Ranger Energy Services Sees FY23 Free Cash Flow Conversion 60%
Portfolio Pulse from Benzinga Newsdesk
Ranger Energy Services has projected a free cash flow conversion of 60% for the fiscal year 2023.
August 07, 2023 | 9:24 pm
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Ranger Energy Services' projection of a 60% free cash flow conversion for FY23 could indicate a strong financial performance.
Free cash flow conversion is a key indicator of a company's financial health. A high conversion rate suggests that the company is generating a significant amount of cash from its operations, which could be used for reinvestment or to return to shareholders. This could potentially lead to a positive reaction from the market, driving the stock price up in the short term.
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IMPORTANCE 70
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