Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Update

Ranger Energy Services, Inc. (NYSE:RNGR) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 171,300 shares, a decrease of 29.7% from the March 15th total of 243,800 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 119,500 shares, the short-interest ratio is currently 1.4 days.

Ranger Energy Services Trading Up 2.1 %

Shares of Ranger Energy Services stock traded up $0.26 during midday trading on Friday, reaching $12.64. The company had a trading volume of 93,070 shares, compared to its average volume of 110,207. The stock has a fifty day simple moving average of $14.76 and a 200 day simple moving average of $14.99. Ranger Energy Services has a 1-year low of $9.27 and a 1-year high of $18.45. The company has a market capitalization of $281.34 million, a price-to-earnings ratio of 19.16 and a beta of 0.27.

Ranger Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.90%. This is an increase from Ranger Energy Services’s previous quarterly dividend of $0.05. Ranger Energy Services’s payout ratio is presently 29.27%.

Insider Activity at Ranger Energy Services

In related news, Director Brett T. Agee sold 13,343 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total transaction of $193,740.36. Following the transaction, the director now owns 1,782,232 shares in the company, valued at $25,878,008.64. This represents a 0.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 43,882 shares of company stock valued at $639,858 in the last three months. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Ranger Energy Services

Several hedge funds have recently added to or reduced their stakes in RNGR. Hillsdale Investment Management Inc. bought a new position in shares of Ranger Energy Services in the 4th quarter valued at about $3,756,000. Acuitas Investments LLC acquired a new stake in Ranger Energy Services during the 4th quarter worth $2,294,000. Prudential Financial Inc. raised its position in shares of Ranger Energy Services by 102.4% during the 4th quarter. Prudential Financial Inc. now owns 219,222 shares of the company’s stock valued at $3,394,000 after acquiring an additional 110,907 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Ranger Energy Services by 54.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 288,805 shares of the company’s stock valued at $4,471,000 after purchasing an additional 102,313 shares during the period. Finally, Alliancebernstein L.P. bought a new position in shares of Ranger Energy Services in the 4th quarter worth $1,570,000. 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.