Hillsdale Investment Management Inc. Has $4.85 Million Stake in Ranger Energy Services, Inc. $RNGR

Hillsdale Investment Management Inc. trimmed its stake in Ranger Energy Services, Inc. (NYSE:RNGR) by 25.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 347,148 shares of the company’s stock after selling 118,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Ranger Energy Services were worth $4,853,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in shares of Ranger Energy Services by 11.9% during the first quarter. AQR Capital Management LLC now owns 244,598 shares of the company’s stock worth $3,471,000 after purchasing an additional 25,923 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Ranger Energy Services by 5.5% during the first 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 grew its holdings in shares of Ranger Energy Services by 71.5% during the first quarter. Jane Street Group LLC now owns 19,000 shares of the company’s stock worth $270,000 after purchasing an additional 7,924 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Ranger Energy Services during the second quarter worth $132,000. Finally, Geode Capital Management LLC grew 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 worth $4,623,000 after purchasing an additional 24,396 shares during the last quarter. 68.10% of the stock is currently owned by institutional investors.

Ranger Energy Services Trading Up 2.0%

NYSE:RNGR opened at $15.45 on Friday. Ranger Energy Services, Inc. has a 1-year low of $10.56 and a 1-year high of $18.82. The business’s 50-day moving average price is $16.82 and its two-hundred day moving average price is $15.67. The firm has a market capitalization of $367.00 million, a price-to-earnings ratio of 24.52 and a beta of 0.15.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Monday, April 27th. The company reported $0.12 earnings per share 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 company had revenue of $159.10 million during the quarter, compared to analyst estimates of $156.20 million. Sell-side analysts predict that Ranger Energy Services, Inc. will post 1.13 earnings per share for the current year.

Ranger Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.24 annualized dividend and a yield of 1.6%. Ranger Energy Services’s dividend payout ratio is presently 38.10%.

Analyst Ratings Changes

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

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.