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Is the Current Crude Oil Price Favorable for Ranger Energy's Business?
Ranger Energy ServicesRanger Energy Services(US:RNGR) ZACKS·2025-10-09 15:51

Key Takeaways Ranger Energy's business benefits from oil prices above 60perbarrel.Customersareprioritizingproductionactivities,aligningwithRanger′sservicestrengths.RNGRtradesata3.19XEV/EBITDA,belowtheindustry′s7.10Xaverage,aftera10.960 per barrel.Customers are prioritizing production activities, aligning with Ranger's service strengths.RNGR trades at a 3.19X EV/EBITDA, below the industry's 7.10X average, after a 10.9% stock gain.Per Oilprice.com data, the West Texas Intermediate (WTI) crude is currently trading at more than 60 per barrel mark. Since Ranger Energy Services Inc.’s (RNGR) overall business is positively correlated to oil prices, let’s analyze whether t ...