Ranger Energy Services Inc (RNGR) Major Shareholder Brc Partners Opportunity Fund, Sells 4,914 Shares

Ranger Energy Services Inc (NYSE:RNGR) major shareholder Brc Partners Opportunity Fund, sold 4,914 shares of Ranger Energy Services stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $8.29, for a total value of $40,737.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of RNGR stock opened at $8.26 on Tuesday. The company has a market capitalization of $126.46 million, a PE ratio of 18.36, a price-to-earnings-growth ratio of 2.36 and a beta of 3.47. Ranger Energy Services Inc has a fifty-two week low of $4.70 and a fifty-two week high of $10.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.95 and a current ratio of 1.04.

A number of equities analysts have commented on RNGR shares. Zacks Investment Research cut Ranger Energy Services from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Barclays raised Ranger Energy Services from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $7.00 to $9.00 in a research note on Tuesday, March 12th. Wells Fargo & Co raised Ranger Energy Services from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $8.00 to $11.00 in a research note on Friday, March 29th. Capital One Financial cut Ranger Energy Services from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 16th. Finally, ValuEngine upgraded Ranger Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $10.08.



Hedge funds have recently modified their holdings of the company. CAPROCK Group Inc. grew its position in shares of Ranger Energy Services by 28.7% in the 4th quarter. CAPROCK Group Inc. now owns 12,868 shares of the company’s stock worth $67,000 after buying an additional 2,868 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Ranger Energy Services in the 4th quarter worth approximately $77,000. Vanguard Group Inc grew its position in shares of Ranger Energy Services by 6.1% in the 3rd quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock worth $2,148,000 after buying an additional 14,832 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Ranger Energy Services by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock worth $2,148,000 after buying an additional 14,832 shares during the last quarter. Finally, B. Riley Financial Inc. grew its position in shares of Ranger Energy Services by 1.2% in the 4th quarter. B. Riley Financial Inc. now owns 886,726 shares of the company’s stock worth $4,584,000 after buying an additional 10,500 shares during the last quarter. Hedge funds and other institutional investors own 28.84% of the company’s stock.

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About Ranger Energy Services

Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; workover services, including retrieval and replacement of existing production tubing; well maintenance services comprising replacement of downhole artificial lift components; and decommissioning services consisting of plugging and abandonment services.

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