Brett T. Agee Sells 61,905 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 61,905 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $16.67, for a total transaction of $1,031,956.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ranger Energy Services Price Performance

Shares of RNGR stock opened at $16.83 on Friday. The firm has a market cap of $374.47 million, a P/E ratio of 25.50 and a beta of 0.49. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $17.15. The firm has a fifty day moving average of $13.21 and a two-hundred day moving average of $11.77.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $153.00 million for the quarter. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. During the same quarter in the previous year, the company posted $0.38 earnings per share.

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, November 8th. Ranger Energy Services’s payout ratio is currently 30.30%.

Institutional Investors Weigh In On Ranger Energy Services

Several large investors have recently modified their holdings of RNGR. Gladius Capital Management LP bought a new position in Ranger Energy Services during the second quarter valued at approximately $30,000. CWM LLC increased its holdings in Ranger Energy Services by 60.2% in the 2nd 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 raised its holdings in shares of Ranger Energy Services by 24.4% in the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after buying an additional 723 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Ranger Energy Services during the 3rd quarter worth about $51,000. Finally, Acadian Asset Management LLC bought a new position in Ranger Energy Services in the 2nd quarter valued at $125,000. 68.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays increased their target price on Ranger Energy Services from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th.

About Ranger Energy Services

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.