The market has been high on Ranger Energy Services Inc (RNGR) stock recently. RNGR gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With RNGR Stock Today?
Ranger Energy Services Inc (RNGR) stock is lower by -3.65% while the S&P 500 is higher by 0.17% as of 1:53 PM on Friday, Apr 16. RNGR is down -$0.21 from the previous closing price of $5.76 on volume of 59,120 shares. Over the past year the S&P 500 is higher by 50.09% while RNGR is higher by 38.75%. RNGR lost -$1.21 per share in the over the last 12 months.
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More About Ranger Energy Services Inc
Ranger Energy Services Inc is a provider of onshore high specification well service rigs, wireline completion services and additional complementary services in the United States. It provides range of well site services to U.S. exploration and production companies that are fundamental to establishing and enhancing the flow of oil and natural gas throughout the productive life of a well. The company's service offerings consist of well completion support, workover, well maintenance, wireline, fluid management, other complementary services, as well as installation, commissioning and operating of modular equipment, which are conducted in three reportable segments, High Specification Rigs; Completion and Other Services; and Processing Solutions.
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