Ranger Energy Services, Inc. (RNGR) To Go Ex-Dividend on August 7th

Ranger Energy Services, Inc. (NYSE:RNGR) announced a quarterly dividend on Monday, July 27th. Investors of record on Friday, August 7th will be paid a dividend of 0.06 per share on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, August 7th.

Ranger Energy Services has a dividend payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ranger Energy Services to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 15.9%.

Ranger Energy Services Price Performance

NYSE:RNGR opened at $14.52 on Wednesday. The firm has a market capitalization of $345.00 million, a P/E ratio of 33.77 and a beta of 0.12. The business has a 50 day simple moving average of $15.74 and a 200 day simple moving average of $16.25. Ranger Energy Services has a 12-month low of $11.88 and a 12-month high of $18.82.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Monday, July 27th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Ranger Energy Services had a return on equity of 3.58% and a net margin of 1.76%.The company had revenue of $176.50 million during the quarter, compared to analyst estimates of $163.93 million. Research analysts anticipate that Ranger Energy Services will post 1.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Ranger Energy Services from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Zacks Research upgraded shares of Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Piper Sandler raised their price target on shares of Ranger Energy Services from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ranger Energy Services in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.00.

About Ranger Energy Services

Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.

Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.