Insider Selling: Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells 61,905 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 61,905 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $16.67, for a total transaction of $1,031,956.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ranger Energy Services Trading Up 0.8 %

Ranger Energy Services stock opened at $16.83 on Monday. The stock has a 50-day moving average price of $13.21 and a 200 day moving average price of $11.78. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $17.15. The stock has a market cap of $374.47 million, a PE ratio of 25.50 and a beta of 0.49.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $153.00 million during the quarter. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. During the same quarter last year, the firm earned $0.38 earnings per share.

Ranger Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 annualized dividend and a yield of 1.19%. Ranger Energy Services’s dividend payout ratio (DPR) is presently 30.30%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its holdings in Ranger Energy Services by 4.5% in the first quarter. Russell Investments Group Ltd. now owns 173,750 shares of the company’s stock valued at $1,962,000 after purchasing an additional 7,431 shares during the period. Vanguard Group Inc. grew its stake in shares of Ranger Energy Services by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 704,514 shares of the company’s stock valued at $7,954,000 after buying an additional 5,869 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of Ranger Energy Services by 74.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 100,854 shares of the company’s stock worth $1,139,000 after buying an additional 43,177 shares during the last quarter. Gendell Jeffrey L raised its position in shares of Ranger Energy Services by 409.6% in the 1st quarter. Gendell Jeffrey L now owns 538,190 shares of the company’s stock worth $6,076,000 after buying an additional 432,570 shares during the period. Finally, CWM LLC boosted its holdings in Ranger Energy Services by 60.2% in the second quarter. CWM LLC now owns 3,512 shares of the company’s stock valued at $37,000 after acquiring an additional 1,320 shares during the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays increased their price target on shares of Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services.