Ranger Energy Services, Inc. Announces Quarterly Dividend of $0.05 (NYSE:RNGR)

Ranger Energy Services, Inc. (NYSE:RNGR) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.05 per share on Friday, May 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, May 16th.

Ranger Energy Services has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ranger Energy Services to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.9%.

Ranger Energy Services Stock Up 2.2 %

Shares of NYSE RNGR traded up $0.22 during midday trading on Wednesday, reaching $10.20. 15,166 shares of the company’s stock traded hands, compared to its average volume of 178,553. The company has a market cap of $231.13 million, a price-to-earnings ratio of 10.40 and a beta of 0.66. Ranger Energy Services has a one year low of $9.27 and a one year high of $14.64. The stock’s 50 day simple moving average is $10.99 and its 200-day simple moving average is $10.64.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.24). Ranger Energy Services had a net margin of 3.74% and a return on equity of 8.67%. The firm had revenue of $151.50 million for the quarter, compared to analysts’ expectations of $151.00 million. During the same period in the previous year, the company posted $0.30 earnings per share. Equities analysts predict that Ranger Energy Services will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Charles S. Leykum sold 132,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $11.08, for a total transaction of $1,462,560.00. Following the transaction, the director now owns 3,562,000 shares in the company, valued at $39,466,960. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Charles S. Leykum sold 132,000 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 3,562,000 shares of the company’s stock, valued at approximately $39,466,960. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $285,000.00. Following the sale, the director now directly owns 3,969,000 shares of the company’s stock, valued at approximately $45,246,600. The disclosure for this sale can be found here. Insiders have sold a total of 378,000 shares of company stock worth $4,212,500 in the last ninety days. 2.00% of the stock is owned by insiders.

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.