Ranger Energy Services (NYSE:RNGR – Get Free Report) posted its earnings results on Monday. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.15, Zacks reports. Ranger Energy Services had a return on equity of 5.68% and a net margin of 2.61%. The firm had revenue of $138.10 million during the quarter, compared to analyst estimates of $138.00 million. During the same period in the previous year, the company earned $0.24 EPS.
Ranger Energy Services Trading Up 13.5 %
Ranger Energy Services stock opened at $12.83 on Wednesday. The business’s 50-day simple moving average is $10.51 and its 200-day simple moving average is $10.56. Ranger Energy Services has a 52 week low of $9.27 and a 52 week high of $14.64. The firm has a market capitalization of $293.55 million, a PE ratio of 18.87 and a beta of 0.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.90 and a current ratio of 2.01.
Ranger Energy Services Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, August 9th. Ranger Energy Services’s dividend payout ratio is currently 29.41%.
Insider Activity at Ranger Energy Services
Analyst Ratings Changes
Separately, Piper Sandler reduced their price objective on shares of Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, July 15th.
Get Our Latest Report on 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.
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