Insider Selling: Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells 91,488 Shares of Stock

by · The Cerbat Gem

Ranger Energy Services, Inc. (NYSE:RNGR – Get Free Report) Director Brett T. Agee sold 91,488 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.68, for a total transaction of $1,526,019.84. Following the sale, the director now directly owns 2,446,155 shares in the company, valued at $40,801,865.40. The trade was a 3.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Brett T. Agee also recently made the following trade(s):

  • On Thursday, November 21st, Brett T. Agee sold 61,905 shares of Ranger Energy Services stock. The shares were sold at an average price of $16.67, for a total value of $1,031,956.35.

Ranger Energy Services Trading Down 2.0 %

Shares of RNGR traded down $0.33 during midday trading on Monday, reaching $16.50. The stock had a trading volume of 299,979 shares, compared to its average volume of 124,848. The company has a market capitalization of $367.13 million, a price-to-earnings ratio of 25.50 and a beta of 0.49. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $17.15. The company’s 50-day moving average is $13.21 and its 200 day moving average is $11.78.

Ranger Energy Services (NYSE:RNGR – Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. The firm had revenue of $153.00 million for the quarter. During the same period last year, the business posted $0.38 earnings per share.

Ranger Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.21%. Ranger Energy Services’s dividend payout ratio (DPR) is currently 30.30%.

Institutional Investors Weigh In On Ranger Energy Services

A number of hedge funds and other institutional investors have recently modified their holdings of RNGR. Gladius Capital Management LP bought a new stake in shares of Ranger Energy Services in the second quarter worth about $30,000. CWM LLC increased its stake in shares of Ranger Energy Services by 60.2% during the second quarter. CWM LLC now owns 3,512 shares of the company’s stock valued at $37,000 after buying an additional 1,320 shares during the period. Quest Partners LLC lifted its stake in Ranger Energy Services by 24.4% in the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after acquiring an additional 723 shares during the period. Copeland Capital Management LLC bought a new stake in Ranger Energy Services in the third quarter valued at $51,000. Finally, Acadian Asset Management LLC purchased a new position in Ranger Energy Services during the 2nd quarter valued at $125,000. Institutional investors own 68.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays boosted their price target 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.

Check Out Our Latest Research Report on RNGR

Ranger Energy Services Company Profile

(Get Free Report)

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.

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