Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Down 17.0% in February

Ranger Energy Services, Inc. (NYSE:RNGR) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 162,700 shares, a decline of 17.0% from the February 13th total of 196,100 shares. Based on an average daily volume of 133,000 shares, the short-interest ratio is currently 1.2 days. Currently, 0.8% of the company’s shares are sold short.

Ranger Energy Services Stock Down 0.8 %

RNGR traded down $0.11 during trading on Thursday, hitting $14.35. 13,954 shares of the company’s stock were exchanged, compared to its average volume of 110,047. The business’s 50 day moving average is $16.52 and its two-hundred day moving average is $14.83. Ranger Energy Services has a fifty-two week low of $9.27 and a fifty-two week high of $18.45. The stock has a market cap of $319.33 million, a P/E ratio of 21.74 and a beta of 0.56.

Ranger Energy Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.06 per share. This is an increase from Ranger Energy Services’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.24 annualized dividend and a yield of 1.67%. Ranger Energy Services’s dividend payout ratio is presently 29.27%.

Insider Transactions at Ranger Energy Services

In related news, Director Brett T. Agee sold 30,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total transaction of $438,300.00. Following the transaction, the director now owns 1,803,539 shares in the company, valued at $26,349,704.79. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 30,539 shares of company stock worth $446,118. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in Ranger Energy Services during the fourth quarter worth $26,000. Quest Partners LLC raised its holdings in Ranger Energy Services by 24.4% during the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after buying an additional 723 shares during the last quarter. Quarry LP acquired a new position in Ranger Energy Services during the fourth quarter worth $65,000. Deutsche Bank AG bought a new stake in shares of Ranger Energy Services in the 4th quarter worth $92,000. Finally, AlphaQuest LLC grew its stake in shares of Ranger Energy Services by 77.1% in the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company’s stock worth $101,000 after acquiring an additional 2,842 shares in the last quarter. Institutional investors and hedge funds 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.