Ranger Energy Services Inc. Class A Common Stock (RNGR)

FairStock Score: 21/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett/Graham-style investor, I see Ranger Energy as a cyclical oilfield services business with a narrow moat at best. It sells well service rigs, wireline services, and related equipment to U.S. exploration and production companies; pricing power follows oil and gas activity rather than a durable franchise. The financial statements show both resilience and weakness. Debt-to-equity is low at 0.16, free cash flow is $23.4 million on a trailing basis, and the FairStock FCF yield is 6.4% at the $15.29 close on 2026-10-13. The Piotroski F-Score is 9/9, a strong sign in the filed numbers. But returns on capital are poor: FairStock ROE is 4.93% and ROCE is 2.90%. Growth has been shrinking annually: FY2023 revenue $636.6 million, net income $23.8 million, and diluted EPS $0.95; FY2024 revenue $571.1 million, net income $18.4 million, and diluted EPS $0.81; FY2025 revenue $546.9 million, net income $12.3 million, and diluted EPS $0.54. There is a recent uptick: in fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $159.1 million, net income $3.0 million, and diluted EPS $0.12, versus fiscal Q1 2025 revenue of $135.2 million, net income $600,000, and diluted EPS $0.03. Valuation is not compelling to me. FairStock P/E is 25.48 and FairStock P/B is 1.19. The Graham Number is $13.19, so the price is about 15.92% above that rough value. EV/EBITDA is 4.99, which looks cheap, and the FairStock Score is 21/100. I would want a wider margin of safety and stronger returns before calling this a high-quality bargain.

In plain English: Ranger Energy Services supplies well service rigs, wireline services, and related equipment to oil and gas companies in the United States. Its results are tied to the energy cycle: annual revenue and profit fell from 2023 through 2025, though the first quarter of 2026 was better than the first quarter of 2025. At $15.29, the shares look around fair to slightly expensive compared with the company's earnings and accounting value, while cash flow and low debt are positives.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer