Ranger Energy Services (NYSE:RNGR) Announces Earnings Results, Beats Estimates By $0.10 EPS

Ranger Energy Services (NYSE:RNGR) announced its quarterly earnings data on Monday. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10, Zacks reports. Ranger Energy Services had a return on equity of 5.73% and a net margin of 2.61%. The firm had revenue of $153.00 million for the quarter. During the same period in the prior year, the company earned $0.38 EPS.

Ranger Energy Services Stock Down 0.3 %

Shares of RNGR traded down $0.04 during trading hours on Wednesday, reaching $12.71. 93,903 shares of the company traded hands, compared to its average volume of 118,752. The stock has a market capitalization of $290.73 million, a PE ratio of 18.72 and a beta of 0.49. The stock has a fifty day simple moving average of $12.16 and a 200 day simple moving average of $11.20. Ranger Energy Services has a fifty-two week low of $9.27 and a fifty-two week high of $13.54.

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 1.57%. Ranger Energy Services’s payout ratio is 29.41%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Barclays boosted their target price on 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. Piper Sandler decreased their target price on Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th.

Insider Buying and Selling at Ranger Energy Services

In related news, SVP J. Matt Hooker sold 7,803 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $12.27, for a total transaction of $95,742.81. Following the sale, the senior vice president now owns 92,600 shares in the company, valued at approximately $1,136,202. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.

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.