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HOUSTON - Ranger Energy Services, Inc. (NYSE:RNGR), a $275 million market cap energy services company currently trading at $12.25, announced Thursday it has dual listed its common stock on NYSE Texas, a new fully electronic equities exchange based in Dallas. The company will maintain its primary listing on the New York Stock Exchange while trading under the same RNGR ticker symbol on NYSE Texas. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimate.
"We are excited to join the NYSE Texas as a Founding Member," said Ranger CEO Stuart Bodden in a press release statement. "Ranger has always maintained a deep presence here in the state, employing over a thousand Texans from the Permian Basin to our Houston headquarters."
Chris Taylor, Chief Development Officer of NYSE Group, said the company is "proud to welcome Ranger to our community of Founding Members at NYSE Texas."
Ranger Energy Services describes itself as one of the largest providers of high specification mobile rig well services, cased hole wireline services, and ancillary services in the U.S. oil and gas industry. The company provides services throughout the lifecycle of wells, including completion, production, maintenance, intervention, workover and abandonment phases.
NYSE Texas is a newly launched exchange headquartered in Dallas, Texas.
In other recent news, Ranger Energy Services reported its first-quarter 2025 earnings, revealing a notable shortfall in both earnings per share (EPS) and revenue compared to analyst forecasts. The company’s EPS was $0.03, significantly below the expected $0.25, while revenue reached $135.2 million, missing the forecasted $137.3 million. Despite these challenges, Ranger Energy Services experienced a 42% year-over-year increase in Adjusted EBITDA, indicating improved operational efficiency. Additionally, Ranger Energy Services held its 2025 Annual General Meeting, where shareholders approved several key proposals, including the reelection of directors and the ratification of the company’s accounting firm. The meeting also saw the approval of the company’s executive compensation program and the Amended and Restated 2017 Long-Term Incentive Plan. The company’s strong liquidity position, with no long-term debt, was highlighted during the earnings call, reflecting its financial resilience. Ranger Energy Services continues to focus on modernizing its rig fleet and expanding its gas capture and processing platform, Torrent. The company remains committed to its strategic priorities, including maximizing free cash flow and exploring merger and acquisition opportunities.
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