Insider Selling: Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $137,788.28 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 8,236 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $16.73, for a total value of $137,788.28. Following the completion of the transaction, the director now owns 2,350,664 shares in the company, valued at approximately $39,326,608.72. The trade was a 0.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $16.67, for a total value of $1,031,956.35.

Ranger Energy Services Price Performance

NYSE RNGR opened at $16.50 on Friday. The firm has a market cap of $367.13 million, a P/E ratio of 25.00 and a beta of 0.49. The company’s 50 day moving average is $13.65 and its 200-day moving average is $11.98. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $17.15.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 net margin of 2.54% and a return on equity of 5.54%. During the same period in the previous year, the firm earned $0.38 EPS.

Ranger Energy Services Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Magnolia Capital Advisors LLC bought a new position in shares of Ranger Energy Services in the second quarter valued at approximately $5,337,000. Kestrel Investment Management Corp purchased a new stake in Ranger Energy Services in the 2nd quarter worth approximately $1,551,000. AQR Capital Management LLC boosted its holdings in Ranger Energy Services by 33.5% in the 2nd quarter. AQR Capital Management LLC now owns 449,028 shares of the company’s stock valued at $4,724,000 after purchasing an additional 112,634 shares during the period. Foundry Partners LLC grew its position in shares of Ranger Energy Services by 36.3% during the 2nd quarter. Foundry Partners LLC now owns 409,576 shares of the company’s stock valued at $4,309,000 after purchasing an additional 109,081 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ranger Energy Services by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 903,789 shares of the company’s stock worth $9,508,000 after purchasing an additional 107,853 shares during the period. Hedge funds and other institutional investors own 68.10% of the company’s stock.

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.