Dimensional Fund Advisors LP Has $21.82 Million Stake in Ranger Energy Services, Inc. $RNGR

Dimensional Fund Advisors LP raised its stake in Ranger Energy Services, Inc. (NYSE:RNGR) by 3.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,273,108 shares of the company’s stock after buying an additional 41,648 shares during the quarter. Dimensional Fund Advisors LP owned about 0.05% of Ranger Energy Services worth $21,822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IES Holdings Inc. acquired a new stake in shares of Ranger Energy Services in the 4th quarter valued at $15,201,000. JPMorgan Chase & Co. increased its holdings in Ranger Energy Services by 2,718.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 434,306 shares of the company’s stock worth $5,186,000 after purchasing an additional 418,894 shares in the last quarter. Simcoe Capital LLC acquired a new position in Ranger Energy Services in the 4th quarter worth about $2,801,000. AQR Capital Management LLC raised its position in Ranger Energy Services by 44.4% in the fourth quarter. AQR Capital Management LLC now owns 580,611 shares of the company’s stock valued at $8,117,000 after purchasing an additional 178,486 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in Ranger Energy Services by 84.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 288,857 shares of the company’s stock valued at $4,056,000 after purchasing an additional 132,297 shares during the last quarter. Institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Price Performance

Shares of RNGR stock opened at $15.95 on Friday. The stock has a market capitalization of $379.07 million, a PE ratio of 26.59 and a beta of 0.12. The business’s 50 day simple moving average is $15.72 and its 200 day simple moving average is $16.31. Ranger Energy Services, Inc. has a one year low of $11.88 and a one year high of $18.82.

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

Ranger Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a $0.06 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.24 annualized dividend and a yield of 1.5%. Ranger Energy Services’s payout ratio is presently 40.00%.

Analyst Ratings Changes

Several analysts have recently weighed in on RNGR shares. Wall Street Zen upgraded Ranger Energy Services from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ranger Energy Services in a research note on Wednesday, June 24th. Zacks Research upgraded shares of Ranger Energy Services from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Finally, Piper Sandler boosted their price objective on shares of Ranger Energy Services from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.00.

About Ranger Energy Services

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.