Stuart Bodden Sells 95,000 Shares of Ranger Energy Services (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) CEO Stuart Bodden sold 95,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $17.16, for a total value of $1,630,200.00. Following the transaction, the chief executive officer owned 273,800 shares in the company, valued at $4,698,408. This trade represents a 25.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ranger Energy Services Price Performance

Ranger Energy Services stock opened at $17.14 on Friday. The company has a market cap of $401.08 million, a PE ratio of 28.57 and a beta of 0.12. The company has a fifty day moving average price of $16.01 and a two-hundred day moving average price of $16.47. Ranger Energy Services, Inc. has a 12 month low of $11.88 and a 12 month high of $18.82.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Monday, July 27th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Ranger Energy Services had a net margin of 2.36% and a return on equity of 4.87%. The business had revenue of $176.50 million for the quarter, compared to the consensus estimate of $163.93 million. Equities research analysts anticipate that Ranger Energy Services, Inc. will post 1.17 earnings per share for the current year.

Ranger Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 7th. Ranger Energy Services’s dividend payout ratio is currently 40.00%.

Analyst Ratings Changes

RNGR has been the topic of a number of recent research reports. Zacks Research raised shares of Ranger Energy Services from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Ranger Energy Services in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.00.

Hedge Funds Weigh In On Ranger Energy Services

Several institutional investors have recently modified their holdings of RNGR. AQR Capital Management LLC increased its holdings in shares of Ranger Energy Services by 11.9% in the 1st 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 during the period. Empowered Funds LLC grew its position in Ranger Energy Services by 5.5% in the 1st quarter. Empowered Funds LLC now owns 137,775 shares of the company’s stock worth $1,955,000 after purchasing an additional 7,150 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Ranger Energy Services by 71.5% in the first quarter. Jane Street Group LLC now owns 19,000 shares of the company’s stock valued at $270,000 after purchasing an additional 7,924 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Ranger Energy Services in the second quarter valued at approximately $132,000. Finally, Geode Capital Management LLC raised its holdings in shares of Ranger Energy Services by 6.7% during the second quarter. Geode Capital Management LLC now owns 387,100 shares of the company’s stock valued at $4,623,000 after buying an additional 24,396 shares during the last quarter. Institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Company 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.