Short Interest in Ranger Energy Services, Inc. (NYSE:RNGR) Drops By 14.3%

Ranger Energy Services, Inc. (NYSE:RNGR) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 251,200 shares, a decrease of 14.3% from the December 31st total of 293,200 shares. Based on an average daily trading volume, of 158,000 shares, the days-to-cover ratio is presently 1.6 days.

Ranger Energy Services Price Performance

Shares of RNGR stock traded down $0.79 on Friday, reaching $16.40. 103,241 shares of the stock were exchanged, compared to its average volume of 123,435. Ranger Energy Services has a one year low of $9.27 and a one year high of $18.10. The stock has a 50 day moving average price of $16.12 and a 200 day moving average price of $13.78. The stock has a market cap of $364.79 million, a PE ratio of 24.84 and a beta of 0.54.

Insider Buying and Selling at Ranger Energy Services

In related news, Director Brett T. Agee sold 61,905 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $16.67, for a total transaction of $1,031,956.35. Following the completion of the transaction, the director now owns 31,905 shares in the company, valued at $531,856.35. This trade represents a 65.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brett T. Agee sold 91,488 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.68, for a total transaction of $1,526,019.84. Following the sale, the director now owns 2,446,155 shares of the company’s stock, valued at $40,801,865.40. This trade represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 415,836 shares of company stock worth $6,863,316. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ranger Energy Services

A number of hedge funds have recently modified their holdings of the business. Foundry Partners LLC increased its stake in 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 last quarter. Geode Capital Management LLC increased its stake 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. Royce & Associates LP boosted its position in shares of Ranger Energy Services by 5.9% in the third quarter. Royce & Associates LP now owns 981,998 shares of the company’s stock valued at $11,696,000 after acquiring an additional 54,737 shares during the period. Barclays PLC increased its holdings in shares of Ranger Energy Services by 82.9% during the third quarter. Barclays PLC now owns 33,404 shares of the company’s stock worth $398,000 after purchasing an additional 15,139 shares during the period. Finally, Quest Partners LLC lifted its position in shares of Ranger Energy Services by 24.4% during the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after acquiring an additional 723 shares during the period. Institutional investors and hedge funds own 68.10% of the company’s stock.

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.