Ranger Energy Services (NYSE:RNGR) Director Sells $527,059.26 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett Agee sold 36,374 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $14.49, for a total transaction of $527,059.26. Following the transaction, the director owned 1,001,805 shares of the company’s stock, valued at approximately $14,516,154.45. This trade represents a 3.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ranger Energy Services Trading Up 1.6%

NYSE:RNGR opened at $14.36 on Friday. The company has a market cap of $313.67 million, a PE ratio of 14.51 and a beta of 0.45. Ranger Energy Services, Inc. has a twelve month low of $10.56 and a twelve month high of $18.45. The company’s 50 day moving average is $13.14 and its two-hundred day moving average is $12.76.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings data on Monday, July 28th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.24 by $0.08. Ranger Energy Services had a net margin of 3.92% and a return on equity of 8.36%. The business had revenue of $140.60 million for the quarter, compared to the consensus estimate of $141.70 million.

Ranger Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, August 8th. Ranger Energy Services’s dividend payout ratio is 24.24%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Zacks Research raised shares of Ranger Energy Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Piper Sandler started coverage on shares of Ranger Energy Services in a research note on Monday, July 14th. They issued a “neutral” rating and a $13.00 price objective for the company. Finally, Wall Street Zen raised shares of Ranger Energy Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $13.00.

Hedge Funds Weigh In On Ranger Energy Services

Several institutional investors and hedge funds have recently modified their holdings of the company. Encompass Capital Advisors LLC lifted its stake in shares of Ranger Energy Services by 0.8% during the second quarter. Encompass Capital Advisors LLC now owns 1,513,284 shares of the company’s stock valued at $18,069,000 after buying an additional 12,716 shares during the period. American Century Companies Inc. lifted its stake in shares of Ranger Energy Services by 11.9% during the second quarter. American Century Companies Inc. now owns 539,685 shares of the company’s stock valued at $6,444,000 after buying an additional 57,313 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Ranger Energy Services by 2,718.0% during the second quarter. JPMorgan Chase & Co. now owns 434,306 shares of the company’s stock valued at $5,186,000 after buying an additional 418,894 shares during the period. Bridgeway Capital Management LLC lifted its position in Ranger Energy Services by 15.4% during the second quarter. Bridgeway Capital Management LLC now owns 414,921 shares of the company’s stock worth $4,954,000 after buying an additional 55,240 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Ranger Energy Services by 6.7% in the 2nd quarter. Geode Capital Management LLC now owns 387,100 shares of the company’s stock worth $4,623,000 after buying an additional 24,396 shares during the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

About Ranger Energy Services

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.