Brett T. Agee Sells 91,488 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 91,488 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $16.68, for a total transaction of $1,526,019.84. Following the completion of the sale, the director now owns 2,446,155 shares of the company’s stock, valued at $40,801,865.40. This represents a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 Trading Down 2.0 %

Shares of Ranger Energy Services stock opened at $16.50 on Tuesday. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $17.15. The firm has a fifty day simple moving average of $13.30 and a 200-day simple moving average of $11.82. The stock has a market capitalization of $367.13 million, a price-to-earnings ratio of 25.00 and a beta of 0.49.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The firm had revenue of $153.00 million during the quarter. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. During the same period in the prior year, the firm earned $0.38 EPS.

Ranger Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, November 8th. Ranger Energy Services’s dividend payout ratio (DPR) is currently 30.30%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RNGR. Barclays PLC grew its stake in shares of Ranger Energy Services by 82.9% in the third quarter. Barclays PLC now owns 33,404 shares of the company’s stock worth $398,000 after acquiring an additional 15,139 shares during the last quarter. Geode Capital Management LLC grew its position in Ranger Energy Services by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 351,793 shares of the company’s stock worth $4,190,000 after purchasing an additional 11,921 shares during the last quarter. State Street Corp increased its holdings in shares of Ranger Energy Services by 2.5% during the 3rd quarter. State Street Corp now owns 323,244 shares of the company’s stock worth $3,850,000 after purchasing an additional 8,008 shares during the period. JB Capital Partners LP raised its position in shares of Ranger Energy Services by 46.3% during the third quarter. JB Capital Partners LP now owns 36,576 shares of the company’s stock valued at $434,000 after buying an additional 11,576 shares during the last quarter. Finally, Foundry Partners LLC raised its position in shares of Ranger Energy Services by 10.1% during the third quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock valued at $5,370,000 after buying an additional 41,321 shares during the last quarter. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays increased their price objective on Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a report 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.