Ranger Energy Services (RNGR) to Release Quarterly Earnings on Tuesday

Ranger Energy Services (NYSE:RNGR) will issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.24). Ranger Energy Services had a return on equity of 8.67% and a net margin of 3.74%. The business had revenue of $151.50 million for the quarter, compared to the consensus estimate of $151.00 million. During the same period last year, the firm earned $0.30 earnings per share. On average, analysts expect Ranger Energy Services to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ranger Energy Services Price Performance

Shares of NYSE:RNGR opened at $10.05 on Monday. The company’s 50-day moving average price is $11.01 and its two-hundred day moving average price is $10.70. Ranger Energy Services has a one year low of $9.27 and a one year high of $14.64. The stock has a market capitalization of $227.73 million, a PE ratio of 10.47 and a beta of 0.66.

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.99%. Ranger Energy Services’s payout ratio is 20.83%.

Insider Activity

In other news, Director Charles S. Leykum sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $11.64, for a total value of $69,840.00. Following the sale, the director now directly owns 3,994,000 shares of the company’s stock, valued at approximately $46,490,160. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Ranger Energy Services news, Director Charles S. Leykum sold 215,000 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $11.14, for a total value of $2,395,100.00. Following the transaction, the director now directly owns 3,754,000 shares of the company’s stock, valued at approximately $41,819,560. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles S. Leykum sold 6,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $11.64, for a total transaction of $69,840.00. Following the completion of the transaction, the director now directly owns 3,994,000 shares in the company, valued at $46,490,160. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 378,000 shares of company stock valued at $4,212,500. 2.00% of the stock is owned by company insiders.

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.