Insider Selling: Ranger Energy Services (NYSE:RNGR) CEO Sells $1,630,200.00 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) CEO Stuart Bodden sold 95,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $17.16, for a total transaction of $1,630,200.00. Following the sale, the chief executive officer owned 273,800 shares in the company, valued at $4,698,408. This represents a 25.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ranger Energy Services Trading Down 1.5%

Shares of NYSE:RNGR traded down $0.26 during trading on Friday, reaching $17.14. The company’s stock had a trading volume of 280,551 shares, compared to its average volume of 214,923. The stock has a market capitalization of $401.11 million, a PE ratio of 28.57 and a beta of 0.12. Ranger Energy Services, Inc. has a 12 month low of $11.88 and a 12 month high of $18.82. The firm’s 50 day simple moving average is $15.99 and its two-hundred day simple moving average is $16.46.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Ranger Energy Services had a return on equity of 4.87% and a net margin of 2.36%.The company had revenue of $176.50 million for the quarter, compared to the consensus estimate of $163.93 million. Research analysts anticipate that Ranger Energy Services, Inc. will post 1.17 EPS for the current fiscal year.

Ranger Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. Ranger Energy Services’s payout ratio is currently 40.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. CSM Advisors LLC raised its holdings in shares of Ranger Energy Services by 0.4% in the fourth quarter. CSM Advisors LLC now owns 300,849 shares of the company’s stock worth $4,207,000 after buying an additional 1,055 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Ranger Energy Services by 2.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 48,909 shares of the company’s stock valued at $838,000 after acquiring an additional 1,177 shares during the period. Nuveen LLC boosted its holdings in Ranger Energy Services by 2.0% during the 4th quarter. Nuveen LLC now owns 63,266 shares of the company’s stock valued at $884,000 after acquiring an additional 1,251 shares during the period. First Trust Advisors LP grew its position in Ranger Energy Services by 2.8% in the 4th quarter. First Trust Advisors LP now owns 45,567 shares of the company’s stock valued at $637,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Ranger Energy Services by 16.1% in the 4th quarter. Russell Investments Group Ltd. now owns 9,299 shares of the company’s stock valued at $130,000 after acquiring an additional 1,290 shares during the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Analyst Upgrades and Downgrades

RNGR has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Ranger Energy Services in a research report on Wednesday, June 24th. Zacks Research upgraded shares of Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.