Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $460,412.40 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 27,870 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $16.52, for a total transaction of $460,412.40. Following the completion of the transaction, the director now owns 2,322,794 shares in the company, valued at $38,372,556.88. The trade was a 1.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 transaction of $1,031,956.35.

Ranger Energy Services Stock Up 1.9 %

Ranger Energy Services stock traded up $0.32 during midday trading on Monday, reaching $16.82. The stock had a trading volume of 227,425 shares, compared to its average volume of 125,466. The firm has a market cap of $374.25 million, a price-to-earnings ratio of 25.49 and a beta of 0.49. Ranger Energy Services, Inc. has a 52-week low of $9.27 and a 52-week high of $17.15. The company has a fifty day moving average of $13.74 and a 200 day moving average of $12.04.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. The firm had revenue of $153.00 million for the quarter. During the same quarter in the prior year, the business posted $0.38 EPS.

Ranger Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders 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 1.19%. Ranger Energy Services’s dividend payout ratio is currently 30.30%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RNGR. Barclays PLC boosted its stake in Ranger Energy Services by 82.9% in the third quarter. Barclays PLC now owns 33,404 shares of the company’s stock valued at $398,000 after acquiring an additional 15,139 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ranger Energy Services by 3.5% during the third quarter. Geode Capital Management LLC now owns 351,793 shares of the company’s stock worth $4,190,000 after purchasing an additional 11,921 shares during the period. State Street Corp increased its stake in shares of Ranger Energy Services by 2.5% in the third quarter. State Street Corp now owns 323,244 shares of the company’s stock worth $3,850,000 after acquiring an additional 8,008 shares during the period. JB Capital Partners LP grew its position in Ranger Energy Services by 46.3% during the 3rd quarter. JB Capital Partners LP now owns 36,576 shares of the company’s stock worth $434,000 after purchasing an additional 11,576 shares during the period. Finally, Foundry Partners LLC lifted its holdings in shares of Ranger Energy Services by 10.1% in the 3rd quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock valued at $5,370,000 after buying an additional 41,321 shares during the period. 68.10% of the stock is owned by institutional investors.

Ranger Energy Services Company Profile

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.