Ranger Energy Services (NYSE:RNGR) VP Sells 1,291 Shares

Ranger Energy Services, Inc. (NYSE:RNGR) VP J. Matt Hooker sold 1,291 shares of Ranger Energy Services stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $16.50, for a total value of $21,301.50. Following the sale, the vice president directly owned 99,148 shares in the company, valued at $1,635,942. This trade represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ranger Energy Services Stock Down 2.7%

NYSE RNGR traded down $0.42 during trading hours on Tuesday, reaching $15.04. The company’s stock had a trading volume of 192,913 shares, compared to its average volume of 211,320. Ranger Energy Services, Inc. has a 1 year low of $11.88 and a 1 year high of $18.82. The company has a market capitalization of $357.47 million, a price-to-earnings ratio of 23.84 and a beta of 0.12. The firm’s 50-day moving average price is $15.78 and its 200-day moving average price is $16.25.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Ranger Energy Services had a net margin of 2.58% and a return on equity of 5.12%. The company had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $163.93 million. Equities research analysts anticipate that Ranger Energy Services, Inc. will post 1.13 EPS for the current fiscal year.

Ranger Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, August 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.6%. Ranger Energy Services’s dividend payout ratio is currently 38.10%.

Analyst Ratings Changes

RNGR has been the subject of several research analyst reports. Wall Street Zen raised shares of Ranger Energy Services from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Ranger Energy Services in a report on Wednesday, June 24th. Piper Sandler raised their price objective on Ranger Energy Services from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Finally, Zacks Research upgraded Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.00.

Institutional Trading of Ranger Energy Services

A number of large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of Ranger Energy Services by 97.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,602 shares of the company’s stock valued at $79,000 after buying an additional 2,758 shares in the last quarter. Copeland Capital Management LLC increased its stake in Ranger Energy Services by 43.3% during the first quarter. Copeland Capital Management LLC now owns 5,766 shares of the company’s stock worth $99,000 after acquiring an additional 1,741 shares during the last quarter. Quantbot Technologies LP increased its stake in Ranger Energy Services by 51.7% during the second quarter. Quantbot Technologies LP now owns 6,277 shares of the company’s stock worth $75,000 after acquiring an additional 2,140 shares during the last quarter. Russell Investments Group Ltd. raised its position in Ranger Energy Services by 46.0% during the third quarter. Russell Investments Group Ltd. now owns 8,009 shares of the company’s stock valued at $112,000 after purchasing an additional 2,525 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in Ranger Energy Services during the second quarter valued at approximately $125,000. 68.10% of the stock is currently owned by institutional investors.

About Ranger Energy Services

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.