Brett T. Agee Sells 8,236 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

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

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 Price Performance

Ranger Energy Services stock opened at $16.50 on Friday. The firm has a market capitalization of $367.13 million, a P/E ratio of 25.00 and a beta of 0.49. The stock has a fifty day moving average price of $13.56 and a two-hundred day moving average price of $11.93. Ranger Energy Services, Inc. has a 52-week low of $9.27 and a 52-week high of $17.15.

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

Ranger Energy Services Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Ranger Energy Services

A number of large investors have recently bought and sold shares of RNGR. Vanguard Group Inc. raised its position in Ranger Energy Services by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 704,514 shares of the company’s stock valued at $7,954,000 after purchasing an additional 5,869 shares during the last quarter. CWM LLC increased 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 buying an additional 1,320 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Ranger Energy Services in the second quarter valued at about $30,000. Bank of New York Mellon Corp lifted its position in Ranger Energy Services by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 220,488 shares of the company’s stock worth $2,320,000 after buying an additional 8,798 shares in the last quarter. Finally, Ritholtz Wealth Management grew its holdings in Ranger Energy Services by 27.9% during the 2nd quarter. Ritholtz Wealth Management now owns 48,406 shares of the company’s stock worth $509,000 after acquiring an additional 10,560 shares during the last quarter. 68.10% of the stock is currently owned by institutional investors.

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.