change of 0.53% compared to the average of 2.00 of the last 4 quarters.

Ranger Energy Services, Inc. (RNGR) Historical Current Ratio (quarterly & annually)

How has RNGR Current Ratio performed in the past?

The mean historical Current Ratio of Ranger Energy Services, Inc. over the last ten years is 1.33. The current 2.01 Current Ratio has changed 15.06% with respect to the historical average. Over the past ten years (40 quarters), RNGR's Current Ratio was at its highest in in the June 2023 quarter at 2.12. The Current Ratio was at its lowest in in the March 2016 quarter at 0.

Quarterly (TTM)
Annual

Average

1.33

Median

1.07

Minimum

0.94

Maximum

1.96

Ranger Energy Services, Inc. (RNGR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ranger Energy Services, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 83.58%

Maximum Annual Current Ratio = 1.96

Minimum Annual Increase = -49.86%

Minimum Annual Current Ratio = 0.94

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.964.35%
20221.8883.58%
20211.02-5.31%
20201.081.55%
20191.072.70%
20181.0410.41%
20170.94-49.86%
20161.8776.58%

Ranger Energy Services, Inc. (RNGR) Average Current Ratio

How has RNGR Current Ratio performed in the past?

The current Current Ratio of Ranger Energy Services, Inc. (RNGR) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.62

5-year avg

1.40

10-year avg

1.33

Ranger Energy Services, Inc. (RNGR) Current Ratio vs. Peers

How is RNGR’s Current Ratio compared to its peers?

Ranger Energy Services, Inc.’s Current Ratio is less than Newpark Resources, Inc. (0), less than ProPetro Holding Corp. (2.79), greater than NexTier Oilfield Solutions Inc. (1.18), greater than RPC, Inc. (1.37), less than MRC Global Inc. (4.75), greater than Oil States International, Inc. (1.48), less than Solaris Oilfield Infrastructure, Inc. (3.31), greater than Dril-Quip, Inc. (1.78), less than Expro Group Holdings N.V. (5.35), greater than ChampionX Corporation (1.85), greater than Cactus, Inc. (1.83), less than null (3.24),

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