Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Down 17.0% in February

Ranger Energy Services, Inc. (NYSE:RNGR) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 162,700 shares, a decrease of 17.0% from the February 13th total of 196,100 shares. Based on an average trading volume of 133,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.8% of the company’s stock are short sold.

Ranger Energy Services Stock Down 0.8 %

RNGR traded down $0.11 during trading on Thursday, hitting $14.35. 13,954 shares of the company traded hands, compared to its average volume of 110,047. The firm has a market cap of $319.33 million, a P/E ratio of 21.74 and a beta of 0.56. The stock’s fifty day moving average is $16.52 and its 200 day moving average is $14.83. Ranger Energy Services has a one year low of $9.27 and a one year high of $18.45.

Ranger Energy Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.24 annualized dividend and a yield of 1.67%. This is a positive change from Ranger Energy Services’s previous quarterly dividend of $0.05. Ranger Energy Services’s dividend payout ratio is presently 29.27%.

Insider Transactions at Ranger Energy Services

In other news, Director Brett T. Agee sold 30,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total value of $438,300.00. Following the completion of the sale, the director now owns 1,803,539 shares in the company, valued at $26,349,704.79. This represents a 1.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 30,539 shares of company stock worth $446,118 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ranger Energy Services

Several institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC grew its position in Ranger Energy Services by 24.4% during the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after buying an additional 723 shares during the period. Meeder Asset Management Inc. bought a new position in Ranger Energy Services during the fourth quarter valued at about $26,000. Wells Fargo & Company MN boosted its position in Ranger Energy Services by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,195 shares of the company’s stock worth $142,000 after purchasing an additional 2,003 shares during the period. SG Americas Securities LLC boosted its position in Ranger Energy Services by 17.2% during the fourth quarter. SG Americas Securities LLC now owns 14,417 shares of the company’s stock worth $223,000 after purchasing an additional 2,114 shares during the period. Finally, AlphaQuest LLC boosted its position in Ranger Energy Services by 77.1% during the fourth quarter. AlphaQuest LLC now owns 6,529 shares of the company’s stock worth $101,000 after purchasing an additional 2,842 shares during the period. Institutional investors own 68.10% of the company’s stock.

About Ranger Energy Services

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.