Royce & Associates LP Decreases Position in Ranger Energy Services, Inc. $RNGR

Royce & Associates LP cut its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 5.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 990,588 shares of the company’s stock after selling 53,060 shares during the period. Royce & Associates LP’s holdings in Ranger Energy Services were worth $13,848,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Ranger Energy Services by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,193,957 shares of the company’s stock worth $16,764,000 after buying an additional 16,594 shares during the last quarter. Vanguard Group Inc. raised its holdings in Ranger Energy Services by 1.7% in the third quarter. Vanguard Group Inc. now owns 845,875 shares of the company’s stock worth $11,876,000 after buying an additional 13,970 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in Ranger Energy Services by 21.2% in the third quarter. Hillsdale Investment Management Inc. now owns 465,148 shares of the company’s stock worth $6,531,000 after buying an additional 81,298 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Ranger Energy Services by 2,718.0% in the second quarter. JPMorgan Chase & Co. now owns 434,306 shares of the company’s stock worth $5,186,000 after buying an additional 418,894 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in Ranger Energy Services by 2.0% in the third quarter. Bridgeway Capital Management LLC now owns 423,370 shares of the company’s stock worth $5,944,000 after buying an additional 8,449 shares during the last quarter. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Trading Down 5.9%

Shares of NYSE RNGR opened at $15.29 on Thursday. The firm has a 50 day moving average of $16.89 and a 200 day moving average of $15.66. The firm has a market capitalization of $363.27 million, a price-to-earnings ratio of 24.27 and a beta of 0.15. Ranger Energy Services, Inc. has a 12-month low of $10.56 and a 12-month high of $18.82.

Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Monday, April 27th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). The business had revenue of $159.10 million for the quarter, compared to the consensus estimate of $156.20 million. Ranger Energy Services had a net margin of 2.58% and a return on equity of 5.12%. Sell-side analysts predict that Ranger Energy Services, Inc. will post 1.13 EPS for the current year.

Ranger Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.24 annualized dividend and a yield of 1.6%. Ranger Energy Services’s payout ratio is currently 38.10%.

Analysts Set New Price Targets

RNGR has been the subject of a number of research analyst reports. Zacks Research lowered shares of Ranger Energy Services from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Piper Sandler lifted their price target on shares of Ranger Energy Services from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ranger Energy Services in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Ranger Energy Services from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ranger Energy Services presently has an average rating of “Hold” and a consensus price target of $20.00.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.

Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.