Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Down 18.3% in April

Ranger Energy Services, Inc. (NYSE:RNGR) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 387,400 shares, a decline of 18.3% from the March 31st total of 474,400 shares. Based on an average daily trading volume, of 166,700 shares, the short-interest ratio is currently 2.3 days.

Insiders Place Their Bets

In other news, Director Charles S. Leykum sold 25,000 shares of Ranger Energy Services stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $11.40, for a total transaction of $285,000.00. Following the sale, the director now owns 3,969,000 shares in the company, valued at $45,246,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Charles S. Leykum sold 25,000 shares of Ranger Energy Services stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $11.40, for a total transaction of $285,000.00. Following the sale, the director now owns 3,969,000 shares in the company, valued at $45,246,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles S. Leykum sold 132,000 shares of Ranger Energy Services stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $11.08, for a total value of $1,462,560.00. Following the sale, the director now owns 3,562,000 shares in the company, valued at approximately $39,466,960. The disclosure for this sale can be found here. Insiders sold 378,000 shares of company stock valued at $4,212,500 in the last ninety days. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Ranger Energy Services

Institutional investors have recently added to or reduced their stakes in the business. Copeland Capital Management LLC purchased a new stake in Ranger Energy Services in the 4th quarter valued at approximately $29,000. Barclays PLC boosted its stake in shares of Ranger Energy Services by 120.8% during the 2nd quarter. Barclays PLC now owns 3,138 shares of the company’s stock worth $33,000 after acquiring an additional 1,717 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Ranger Energy Services by 425.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,934 shares of the company’s stock worth $40,000 after acquiring an additional 3,186 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Ranger Energy Services during the 3rd quarter worth approximately $45,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Ranger Energy Services during the 4th quarter worth approximately $96,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Stock Performance

RNGR stock remained flat at $10.25 during trading on Friday. The company had a trading volume of 171,531 shares, compared to its average volume of 116,969. The stock has a market cap of $232.27 million, a price-to-earnings ratio of 10.68 and a beta of 0.60. Ranger Energy Services has a 1 year low of $9.27 and a 1 year high of $14.64. The company has a fifty day simple moving average of $11.03 and a 200-day simple moving average of $10.85.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.24). The company had revenue of $151.50 million during the quarter, compared to analyst estimates of $151.00 million. Ranger Energy Services had a net margin of 3.74% and a return on equity of 8.67%. During the same quarter last year, the firm earned $0.30 EPS. As a group, research analysts forecast that Ranger Energy Services will post 0.84 EPS for the current year.

Ranger Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, March 14th. Ranger Energy Services’s dividend payout ratio is presently 20.83%.

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.