Brett Agee Sells 11,147 Shares of Ranger Energy Services (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett Agee sold 11,147 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $12.63, for a total value of $140,786.61. Following the completion of the sale, the director directly owned 1,070,552 shares of the company’s stock, valued at approximately $13,521,071.76. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Ranger Energy Services Stock Performance

Ranger Energy Services stock opened at $12.74 on Thursday. Ranger Energy Services, Inc. has a one year low of $10.56 and a one year high of $18.45. The business has a fifty day moving average of $12.50 and a two-hundred day moving average of $13.23. The company has a market cap of $278.24 million, a P/E ratio of 12.87 and a beta of 0.43.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Monday, July 28th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. Ranger Energy Services had a return on equity of 8.36% and a net margin of 3.92%.The company had revenue of $140.60 million during the quarter, compared to the consensus estimate of $141.70 million.

Ranger Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.24 annualized dividend and a yield of 1.9%. Ranger Energy Services’s payout ratio is currently 24.24%.

Analyst Ratings Changes

RNGR has been the subject of several research reports. Wall Street Zen cut Ranger Energy Services from a “strong-buy” rating to a “buy” rating in a report on Sunday. Piper Sandler initiated coverage on Ranger Energy Services in a report on Monday, July 14th. They set a “neutral” rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.00.

Hedge Funds Weigh In On Ranger Energy Services

Several hedge funds have recently bought and sold shares of the stock. Encompass Capital Advisors LLC increased its position in Ranger Energy Services by 0.8% during the second quarter. Encompass Capital Advisors LLC now owns 1,513,284 shares of the company’s stock worth $18,069,000 after buying an additional 12,716 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Ranger Energy Services by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company’s stock worth $16,013,000 after buying an additional 75,088 shares in the last quarter. American Century Companies Inc. increased its position in Ranger Energy Services by 11.9% during the second quarter. American Century Companies Inc. now owns 539,685 shares of the company’s stock worth $6,444,000 after buying an additional 57,313 shares in the last quarter. JPMorgan Chase & Co. increased its position in Ranger Energy Services by 2,718.0% during the second quarter. JPMorgan Chase & Co. now owns 434,306 shares of the company’s stock worth $5,186,000 after buying an additional 418,894 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in Ranger Energy Services by 15.4% during the second quarter. Bridgeway Capital Management LLC now owns 414,921 shares of the company’s stock worth $4,954,000 after buying an additional 55,240 shares in the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

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.