Insider Selling: Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells 61,905 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 61,905 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $16.67, for a total value of $1,031,956.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ranger Energy Services Stock Performance

NYSE:RNGR traded up $0.06 on Friday, hitting $16.76. The stock had a trading volume of 327,880 shares, compared to its average volume of 124,076. The firm’s fifty day simple moving average is $13.11 and its two-hundred day simple moving average is $11.71. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $17.15. The stock has a market cap of $372.83 million, a P/E ratio of 25.61 and a beta of 0.49.

Ranger Energy Services (NYSE:RNGR) last issued 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. The business had revenue of $153.00 million during the quarter. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. During the same quarter in the prior year, the business earned $0.38 EPS.

Ranger Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.05 dividend. 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 1.19%. Ranger Energy Services’s dividend payout ratio (DPR) is 30.30%.

Hedge Funds Weigh In On Ranger Energy Services

A number of institutional investors and hedge funds have recently made changes to their positions in RNGR. Gladius Capital Management LP bought a new position in Ranger Energy Services during the second quarter valued at approximately $30,000. CWM LLC grew its stake in shares of Ranger Energy Services by 60.2% during the 2nd quarter. CWM LLC now owns 3,512 shares of the company’s stock valued at $37,000 after purchasing an additional 1,320 shares during the period. Quest Partners LLC lifted its stake in shares of 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 purchasing an additional 723 shares during the period. Copeland Capital Management LLC purchased a new position in shares of Ranger Energy Services in the third quarter worth approximately $51,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Ranger Energy Services during the 2nd quarter worth $125,000. Institutional investors own 68.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays boosted their target price on shares of Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th.

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.