What is the Market's View on Ranger Energy Services Inc (RNGR) Stock's Price and Volume Trends Friday?

Ranger Energy Services Inc (RNGR) stock is lower by 1.07% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Ranger Energy Services Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on RNGR!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With RNGR Stock Today?

Ranger Energy Services Inc (RNGR) stock has risen 4.62% while the S&P 500 is lower by -0.06% as of 10:37 AM on Friday, Dec 1. RNGR has risen $0.45 from the previous closing price of $9.75 on volume of 83,063 shares. Over the past year the S&P 500 has risen 11.89% while RNGR is lower by -8.77%. RNGR earned $1.16 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.77.

More About Ranger Energy Services Inc

Ranger Energy Services Inc is a provider of onshore high specification (high-spec) well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. It offers a range of well site services to leading U.S. exploration and production (E&P) companies that are fundamental to establishing and enhancing the flow of oil and natural gas throughout the productive life of a well. The segments of the group are High Specification Rigs, Wireline Services and Processing Solutions and Ancillary Services, of which key revenue is derived from High Specification Rigs segment. Click Here to get the full Stock Report for Ranger Energy Services Inc stock.