Ranger Energy Services (NYSE:RNGR) VP Sells $193,240.60 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) VP J. Matt Hooker sold 11,620 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $16.63, for a total value of $193,240.60. Following the completion of the sale, the vice president directly owned 87,528 shares in the company, valued at approximately $1,455,590.64. This represents a 11.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

J. Matt Hooker also recently made the following trade(s):

• On Thursday, July 23rd, J. Matt Hooker sold 1,291 shares of Ranger Energy Services stock. The stock was sold at an average price of $16.50, for a total value of $21,301.50.

Ranger Energy Services Price Performance

Shares of RNGR stock traded up $0.55 on Tuesday, hitting $17.12. 137,490 shares of the company’s stock were exchanged, compared to its average volume of 217,762. Ranger Energy Services, Inc. has a 12 month low of $11.88 and a 12 month high of $18.82. The stock has a market cap of $400.73 million, a P/E ratio of 28.54 and a beta of 0.12. The company has a 50 day moving average of $15.75 and a 200 day moving average of $16.34.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings data on Monday, July 27th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Ranger Energy Services had a net margin of 2.36% and a return on equity of 4.87%. The business had revenue of $176.50 million during the quarter, compared to analyst estimates of $163.93 million. Sell-side analysts predict that Ranger Energy Services, Inc. will post 1.17 EPS for the current fiscal year.

Ranger Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 7th. Ranger Energy Services’s dividend payout ratio (DPR) is presently 40.00%.

Analyst Ratings Changes

A number of research firms recently issued reports on RNGR. Zacks Research upgraded shares of Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ranger Energy Services in a research note on Wednesday, June 24th. Wall Street Zen raised Ranger Energy Services from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Finally, Piper Sandler upped their target price on Ranger Energy Services from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.00.

Institutional Investors Weigh In On Ranger Energy Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. CSM Advisors LLC raised its position in shares of Ranger Energy Services by 0.4% during the fourth quarter. CSM Advisors LLC now owns 300,849 shares of the company’s stock worth $4,207,000 after acquiring an additional 1,055 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Ranger Energy Services by 2.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 48,909 shares of the company’s stock worth $838,000 after purchasing an additional 1,177 shares during the last quarter. Nuveen LLC lifted its position in shares of Ranger Energy Services by 2.0% in the 4th quarter. Nuveen LLC now owns 63,266 shares of the company’s stock worth $884,000 after purchasing an additional 1,251 shares during the period. First Trust Advisors LP boosted its stake in shares of Ranger Energy Services by 2.8% in the 4th quarter. First Trust Advisors LP now owns 45,567 shares of the company’s stock valued at $637,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Ranger Energy Services by 16.1% during the fourth quarter. Russell Investments Group Ltd. now owns 9,299 shares of the company’s stock worth $130,000 after buying an additional 1,290 shares during the period. Institutional investors and hedge funds own 68.10% of the company’s stock.

About Ranger Energy Services

Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.

Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.