Ranger Energy Services, Inc. (NYSE:RNGR) Announces $0.05 Quarterly Dividend

Ranger Energy Services, Inc. (NYSE:RNGR) declared a quarterly dividend on Monday, October 28th, Zacks reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.05 per share on Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, November 8th.

Ranger Energy Services has a payout ratio of 20.8% indicating that its dividend is sufficiently covered by earnings.

Ranger Energy Services Stock Performance

Shares of NYSE:RNGR opened at $14.67 on Thursday. The stock has a market cap of $326.41 million, a PE ratio of 22.23 and a beta of 0.49. The business’s fifty day moving average price is $12.33 and its two-hundred day moving average price is $11.31. Ranger Energy Services has a one year low of $9.27 and a one year high of $14.84.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays raised their target price on Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, August 16th. Piper Sandler dropped their price objective on shares of Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th.

Insiders Place Their Bets

In other news, SVP J. Matt Hooker sold 7,803 shares of Ranger Energy Services stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $12.27, for a total transaction of $95,742.81. Following the sale, the senior vice president now directly owns 92,600 shares of the company’s stock, valued at approximately $1,136,202. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

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.