Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $1,660,000.00 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $16.60, for a total transaction of $1,660,000.00. Following the completion of the transaction, the director now owns 2,222,794 shares of the company’s stock, valued at approximately $36,898,380.40. The trade was a 4.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $16.67, for a total transaction of $1,031,956.35.

Ranger Energy Services Stock Performance

RNGR stock opened at $16.88 on Thursday. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $17.15. The company’s fifty day moving average price is $13.93 and its 200-day moving average price is $12.12. The company has a market capitalization of $375.50 million, a PE ratio of 25.58 and a beta of 0.51.

Ranger Energy Services (NYSE:RNGR) last released its earnings results 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 firm had revenue of $153.00 million for the quarter. During the same period last year, the firm posted $0.38 EPS.

Ranger Energy Services Announces Dividend

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 yield of 1.18%. The ex-dividend date of this dividend was Friday, November 8th. Ranger Energy Services’s payout ratio is 30.30%.

Wall Street Analysts Forecast Growth

Separately, Barclays upped 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 report on Friday, August 16th.

Institutional Investors Weigh In On Ranger Energy Services

Hedge funds have recently bought and sold shares of the business. American Century Companies Inc. raised its stake in Ranger Energy Services by 29.4% during the second quarter. American Century Companies Inc. now owns 277,403 shares of the company’s stock valued at $2,918,000 after purchasing an additional 63,006 shares in the last quarter. Foundry Partners LLC raised its stake in Ranger Energy Services by 10.1% during the third quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock valued at $5,370,000 after purchasing an additional 41,321 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new stake in Ranger Energy Services during the second quarter valued at $5,337,000. Royce & Associates LP raised its stake in Ranger Energy Services by 5.9% during the third quarter. Royce & Associates LP now owns 981,998 shares of the company’s stock valued at $11,696,000 after purchasing an additional 54,737 shares in the last quarter. Finally, Quest Partners LLC raised its stake in Ranger Energy Services by 24.4% during the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after purchasing an additional 723 shares in the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

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.