SG Americas Securities LLC Makes New Investment in Ranger Energy Services, Inc. (NYSE:RNGR)

SG Americas Securities LLC bought a new stake in Ranger Energy Services, Inc. (NYSE:RNGR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,303 shares of the company’s stock, valued at approximately $147,000.

Several other institutional investors also recently made changes to their positions in RNGR. CWM LLC lifted its holdings in shares of Ranger Energy Services by 60.2% in the 2nd quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after purchasing an additional 1,320 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Ranger Energy Services by 4.2% in the second quarter. Victory Capital Management Inc. now owns 38,834 shares of the company’s stock valued at $409,000 after buying an additional 1,576 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of Ranger Energy Services during the second quarter valued at $30,000. Rhumbline Advisers grew its position in shares of Ranger Energy Services by 18.1% during the second quarter. Rhumbline Advisers now owns 23,034 shares of the company’s stock worth $242,000 after acquiring an additional 3,528 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Ranger Energy Services by 10.0% during the first quarter. Janney Montgomery Scott LLC now owns 44,860 shares of the company’s stock worth $506,000 after acquiring an additional 4,072 shares during the last quarter. 68.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Ranger Energy Services news, SVP J. Matt Hooker sold 7,803 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $11.92, for a total transaction of $93,011.76. Following the completion of the transaction, the senior vice president now directly owns 100,403 shares of the company’s stock, valued at approximately $1,196,803.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Ranger Energy Services Stock Performance

NYSE:RNGR opened at $12.37 on Friday. The stock has a market cap of $283.06 million, a price-to-earnings ratio of 18.13 and a beta of 0.49. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $13.72. The business has a fifty day moving average of $12.09 and a 200-day moving average of $11.19.

Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Monday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. Ranger Energy Services had a net margin of 2.61% and a return on equity of 5.73%. The firm had revenue of $138.10 million during the quarter, compared to analyst estimates of $138.00 million. During the same quarter in the prior year, the firm posted $0.24 EPS.

Ranger Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.62%. Ranger Energy Services’s dividend payout ratio is presently 29.41%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th. Piper Sandler reduced their price objective on Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, July 15th.

Ranger Energy Services 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.