Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $293,897.70 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 19,209 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $15.30, for a total value of $293,897.70. Following the sale, the director now directly owns 1,843,999 shares of the company’s stock, valued at approximately $28,213,184.70. This represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 shares were sold at an average price of $16.67, for a total value of $1,031,956.35.

Ranger Energy Services Trading Down 3.1 %

Shares of Ranger Energy Services stock traded down $0.48 during trading hours on Tuesday, hitting $14.93. 223,454 shares of the company were exchanged, compared to its average volume of 129,264. The business has a 50-day moving average of $14.54 and a 200-day moving average of $12.44. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $17.20. The stock has a market capitalization of $332.12 million, a price-to-earnings ratio of 23.33 and a beta of 0.51.

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

Ranger Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, November 8th. Ranger Energy Services’s dividend payout ratio is presently 30.30%.

Hedge Funds Weigh In On Ranger Energy Services

A number of large investors have recently modified their holdings of RNGR. CWM LLC lifted its stake in shares of Ranger Energy Services by 60.2% in the second quarter. CWM LLC now owns 3,512 shares of the company’s stock valued at $37,000 after purchasing an additional 1,320 shares during the period. Quest Partners LLC increased its stake in Ranger Energy Services by 24.4% in the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after purchasing an additional 723 shares in the last quarter. Copeland Capital Management LLC acquired a new position in Ranger Energy Services during the third quarter worth $51,000. Acadian Asset Management LLC purchased a new stake in Ranger Energy Services during the second quarter worth $125,000. Finally, Hsbc Holdings PLC purchased a new stake in Ranger Energy Services during the second quarter worth $134,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

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.