Ranger Energy Services stock reports mixed Q2 2026 results

Published on 10/06/2026 at 13:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ranger Energy Services stock posted USD 176.50 million in Q2 revenue, above the USD 163.93 million estimate. EPS reached USD 0.29, below consensus.

RNGR, US75282U1043, Illustration mit AI erstellt.

Ranger Energy Services stock (ISIN US75282U1043) closed at USD 15.97 on the NYSE on October 5, 2026, up 1.99 percent for the session. The company reported USD 176.50 million in second-quarter 2026 revenue and diluted EPS of USD 0.29, according to MarketBeat.

Revenue beats while EPS misses

Ranger's Q2 revenue exceeded the USD 163.93 million consensus estimate by USD 12.57 million, or 7.7 percent. Diluted EPS, however, came in USD 0.01 below the USD 0.30 estimate, making the quarter a mixed earnings signal rather than a clean beat.

The reported revenue was 10.9 percent above the USD 159.10 million recorded in Q1 2026. Net income attributable to common shareholders reached USD 6.90 million in Q2, compared with USD 3.00 million in the preceding quarter, while the net profit margin was 4.0 percent.

STEP deal expands service capacity

Ranger's most concrete growth move remains its agreement to acquire STEP Energy Services' U.S. coiled tubing assets for USD 27.5 million. The transaction includes 13 spreads across the Permian and Bakken and would make Ranger the second-largest U.S. coiled tubing provider, according to Field News on August 31, 2026.

Ranger Energy Services listed the STEP acquisition among its August 31, 2026 investor-relations releases. The deal adds scale in two major U.S. oil and gas basins, but its purchase price also makes integration and cash generation important factors for the next update.

Analysts see room above USD 15.97

MarketBeat's October 6, 2026 consensus shows a Hold rating from 3 analysts and an average price target of USD 20.00. That target lies 25.2 percent above the October 5 closing price of USD 15.97, while the published high and low targets are both USD 20.00.

Ranger's 52-week range is USD 11.88 to USD 18.82, placing the October 5 close USD 2.85 below the yearly high. The company also has 68.10 percent institutional ownership and a quarterly dividend of USD 0.06, according to MarketBeat.

RNGR stays below its yearly high

Ranger Energy Services stock closed at USD 15.97 on October 5, 2026, with a market capitalization of USD 373.75 million and trading volume of 155,915 shares. The figures leave the stock below its USD 18.82 52-week high while the STEP transaction and Q2 revenue provide the main operating points for evaluating the shares.