Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $137,788.28 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 8,236 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $16.73, for a total value of $137,788.28. Following the transaction, the director now owns 2,350,664 shares of the company’s stock, valued at $39,326,608.72. This represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $16.67, for a total value of $1,031,956.35.

Ranger Energy Services Stock Down 1.0 %

Ranger Energy Services stock traded down $0.17 during mid-day trading on Wednesday, hitting $16.50. 126,210 shares of the company were exchanged, compared to its average volume of 125,209. The business has a fifty day moving average of $13.39 and a 200 day moving average of $11.87. The company has a market capitalization of $367.04 million, a PE ratio of 25.20 and a beta of 0.49. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $17.15.

Ranger Energy Services (NYSE:RNGR) last announced 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 company had revenue of $153.00 million for 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 previous year, the company posted $0.38 EPS.

Ranger Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, November 8th. Ranger Energy Services’s payout ratio is presently 30.30%.

Hedge Funds Weigh In On Ranger Energy Services

Several hedge funds have recently added to or reduced their stakes in RNGR. Vanguard Group Inc. boosted its holdings in Ranger Energy Services by 0.8% in the first quarter. Vanguard Group Inc. now owns 704,514 shares of the company’s stock valued at $7,954,000 after acquiring an additional 5,869 shares during the last quarter. CWM LLC boosted its holdings in Ranger Energy Services by 60.2% in the second quarter. CWM LLC now owns 3,512 shares of the company’s stock valued at $37,000 after acquiring an additional 1,320 shares during the last quarter. Gladius Capital Management LP bought a new position in Ranger Energy Services in the second quarter valued at about $30,000. Bank of New York Mellon Corp boosted its holdings in Ranger Energy Services by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 220,488 shares of the company’s stock valued at $2,320,000 after acquiring an additional 8,798 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in Ranger Energy Services by 27.9% in the second quarter. Ritholtz Wealth Management now owns 48,406 shares of the company’s stock valued at $509,000 after acquiring an additional 10,560 shares during the last quarter. Institutional investors own 68.10% of the company’s stock.

Analyst Ratings Changes

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

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.