Intrinsic value of Ranger Energy Services Cl A - RNGR

Previous Close

$8.15

  Intrinsic Value

$2.36

stock screener

  Rating & Target

str. sell

-71%

Previous close

$8.15

 
Intrinsic value

$2.36

 
Up/down potential

-71%

 
Rating

str. sell

We calculate the intrinsic value of RNGR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  246
  381
  569
  826
  1,165
  1,602
  2,151
  2,824
  3,634
  4,590
  5,699
  6,968
  8,399
  9,993
  11,750
  13,668
  15,744
  17,976
  20,358
  22,889
  25,564
  28,380
  31,336
  34,431
  37,663
  41,033
  44,543
  48,195
  51,992
  55,938
Variable operating expenses, $m
  266
  410
  612
  887
  1,250
  1,718
  2,306
  3,027
  3,894
  4,918
  6,105
  7,464
  8,996
  10,704
  12,586
  14,640
  16,864
  19,254
  21,807
  24,517
  27,382
  30,399
  33,566
  36,880
  40,342
  43,952
  47,712
  51,623
  55,690
  59,918
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  266
  410
  612
  887
  1,250
  1,718
  2,306
  3,027
  3,894
  4,918
  6,105
  7,464
  8,996
  10,704
  12,586
  14,640
  16,864
  19,254
  21,807
  24,517
  27,382
  30,399
  33,566
  36,880
  40,342
  43,952
  47,712
  51,623
  55,690
  59,918
Operating income, $m
  -20
  -29
  -42
  -61
  -85
  -116
  -155
  -203
  -260
  -329
  -405
  -496
  -598
  -711
  -836
  -972
  -1,120
  -1,279
  -1,448
  -1,628
  -1,819
  -2,019
  -2,229
  -2,450
  -2,679
  -2,919
  -3,169
  -3,429
  -3,699
  -3,980
EBITDA, $m
  9
  15
  22
  32
  45
  61
  82
  108
  139
  176
  218
  267
  322
  383
  450
  524
  603
  689
  780
  877
  979
  1,087
  1,200
  1,319
  1,443
  1,572
  1,706
  1,846
  1,992
  2,143
Interest expense (income), $m
  1
  7
  47
  105
  187
  298
  445
  634
  871
  1,163
  1,513
  1,927
  2,407
  2,956
  3,575
  4,265
  5,025
  5,855
  6,754
  7,720
  8,751
  9,846
  11,003
  12,222
  13,502
  14,841
  16,239
  17,698
  19,217
  20,797
  22,440
Earnings before tax, $m
  -27
  -76
  -148
  -248
  -383
  -561
  -789
  -1,074
  -1,423
  -1,842
  -2,332
  -2,903
  -3,553
  -4,286
  -5,101
  -5,998
  -6,975
  -8,033
  -9,168
  -10,379
  -11,664
  -13,022
  -14,452
  -15,951
  -17,520
  -19,159
  -20,867
  -22,646
  -24,496
  -26,420
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -27
  -76
  -148
  -248
  -383
  -561
  -789
  -1,074
  -1,423
  -1,842
  -2,332
  -2,903
  -3,553
  -4,286
  -5,101
  -5,998
  -6,975
  -8,033
  -9,168
  -10,379
  -11,664
  -13,022
  -14,452
  -15,951
  -17,520
  -19,159
  -20,867
  -22,646
  -24,496
  -26,420

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  416
  642
  960
  1,393
  1,965
  2,702
  3,627
  4,762
  6,128
  7,740
  9,611
  11,750
  14,163
  16,851
  19,814
  23,049
  26,550
  30,313
  34,331
  38,598
  43,109
  47,859
  52,844
  58,062
  63,512
  69,196
  75,115
  81,273
  87,676
  94,331
Adjusted assets (=assets-cash), $m
  416
  642
  960
  1,393
  1,965
  2,702
  3,627
  4,762
  6,128
  7,740
  9,611
  11,750
  14,163
  16,851
  19,814
  23,049
  26,550
  30,313
  34,331
  38,598
  43,109
  47,859
  52,844
  58,062
  63,512
  69,196
  75,115
  81,273
  87,676
  94,331
Revenue / Adjusted assets
  0.591
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
Average production assets, $m
  245
  379
  567
  823
  1,161
  1,596
  2,142
  2,813
  3,619
  4,571
  5,677
  6,940
  8,365
  9,953
  11,703
  13,613
  15,681
  17,904
  20,277
  22,797
  25,461
  28,267
  31,211
  34,293
  37,512
  40,869
  44,365
  48,002
  51,784
  55,714
Working capital, $m
  1
  2
  3
  4
  6
  8
  11
  14
  18
  23
  28
  35
  42
  50
  59
  68
  79
  90
  102
  114
  128
  142
  157
  172
  188
  205
  223
  241
  260
  280
Total debt, $m
  110
  246
  438
  698
  1,042
  1,484
  2,040
  2,723
  3,543
  4,512
  5,637
  6,923
  8,373
  9,988
  11,769
  13,713
  15,817
  18,079
  20,494
  23,058
  25,769
  28,624
  31,620
  34,756
  38,032
  41,447
  45,004
  48,705
  52,554
  56,553
Total liabilities, $m
  250
  386
  577
  837
  1,181
  1,624
  2,180
  2,862
  3,683
  4,652
  5,776
  7,062
  8,512
  10,128
  11,908
  13,852
  15,957
  18,218
  20,633
  23,198
  25,909
  28,763
  31,759
  34,895
  38,171
  41,587
  45,144
  48,845
  52,693
  56,693
Total equity, $m
  166
  256
  383
  556
  784
  1,078
  1,447
  1,900
  2,445
  3,088
  3,835
  4,688
  5,651
  6,724
  7,906
  9,196
  10,593
  12,095
  13,698
  15,401
  17,201
  19,096
  21,085
  23,167
  25,341
  27,609
  29,971
  32,428
  34,983
  37,638
Total liabilities and equity, $m
  416
  642
  960
  1,393
  1,965
  2,702
  3,627
  4,762
  6,128
  7,740
  9,611
  11,750
  14,163
  16,852
  19,814
  23,048
  26,550
  30,313
  34,331
  38,599
  43,110
  47,859
  52,844
  58,062
  63,512
  69,196
  75,115
  81,273
  87,676
  94,331
Debt-to-equity ratio
  0.670
  0.960
  1.140
  1.260
  1.330
  1.380
  1.410
  1.430
  1.450
  1.460
  1.470
  1.480
  1.480
  1.490
  1.490
  1.490
  1.490
  1.490
  1.500
  1.500
  1.500
  1.500
  1.500
  1.500
  1.500
  1.500
  1.500
  1.500
  1.500
  1.500
Adjusted equity ratio
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399
  0.399

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -27
  -76
  -148
  -248
  -383
  -561
  -789
  -1,074
  -1,423
  -1,842
  -2,332
  -2,903
  -3,553
  -4,286
  -5,101
  -5,998
  -6,975
  -8,033
  -9,168
  -10,379
  -11,664
  -13,022
  -14,452
  -15,951
  -17,520
  -19,159
  -20,867
  -22,646
  -24,496
  -26,420
Depreciation, amort., depletion, $m
  29
  44
  64
  92
  130
  177
  237
  311
  400
  504
  624
  763
  919
  1,094
  1,286
  1,496
  1,723
  1,967
  2,228
  2,505
  2,798
  3,106
  3,430
  3,768
  4,122
  4,491
  4,875
  5,275
  5,691
  6,122
Funds from operations, $m
  2
  -33
  -83
  -155
  -253
  -383
  -551
  -763
  -1,023
  -1,337
  -1,708
  -2,140
  -2,634
  -3,192
  -3,815
  -4,502
  -5,252
  -6,065
  -6,940
  -7,874
  -8,867
  -9,916
  -11,022
  -12,183
  -13,398
  -14,668
  -15,992
  -17,371
  -18,806
  -20,298
Change in working capital, $m
  0
  1
  1
  1
  2
  2
  3
  3
  4
  5
  6
  6
  7
  8
  9
  10
  10
  11
  12
  13
  13
  14
  15
  15
  16
  17
  18
  18
  19
  20
Cash from operations, $m
  2
  -33
  -84
  -156
  -255
  -386
  -554
  -766
  -1,027
  -1,342
  -1,714
  -2,146
  -2,641
  -3,200
  -3,824
  -4,511
  -5,263
  -6,077
  -6,952
  -7,887
  -8,880
  -9,930
  -11,037
  -12,198
  -13,414
  -14,684
  -16,009
  -17,389
  -18,825
  -20,317
Maintenance CAPEX, $m
  -17
  -27
  -42
  -62
  -90
  -128
  -175
  -235
  -309
  -398
  -502
  -624
  -763
  -919
  -1,094
  -1,286
  -1,496
  -1,723
  -1,967
  -2,228
  -2,505
  -2,798
  -3,106
  -3,430
  -3,768
  -4,122
  -4,491
  -4,875
  -5,275
  -5,691
New CAPEX, $m
  -92
  -134
  -188
  -256
  -338
  -435
  -546
  -671
  -807
  -952
  -1,105
  -1,264
  -1,425
  -1,588
  -1,750
  -1,910
  -2,068
  -2,222
  -2,373
  -2,520
  -2,664
  -2,805
  -2,944
  -3,082
  -3,219
  -3,357
  -3,496
  -3,637
  -3,782
  -3,931
Cash from investing activities, $m
  -109
  -161
  -230
  -318
  -428
  -563
  -721
  -906
  -1,116
  -1,350
  -1,607
  -1,888
  -2,188
  -2,507
  -2,844
  -3,196
  -3,564
  -3,945
  -4,340
  -4,748
  -5,169
  -5,603
  -6,050
  -6,512
  -6,987
  -7,479
  -7,987
  -8,512
  -9,057
  -9,622
Free cash flow, $m
  -107
  -194
  -314
  -475
  -683
  -948
  -1,276
  -1,672
  -2,143
  -2,692
  -3,321
  -4,034
  -4,829
  -5,707
  -6,667
  -7,708
  -8,827
  -10,022
  -11,292
  -12,635
  -14,049
  -15,534
  -17,087
  -18,710
  -20,402
  -22,163
  -23,996
  -25,901
  -27,881
  -29,938
Issuance/(repayment) of debt, $m
  94
  136
  191
  260
  344
  443
  556
  682
  821
  969
  1,125
  1,286
  1,450
  1,616
  1,781
  1,944
  2,104
  2,261
  2,415
  2,565
  2,711
  2,855
  2,996
  3,136
  3,276
  3,416
  3,557
  3,701
  3,848
  4,000
Issuance/(repurchase) of shares, $m
  89
  167
  275
  420
  611
  855
  1,158
  1,527
  1,968
  2,485
  3,079
  3,756
  4,516
  5,359
  6,283
  7,288
  8,373
  9,534
  10,771
  12,082
  13,464
  14,918
  16,441
  18,033
  19,695
  21,426
  23,228
  25,103
  27,051
  29,075
Cash from financing (excl. dividends), $m  
  183
  303
  466
  680
  955
  1,298
  1,714
  2,209
  2,789
  3,454
  4,204
  5,042
  5,966
  6,975
  8,064
  9,232
  10,477
  11,795
  13,186
  14,647
  16,175
  17,773
  19,437
  21,169
  22,971
  24,842
  26,785
  28,804
  30,899
  33,075
Total cash flow (excl. dividends), $m
  75
  109
  152
  206
  272
  349
  438
  537
  646
  762
  882
  1,008
  1,137
  1,267
  1,396
  1,524
  1,650
  1,773
  1,894
  2,011
  2,126
  2,239
  2,350
  2,459
  2,569
  2,679
  2,790
  2,902
  3,018
  3,137
Retained Cash Flow (-), $m
  -89
  -167
  -275
  -420
  -611
  -855
  -1,158
  -1,527
  -1,968
  -2,485
  -3,079
  -3,756
  -4,516
  -5,359
  -6,283
  -7,288
  -8,373
  -9,534
  -10,771
  -12,082
  -13,464
  -14,918
  -16,441
  -18,033
  -19,695
  -21,426
  -23,228
  -25,103
  -27,051
  -29,075
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -13
  -58
  -123
  -214
  -339
  -506
  -720
  -990
  -1,322
  -1,723
  -2,197
  -2,748
  -3,379
  -4,092
  -4,887
  -5,764
  -6,722
  -7,761
  -8,877
  -10,071
  -11,338
  -12,679
  -14,091
  -15,574
  -17,126
  -18,748
  -20,439
  -22,200
  -24,033
  -25,939
Discount rate, %
  6.20
  6.51
  6.84
  7.18
  7.54
  7.91
  8.31
  8.72
  9.16
  9.62
  10.10
  10.60
  11.13
  11.69
  12.28
  12.89
  13.53
  14.21
  14.92
  15.67
  16.45
  17.27
  18.14
  19.04
  20.00
  21.00
  22.05
  23.15
  24.30
  25.52
PV of cash for distribution, $m
  -12
  -51
  -101
  -162
  -236
  -320
  -412
  -507
  -601
  -688
  -762
  -820
  -857
  -870
  -860
  -828
  -777
  -710
  -632
  -548
  -463
  -381
  -305
  -237
  -180
  -132
  -94
  -65
  -44
  -28
Current shareholders' claim on cash, %
  45.0
  18.5
  7.3
  2.8
  1.1
  0.4
  0.2
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

Ranger Energy Services, Inc. is an independent provider of high-specification (high-spec) well service rigs and associated services in the United States. The Company focuses on unconventional horizontal well completion and production operations. The Company operates through Well Services and Processing Solutions segment. Well Services segment provides high-spec well service rigs and complementary equipment and services in the United States, with a focus on unconventional horizontal well completion, workover and maintenance operations. Processing Solutions segment engages in the rental, installation, commissioning, start-up, operation and maintenance of MRUs, NGL stabilizer units, NGL storage units and related equipment. The Company also offers full transportation, turn-key mobilization services, installation and ongoing operation services in the field. The Company's turn-key mobilization services include in-bound transportation and site offloading.

FINANCIAL RATIOS  of  Ranger Energy Services Cl A (RNGR)

Valuation Ratios
P/E Ratio -23
Price to Sales 2.2
Price to Book 1
Price to Tangible Book
Price to Cash Flow -23
Price to Free Cash Flow -7.2
Growth Rates
Sales Growth Rate 152.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -57.7%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio 1
Current Ratio 0.4
LT Debt to Equity 8.8%
Total Debt to Equity 11.5%
Interest Coverage -4
Management Effectiveness
Return On Assets -4.2%
Ret/ On Assets - 3 Yr. Avg. -10%
Return On Total Capital -5.6%
Ret/ On T. Cap. - 3 Yr. Avg. -11%
Return On Equity -6.5%
Return On Equity - 3 Yr. Avg. -13.8%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 26.4%
Gross Margin - 3 Yr. Avg. 16.7%
EBITDA Margin 5.7%
EBITDA Margin - 3 Yr. Avg. -6%
Operating Margin -7.5%
Oper. Margin - 3 Yr. Avg. -13.6%
Pre-Tax Margin -9.4%
Pre-Tax Margin - 3 Yr. Avg. -14.3%
Net Profit Margin -9.4%
Net Profit Margin - 3 Yr. Avg. -14.3%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

RNGR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the RNGR stock intrinsic value calculation we used $154 million for the last fiscal year's total revenue generated by Ranger Energy Services Cl A. The default revenue input number comes from 0001 income statement of Ranger Energy Services Cl A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our RNGR stock valuation model: a) initial revenue growth rate of 60% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.2%, whose default value for RNGR is calculated based on our internal credit rating of Ranger Energy Services Cl A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Ranger Energy Services Cl A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of RNGR stock the variable cost ratio is equal to 108.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for RNGR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 42.7% for Ranger Energy Services Cl A.

Corporate tax rate of 27% is the nominal tax rate for Ranger Energy Services Cl A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the RNGR stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for RNGR are equal to 99.6%.

Life of production assets of 9.1 years is the average useful life of capital assets used in Ranger Energy Services Cl A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for RNGR is equal to 0.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $103.7 million for Ranger Energy Services Cl A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 8.907 million for Ranger Energy Services Cl A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Ranger Energy Services Cl A at the current share price and the inputted number of shares is $0.1 billion.

COMPANY NEWS

▶ Ranger Energy Services, Inc. Announces Q3 2018 Results   [Nov-06-18 05:00PM  Business Wire]
▶ Ranger Energy Services, Inc. Announces Q2 2018 Results   [Aug-07-18 05:05PM  Business Wire]
▶ Ranger Energy Services, Inc. Announces New Board Member   [Jul-30-18 08:30AM  Business Wire]
▶ Ranger Energy Services Announces Management Change   [Jun-04-18 04:36PM  Business Wire]
▶ Ranger Energy Services, Inc. Announces Q1 2018 Results   [May-08-18 05:20PM  Business Wire]
▶ Ranger Energy Services, Inc. Announces Q4 2017 Results   [Mar-06-18 05:15PM  Business Wire]
▶ Year in Review: Houston had most IPOs of any Texas city in 2017   [Dec-29-17 09:21AM  American City Business Journals]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.