Insider Selling: Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells 30,791 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 30,791 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $15.52, for a total value of $477,876.32. Following the transaction, the director now directly owns 1,863,208 shares in the company, valued at $28,916,988.16. This trade represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 shares were sold at an average price of $16.67, for a total transaction of $1,031,956.35.

Ranger Energy Services Stock Down 0.2 %

Shares of NYSE:RNGR traded down $0.03 on Monday, hitting $15.40. The company had a trading volume of 130,081 shares, compared to its average volume of 128,875. The firm’s 50-day simple moving average is $14.48 and its two-hundred day simple moving average is $12.40. The firm has a market capitalization of $342.54 million, a price-to-earnings ratio of 23.36 and a beta of 0.51. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $17.20.

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

Ranger Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.05 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 1.30%. Ranger Energy Services’s dividend payout ratio (DPR) is 30.30%.

Hedge Funds Weigh In On Ranger Energy Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of Ranger Energy Services by 60.2% in the 2nd quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after buying an additional 1,320 shares during the period. Quest Partners LLC increased its holdings in shares of Ranger Energy Services by 24.4% in the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after purchasing an additional 723 shares in the last quarter. Copeland Capital Management LLC bought a new position in Ranger Energy Services during the 3rd quarter valued at about $51,000. Acadian Asset Management LLC purchased a new stake in shares of Ranger Energy Services during the 2nd quarter valued at about $125,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Ranger Energy Services during the 3rd quarter valued at about $147,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

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.