Ranger Energy Services, Inc. (NYSE:RNGR – Get Free Report) Director Brett T. Agee sold 30,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total transaction of $438,300.00. Following the completion of the sale, the director now directly owns 1,803,539 shares in the company, valued at $26,349,704.79. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ranger Energy Services Price Performance
RNGR stock opened at $14.23 on Friday. The firm’s fifty day simple moving average is $16.61 and its 200-day simple moving average is $14.78. The company has a market capitalization of $316.52 million, a P/E ratio of 21.56 and a beta of 0.56. Ranger Energy Services, Inc. has a 12 month low of $9.27 and a 12 month high of $18.45.
Ranger Energy Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.06 dividend. This is an increase from Ranger Energy Services’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, March 14th. Ranger Energy Services’s dividend payout ratio is 29.27%.
Institutional Trading of Ranger Energy Services
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.
Further Reading
- Five stocks we like better than Ranger Energy Services
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- Why Invest in 5G? How to Invest in 5G Stocks
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- What Does a Stock Split Mean?
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Receive News & Ratings for Ranger Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ranger Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.