Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $137,788.28 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 8,236 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $16.73, for a total value of $137,788.28. Following the sale, the director now directly owns 2,350,664 shares of the company’s stock, valued at $39,326,608.72. The trade was a 0.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 Stock Down 1.0 %

Shares of RNGR stock traded down $0.17 during trading hours on Wednesday, reaching $16.50. 126,210 shares of the company’s stock were exchanged, compared to its average volume of 125,209. Ranger Energy Services, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $17.15. The stock has a market capitalization of $367.04 million, a P/E ratio of 25.20 and a beta of 0.49. The business has a fifty day moving average price of $13.39 and a 200-day moving average price of $11.87.

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. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. The company had revenue of $153.00 million during the quarter. During the same quarter last year, the firm earned $0.38 earnings per share.

Ranger Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.21%. Ranger Energy Services’s dividend payout ratio (DPR) is presently 30.30%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Gladius Capital Management LP acquired a new position in shares of Ranger Energy Services in the second quarter valued at $30,000. CWM LLC raised its stake 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 purchasing an additional 1,320 shares in the last quarter. Quest Partners LLC raised its stake in shares of Ranger Energy Services by 24.4% in the third 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. Copeland Capital Management LLC acquired a new position in shares of Ranger Energy Services in the third quarter valued at $51,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Ranger Energy Services in the second quarter valued at $125,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

About Ranger Energy Services

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.