Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $1,660,000.00 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 100,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $16.60, for a total transaction of $1,660,000.00. Following the transaction, the director now directly owns 2,222,794 shares in the company, valued at $36,898,380.40. The trade was a 4.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Brett T. Agee also recently made the following trade(s):

• On Thursday, November 21st, Brett T. Agee sold 61,905 shares of Ranger Energy Services stock. The stock was sold at an average price of $16.67, for a total value of $1,031,956.35.

Ranger Energy Services Price Performance

Shares of Ranger Energy Services stock opened at $16.86 on Wednesday. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $17.15. The business’s fifty day moving average price is $13.83 and its two-hundred day moving average price is $12.09. The company has a market capitalization of $375.14 million, a P/E ratio of 25.55 and a beta of 0.51.

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

Ranger Energy Services Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quest Partners LLC boosted its stake in Ranger Energy Services by 24.4% during the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after purchasing an additional 723 shares in the last quarter. CWM LLC lifted its holdings in shares of 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 buying an additional 1,320 shares during the period. Victory Capital Management Inc. boosted its stake in Ranger Energy Services by 4.2% during the second quarter. Victory Capital Management Inc. now owns 38,834 shares of the company’s stock valued at $409,000 after buying an additional 1,576 shares in the last quarter. Gladius Capital Management LP acquired a new position in Ranger Energy Services during the second quarter worth about $30,000. Finally, Rhumbline Advisers raised its position in Ranger Energy Services by 18.1% in the second quarter. Rhumbline Advisers now owns 23,034 shares of the company’s stock worth $242,000 after acquiring an additional 3,528 shares in the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays boosted 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 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.