Ranger Energy Services, Inc. (NYSE:RNGR – Get Free Report) declared a quarterly dividend on Monday, November 9th. Investors of record on Friday, November 20th will be paid a dividend of $0.06 per share on Friday, December 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, November 20th.
Ranger Energy Services has a payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Ranger Energy Services to earn $1.46 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 16.4%.
Ranger Energy Services Stock Down 0.8%
RNGR opened at $12.42 on Tuesday. The firm has a 50-day simple moving average of $15.41 and a two-hundred day simple moving average of $16.16. Ranger Energy Services has a 52 week low of $11.88 and a 52 week high of $18.82. The company has a market capitalization of $290.60 million, a PE ratio of 20.70 and a beta of 0.25.
Ranger Energy Services (NYSE:RNGR – Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16). Ranger Energy Services had a net margin of 2.36% and a return on equity of 4.87%. The firm had revenue of $162.80 million for the quarter, compared to the consensus estimate of $175.83 million. As a group, sell-side analysts expect that Ranger Energy Services will post 1.17 earnings per share for the current year.
About Ranger Energy Services
Ranger Energy Services, Inc is an oilfield services company that supports the development, maintenance and production of oil and natural gas wells. The company primarily serves the onshore U.S. energy market, providing services throughout the life cycle of mature and producing wells.
Its operations include well servicing, workover and completion services, wireline and electric-line services, and equipment rental. Ranger’s well-servicing business uses a fleet of rigs to perform activities such as well maintenance, recompletions, remedial work and plugging and abandonment.
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