Ranger Energy Services, Inc. $RNGR Holdings Decreased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. reduced its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 25.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 347,148 shares of the company’s stock after selling 118,000 shares during the quarter. Hillsdale Investment Management Inc. owned about 1.61% of Ranger Energy Services worth $4,853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RNGR. AQR Capital Management LLC raised its position in Ranger Energy Services by 11.9% in the first quarter. AQR Capital Management LLC now owns 244,598 shares of the company’s stock worth $3,471,000 after acquiring an additional 25,923 shares in the last quarter. Empowered Funds LLC raised its position in Ranger Energy Services by 5.5% in the first quarter. Empowered Funds LLC now owns 137,775 shares of the company’s stock worth $1,955,000 after acquiring an additional 7,150 shares in the last quarter. Jane Street Group LLC raised its position in Ranger Energy Services by 71.5% in the first quarter. Jane Street Group LLC now owns 19,000 shares of the company’s stock worth $270,000 after acquiring an additional 7,924 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Ranger Energy Services in the second quarter worth about $132,000. Finally, Geode Capital Management LLC raised its position in Ranger Energy Services by 6.7% in the second quarter. Geode Capital Management LLC now owns 387,100 shares of the company’s stock worth $4,623,000 after acquiring an additional 24,396 shares in the last quarter. 68.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Ranger Energy Services in a report on Friday, March 27th. Piper Sandler boosted their price objective on Ranger Energy Services from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Wall Street Zen upgraded Ranger Energy Services from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Finally, Zacks Research downgraded Ranger Energy Services from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.00.

Ranger Energy Services Stock Performance

Shares of NYSE RNGR opened at $15.45 on Friday. The stock has a market cap of $367.00 million, a price-to-earnings ratio of 24.52 and a beta of 0.15. The business has a 50 day simple moving average of $16.82 and a 200 day simple moving average of $15.67. Ranger Energy Services, Inc. has a 52 week low of $10.56 and a 52 week high of $18.82.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). Ranger Energy Services had a net margin of 2.58% and a return on equity of 5.12%. The firm had revenue of $159.10 million during the quarter, compared to the consensus estimate of $156.20 million. On average, analysts predict that Ranger Energy Services, Inc. will post 1.13 EPS for the current year.

Ranger Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, May 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.6%. Ranger Energy Services’s payout ratio is 38.10%.

Ranger Energy Services Profile

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.