Ranger Energy Services, Inc.
RNGR · Oil & Gas Field Services, NEC · 22.9M shares · +28%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $10M (gross $16M, SBC $6M)
Grade
C65Profitable but low-return onshore well-services provider with solid free cash flow and a fresh Permian acquisition, but no standout metric.
Strengths
- Top-quartile FCF margin (76.9th pct) and decent ROA (68.4th pct); FY26 accretion expected from AWS acquisition
- Low leverage and healthy current/quick ratios (~1.7x)
Risks
- Sub-par returns — ROE just 4.1% (58.8th pct), net margin 2.2%; net income fell ~33%
- Highly cyclical oilfield-services exposure with customer concentration and softening oil prices ($56/bbl 2026 outlook)
Notable findings
- Chronic dilutionShare count +28%/yr over 4y (dilution, book value/share -55%)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
2.8%
Net margin
2.2%
Return on equity
4.1%
Return on assets
2.9%
Revenue growth (QoQ)
11.9%
Net-income growth
-33.2%
Current ratio
1.8×
Free cash flow
$43M
EBITDA
$62M
Tangible book value
$295M
Cash & investments
$10M
Stock comp / revenue
1.2%
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-11 | 2026-06-10 | 0001628280-26-042522 ↗ |
| 8-K | 2026-05-19 | 2026-05-15 | 0001628280-26-036521 ↗ |
| 10-Q | 2026-04-28 | 2026-03-31 | 0001699039-26-000001 ↗ |
| 8-K | 2026-04-27 | 2026-04-27 | 0001628280-26-027500 ↗ |
| 10-K | 2026-03-05 | 2025-12-31 | 0001628280-26-015248 ↗ |
| 8-K | 2026-03-05 | 2026-03-05 | 0001628280-26-014991 ↗ |
| 8-K | 2026-02-03 | 2026-01-16 | 0001628280-26-004999 ↗ |
| 8-K/A | 2026-01-20 | 2025-11-07 | 0001628280-26-002643 ↗ |
| 8-K | 2025-11-10 | 2025-11-07 | 0001699039-25-000099 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001699039-25-000101 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001628280-25-051148 ↗ |
| 8-K | 2025-09-24 | 2025-09-19 | 0001699039-25-000091 ↗ |