Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $137,788.28 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 8,236 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $16.73, for a total value of $137,788.28. Following the transaction, the director now directly owns 2,350,664 shares in the company, valued at $39,326,608.72. This trade represents a 0.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value of $1,031,956.35.

Ranger Energy Services Stock Performance

RNGR opened at $16.50 on Friday. The company has a fifty day moving average price of $13.56 and a two-hundred day moving average price of $11.93. The firm has a market capitalization of $367.13 million, a PE ratio of 25.00 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.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $153.00 million during the quarter. During the same period last year, the firm earned $0.38 earnings per share.

Ranger Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, November 8th. Ranger Energy Services’s dividend payout ratio is currently 30.30%.

Institutional Investors Weigh In On Ranger Energy Services

Several hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Ranger Energy Services by 29.4% in the 2nd quarter. American Century Companies Inc. now owns 277,403 shares of the company’s stock valued at $2,918,000 after purchasing an additional 63,006 shares during the period. Foundry Partners LLC increased its holdings in Ranger Energy Services by 10.1% during the 3rd quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock worth $5,370,000 after purchasing an additional 41,321 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new stake in shares of Ranger Energy Services in the 2nd quarter valued at about $5,337,000. Royce & Associates LP boosted its position in shares of Ranger Energy Services by 5.9% during the third quarter. Royce & Associates LP now owns 981,998 shares of the company’s stock worth $11,696,000 after buying an additional 54,737 shares during the period. Finally, Koss Olinger Consulting LLC bought a new position in shares of Ranger Energy Services during the second quarter worth about $484,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barclays raised their target price on shares of Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th.

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.