JB Capital Partners LP Boosts Stock Position in Ranger Energy Services, Inc. (NYSE:RNGR)

JB Capital Partners LP raised its stake in Ranger Energy Services, Inc. (NYSE:RNGR) by 46.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,576 shares of the company’s stock after purchasing an additional 11,576 shares during the quarter. JB Capital Partners LP owned 0.16% of Ranger Energy Services worth $434,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Foundry Partners LLC boosted its holdings in shares of Ranger Energy Services by 10.1% in the third quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock valued at $5,370,000 after acquiring an additional 41,321 shares in the last quarter. Quest Partners LLC lifted its position in Ranger Energy Services by 24.4% in the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after purchasing an additional 723 shares during the period. Empowered Funds LLC boosted its holdings in Ranger Energy Services by 15.0% in the 3rd quarter. Empowered Funds LLC now owns 124,244 shares of the company’s stock valued at $1,480,000 after purchasing an additional 16,178 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Ranger Energy Services by 5.9% in the 3rd quarter. Royce & Associates LP now owns 981,998 shares of the company’s stock valued at $11,696,000 after buying an additional 54,737 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in shares of Ranger Energy Services by 391.4% in the third quarter. GSA Capital Partners LLP now owns 118,744 shares of the company’s stock valued at $1,414,000 after buying an additional 94,580 shares in the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.

Insider Buying and Selling

In other news, SVP J. Matt Hooker sold 7,803 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $12.27, for a total value of $95,742.81. Following the completion of the transaction, the senior vice president now directly owns 92,600 shares of the company’s stock, valued at $1,136,202. The trade was a 7.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brett T. Agee sold 91,488 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.68, for a total value of $1,526,019.84. Following the completion of the sale, the director now owns 2,446,155 shares in the company, valued at $40,801,865.40. This represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 169,432 shares of company stock worth $2,791,507 in the last three months. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays increased their price objective 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.

Ranger Energy Services Trading Down 1.0 %

Shares of RNGR opened at $16.50 on Friday. Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $17.15. The firm has a market capitalization of $367.13 million, a P/E ratio of 25.00 and a beta of 0.49. The firm’s 50-day moving average is $13.56 and its two-hundred day moving average is $11.93.

Ranger Energy Services (NYSE:RNGR) last released 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 prior year, the company earned $0.38 EPS.

Ranger Energy Services Announces Dividend

The company also recently declared 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. This represents a $0.20 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, November 8th. Ranger Energy Services’s dividend payout ratio (DPR) is presently 30.30%.

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.