5 High Growth Micro-Cap Stocks to Buy According to Hedge Funds

2. Ranger Energy Services, Inc. (NYSE:RNGR)

Quarterly Revenue Growth YoY as of September 30, 2022: 116.65%

Number of Hedge Fund Holders: 9

Ranger Energy Services, Inc. (NYSE:RNGR) is an American provider of oil and gas equipment and services. The company has three business divisions: High Specification Rigs, Wireline Services, and Processing Solutions & Ancillary Services. As of February 23, Ranger Energy Services, Inc. (NYSE:RNGR) has gained 22.22% over the past 6 months.

For the fiscal third quarter of 2022, Ranger Energy Services, Inc. (NYSE:RNGR) reported an EPS of $0.52 and outperformed EPS estimates by $0.17. The company generated a revenue of $177 million for the quarter, up 116.65% year over year and ahead of Wall Street expectations by $6 million. Ranger Energy Services, Inc. (NYSE:RNGR) is ranked second among the best high growth micro-cap stocks to buy now according to hedge funds.

At the end of the fourth quarter of 2022, 9 hedge funds were long Ranger Energy Services, Inc. (NYSE:RNGR) and disclosed collective positions worth $28 million in the company. This is compared to 5 positions in the previous quarter with stakes worth $21.1 million. The hedge fund sentiment for the stock is positive.

As of December 31, Encompass Capital Advisors is the most prominent shareholder in Ranger Energy Services, Inc. (NYSE:RNGR). The fund’s stake in the company is valued at $17.1 million.

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