Brett T. Agee Sells 30,791 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 30,791 shares of the firm’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 completion of the sale, the director now directly owns 1,863,208 shares of the company’s stock, valued at $28,916,988.16. The trade was a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $1,031,956.35.

Ranger Energy Services Stock Down 2.3 %

NYSE RNGR opened at $14.58 on Thursday. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $17.20. The firm has a market capitalization of $324.33 million, a price-to-earnings ratio of 22.09 and a beta of 0.51. The company has a fifty day moving average of $14.65 and a two-hundred day moving average of $12.48.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. The company had revenue of $153.00 million for the quarter. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. During the same quarter in the previous year, the company posted $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. Investors of record on Friday, November 8th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, November 8th. Ranger Energy Services’s dividend payout ratio is currently 30.30%.

Hedge Funds Weigh In On Ranger Energy Services

A number of large investors have recently bought and sold shares of RNGR. CWM LLC increased its stake in Ranger Energy Services by 60.2% in the second quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after purchasing an additional 1,320 shares during the period. Quest Partners LLC grew its holdings 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 worth $44,000 after purchasing an additional 723 shares during the last quarter. Copeland Capital Management LLC purchased a new position in Ranger Energy Services in the 3rd quarter worth about $51,000. Acadian Asset Management LLC bought a new stake in Ranger Energy Services during the 2nd quarter valued at about $125,000. Finally, Hsbc Holdings PLC purchased a new stake in Ranger Energy Services in the 2nd quarter valued at about $134,000. 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.