$Ranger Energy Services (RNGR.US)$Revenue peaked in 2019, fa...
$Ranger Energy Services (RNGR.US)$Revenue peaked in 2019, falling sharply by 44% in 2020 and rebounding 56% in 2021. Operating profit was lost continuously for the past two years, while net profit was only slightly profitable for a short time in 2019.
Revenue increased 1.7 times in the first 3 quarters of 2022, operating profit increased 1.5 times to 12 million, and net profit reached only 7.5 million.
The current market capitalization is 270 million. If the annual net profit is 0.1 billion, the corresponding price-earnings ratio is 27, which is not very attractive.
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