Insider Selling: Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells 19,209 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 19,209 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $15.30, for a total transaction of $293,897.70. Following the transaction, the director now directly owns 1,843,999 shares of the company’s stock, valued at approximately $28,213,184.70. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 transaction of $1,031,956.35.

Ranger Energy Services Trading Down 3.1 %

RNGR opened at $14.93 on Wednesday. Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $17.20. The stock has a market cap of $332.12 million, a PE ratio of 22.62 and a beta of 0.51. The business’s 50 day moving average is $14.60 and its 200-day moving average is $12.47.

Ranger Energy Services (NYSE:RNGR) last released its 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 firm 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 period in the previous year, the business posted $0.38 EPS.

Ranger Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 annualized dividend and a yield of 1.34%. Ranger Energy Services’s dividend payout ratio (DPR) is 30.30%.

Institutional Investors Weigh In On Ranger Energy Services

A number of institutional investors and hedge funds have recently modified their holdings of RNGR. American Century Companies Inc. raised its stake in Ranger Energy Services by 29.4% during the 2nd 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 during the period. Foundry Partners LLC grew its holdings in shares of 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 buying an additional 41,321 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of Ranger Energy Services during the second quarter valued at $5,337,000. Royce & Associates LP raised its position 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 buying an additional 54,737 shares during the period. Finally, Quest Partners LLC lifted its stake in Ranger Energy Services by 24.4% in the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after acquiring an additional 723 shares in the last quarter. 68.10% of the stock is owned by institutional investors and hedge funds.

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.