Ranger Energy Services
RNGR on NYSE. Ranger Energy Services sells well services to oil and gas companies. Market value $244m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Energy stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $6.59 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
Each dollar kept in the business earns 7 cents a year. Above 10 is good.
Quality score: 63 of 100. Price score: 72 of 100. Our list needs 70 on quality and 60 on price.
$15.65 a share, 32% above its 1-year low
Over the past year the price has ranged from $11.88 to $18.82.
Dividend: 1.5% a year
Paid every year for 3 years
Payouts have jumped around in recent years, so this may not repeat.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: $23 million in the past 12 months, $43 million in the year to December 2025.
| Revenue | |||||
| Revenue | $293m | $609m | $637m | $571m | $547m |
| Operating margin | |||||
| Operating margin | -13.8% | 3.2% | 5.8% | 5.0% | 2.8% |
| Debt to equity | |||||
| Debt to equity | 0.29 | 0.10 | 0.05 | 0.06 | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.02bn | 0.02bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positive4 of 4 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)4 of 7 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsStrong, 23.8% a year
- Buying back its own sharesNo, 67% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $177 million last quarter, up 26% on a year ago.
- Profit: $7 million, about the same as a year ago.
- It keeps 4 cents of each $1 of sales as operating profit, down from 5 cents a year earlier.
- Spare cash over the past 12 months: $23 million, down from $56 million.
- 6% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in 2 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $153m |
| December 2024 | $143m |
| March 2025 | $135m |
| June 2025 | $141m |
| September 2025 | $129m |
| December 2025 | $142m |
| March 2026 | $159m |
| June 2026 | $177m |
| Quarter to | Amount |
|---|---|
| September 2024 | $9m |
| December 2024 | $6m |
| March 2025 | $600,000 |
| June 2025 | $7m |
| September 2025 | $1m |
| December 2025 | $3m |
| March 2026 | $3m |
| June 2026 | $7m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 5 March 2026
- Next quarterly (estimated, 10-Q)
- 27 October 2026
Who owns it
2 long-term investors we follow own it, unchanged from 2 last quarter. 144 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Royce & AssociatesChuck Royce | $21m | 0.2% | Added |
| LSV Asset ManagementJosef Lakonishok | $536,000 | <0.1% | Cut |
Largest holders overall
- IES Holdings$33mAdded
- BlackRock$24mAdded
- Dimensional Fund Advisors LP$22mAdded
- Royce & Associates$21mAdded
- Encompass Capital Advisors$20mCut
- Vanguard Capital Management$13mAdded
- American Century Companies$11mAdded
- TWO Sigma Investments, LP$8mAdded
- Geode Capital Management$8mAdded
- AQR Capital Management$8mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
7 investors own more than 5%.
- IES Holdings, Inc.Passive investor8.8%+1.6 ptsSince 30 June 2026
- Royce & AssociatesPassive investor5.5%Since 30 June 2026
- Encompass Capital Advisors LLCPassive investorat least 5.2%(filed with 2 related holders)Since 30 June 2026
- BlackRock, Inc.Passive investor5.1%+0.2 ptsSince 31 March 2026
- Dimensional Fund Advisors LPPassive investor5.1%Since 30 June 2025
- Bayou Well Holdings Company, LLCat least 5.0%(filed with 1 related holder)Since 27 March 2025
- American Well Holdings, LLCPassive investorat least 4.8%−3.7 pts(filed with 3 related holders)Since 31 March 2026
- Charles S. LeykumSold down below 5%Since 30 March 2025
| Holder | Stake | Since | |
|---|---|---|---|
IES Holdings, Inc. Passive investor | 8.8%+1.6 pts | 30 June 2026 | |
Royce & Associates Passive investor | 5.5% | 30 June 2026 | |
Encompass Capital Advisors LLC Passive investor | at least 5.2% (filed with 2 related holders) | 30 June 2026 | |
BlackRock, Inc. Passive investor | 5.1%+0.2 pts | 31 March 2026 | |
Dimensional Fund Advisors LP Passive investor | 5.1% | 30 June 2025 | |
Bayou Well Holdings Company, LLC | at least 5.0% (filed with 1 related holder) | 27 March 2025 | |
American Well Holdings, LLC Passive investor | at least 4.8%−3.7 pts (filed with 3 related holders) | 31 March 2026 | |
Charles S. Leykum | Sold down below 5% | 30 March 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 2 sold $2m, $2m of it under preset trading plans.
- Bodden StuartChief Executive Officer, DirectorSoldunder a preset trading plan
- Date
- 20 August 2026
- Shares
- 95,000
- Price
- $17.16
- Value
- $2m
- Hooker J. MattExec VP, Well ServicesSoldunder a preset trading plan
- Date
- 10 August 2026
- Shares
- 11,620
- Price
- $16.63
- Value
- $193,241
- Hooker J. MattExec VP, Well ServicesSoldunder a preset trading plan
- Date
- 23 July 2026
- Shares
- 1,291
- Price
- $16.50
- Value
- $21,302
- Hooker J. MattExec VP, Well ServicesSoldunder a preset trading plan
- Date
- 13 July 2026
- Shares
- 2,269
- Price
- $16.50
- Value
- $37,439
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 20 August 2026 | Bodden Stuart Chief Executive Officer, Director | Sold under a preset trading plan | 95,000 | $17.16 | $2m |
| 10 August 2026 | Hooker J. Matt Exec VP, Well Services | Sold under a preset trading plan | 11,620 | $16.63 | $193,241 |
| 23 July 2026 | Hooker J. Matt Exec VP, Well Services | Sold under a preset trading plan | 1,291 | $16.50 | $21,302 |
| 13 July 2026 | Hooker J. Matt Exec VP, Well Services | Sold under a preset trading plan | 2,269 | $16.50 | $37,439 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.