Ranger Energy Services (NYSE:RNGR) Announces Quarterly Earnings Results

Ranger Energy Services (NYSE:RNGR) released its quarterly earnings results on Monday. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10, Zacks reports. Ranger Energy Services had a net margin of 2.61% and a return on equity of 5.73%. The business had revenue of $153.00 million for the quarter. During the same period in the prior year, the business posted $0.38 earnings per share.

Ranger Energy Services Stock Up 0.7 %

Ranger Energy Services stock traded up $0.09 during mid-day trading on Thursday, hitting $12.80. 4,717 shares of the stock were exchanged, compared to its average volume of 118,201. The stock has a market capitalization of $292.90 million, a price-to-earnings ratio of 18.68 and a beta of 0.49. Ranger Energy Services has a 12 month low of $9.27 and a 12 month high of $13.54. The firm’s fifty day simple moving average is $12.18 and its two-hundred day simple moving average is $11.21.

Ranger Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, November 8th. Ranger Energy Services’s payout ratio is presently 29.41%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays raised 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 note on Friday, August 16th. Piper Sandler reduced their price objective on Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th.

Insider Transactions at Ranger Energy Services

In related news, SVP J. Matt Hooker sold 7,803 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $12.27, for a total value of $95,742.81. Following the transaction, the senior vice president now owns 92,600 shares in the company, valued at $1,136,202. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

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.