Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $2,395,100.00 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Charles S. Leykum sold 215,000 shares of Ranger Energy Services stock in a transaction on Monday, March 25th. The shares were sold at an average price of $11.14, for a total value of $2,395,100.00. Following the transaction, the director now owns 3,754,000 shares in the company, valued at approximately $41,819,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ranger Energy Services Trading Up 0.5 %

Shares of RNGR stock opened at $11.16 on Thursday. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $14.64. The company has a market capitalization of $252.89 million, a price-to-earnings ratio of 11.63 and a beta of 0.61. The stock’s fifty day simple moving average is $10.48 and its 200-day simple moving average is $11.17.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Tuesday, March 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.24). Ranger Energy Services had a net margin of 3.74% and a return on equity of 8.67%. The firm had revenue of $151.50 million during the quarter, compared to analysts’ expectations of $151.00 million. During the same quarter last year, the firm earned $0.30 EPS. On average, sell-side analysts predict that Ranger Energy Services, Inc. will post 1.1 EPS for the current year.

Ranger Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be paid a $0.05 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.79%. Ranger Energy Services’s dividend payout ratio (DPR) is currently 20.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners purchased a new position in Ranger Energy Services in the third quarter valued at about $872,000. Trexquant Investment LP boosted its stake in shares of Ranger Energy Services by 60.1% during the 3rd quarter. Trexquant Investment LP now owns 46,726 shares of the company’s stock worth $663,000 after acquiring an additional 17,545 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Ranger Energy Services during the 3rd quarter worth about $2,229,000. Ritholtz Wealth Management bought a new stake in shares of Ranger Energy Services during the 3rd quarter worth about $179,000. Finally, Barclays PLC boosted its stake in shares of Ranger Energy Services by 50.2% during the 3rd quarter. Barclays PLC now owns 4,713 shares of the company’s stock worth $67,000 after acquiring an additional 1,575 shares in the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

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.