Overview

* Ranger Q3 revenue of $128.9 mln missed analyst expectations

* Adjusted EBITDA for Q3 missed analyst estimates

* Company completed acquisition of American Well Services, enhancing Permian Basin presence

Result Drivers

* ACQUISITION - Ranger completed acquisition of American Well Services, enhancing scale and service capabilities in the Permian Basin

* REDUCED ACTIVITY - Revenue decline attributed to reduced operating activity across all service segments, particularly in completion-focused services

* PRODUCTION RIG HOURS - Increased production rig hours in core HSR segment, reflecting stable demand despite broader industry challenges

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $128.90 $141.90

Revenue mln mln (2

Analysts

)

Q3 EPS $0.32

Q3 Net $1.20

Income mln

Q3 Miss $16.80 $17.36

Adjusted mln mln (3

EBITDA Analysts

)

Q3 Free $8 mln

Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy."

* Wall Street's median 12-month price target for Ranger Energy Services Inc ( RNGR ) is $15.00, about 8.3% above its November 7 closing price of $13.75

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)