Ranger Energy Services, Inc. (RNGR) To Go Ex-Dividend on November 20th

Ranger Energy Services, Inc. (NYSE:RNGR) announced a quarterly dividend on Monday, November 9th. Stockholders of record on Friday, November 20th will be given a dividend of $0.06 per share on Friday, December 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, November 20th.

Ranger Energy Services has a payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Ranger Energy Services to earn $1.46 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 16.4%.

Ranger Energy Services Stock Performance

NYSE:RNGR opened at $11.28 on Wednesday. The stock has a market capitalization of $263.90 million, a PE ratio of 17.35 and a beta of 0.25. Ranger Energy Services has a fifty-two week low of $10.85 and a fifty-two week high of $18.82. The company has a fifty day moving average of $15.30 and a two-hundred day moving average of $16.14.

Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.11). Ranger Energy Services had a return on equity of 5.18% and a net margin of 2.44%. The firm had revenue of $162.80 million during the quarter, compared to analyst estimates of $175.25 million. Research analysts forecast that Ranger Energy Services will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Ranger Energy Services in a research note on Monday, September 21st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Ranger Energy Services presently has a consensus rating of “Hold” and an average price target of $20.00.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc. is an oilfield services company that supports the development, maintenance and production of oil and natural gas wells. The company primarily serves the onshore U.S. energy market, providing services throughout the life cycle of mature and producing wells. Its operations include well servicing, workover and completion services, wireline and electric-line services, and equipment rental. Ranger’s well-servicing business uses a fleet of rigs to perform activities such as well maintenance, recompletions, remedial work and plugging and abandonment.