RNGR - Ranger Energy Services: A Compelling Buy With Insider Buying And Robust Financials
2024-07-20 04:52:01 ET
Summary
- Despite a challenging Q1 2024, the company has a net debt-free position, with over $85 million in liquidity.
- Recent insider buying by the CEO and CFO following a 20% share price sell-off.
- A strong share buyback program in place, and consistent quarterly dividends over the past year.
- Valuation (EV/EBITDA, Price/Book, Price/Cash Flow) below sector and industry average.
- Given these factors, I rate the stock as a Buy.
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Despite a challenging Q1 2024, Ranger Energy Services Inc. ( RNGR ) has a solid financial position, and remains debt-free with over $85 million in liquidity. After a recent 20% drop in Ranger's share price, both the CEO and CFO bought shares in the company, signaling strong confidence in the future share price....
Ranger Energy Services: A Compelling Buy With Insider Buying And Robust Financials