Ranger Energy Services, Inc. (NYSE:RNGR) Director Charles S. Leykum Sells 25,000 Shares

Ranger Energy Services, Inc. (NYSE:RNGR) Director Charles S. Leykum sold 25,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $11.40, for a total transaction of $285,000.00. Following the sale, the director now owns 3,969,000 shares of the company’s stock, valued at $45,246,600. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ranger Energy Services Stock Up 0.5 %

NYSE:RNGR opened at $11.16 on Thursday. The company has a fifty day moving average of $10.48 and a 200 day moving average of $11.17. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $14.64. The firm has a market capitalization of $252.89 million, a P/E ratio of 11.63 and a beta of 0.61.

Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.24). Ranger Energy Services had a net margin of 3.74% and a return on equity of 8.67%. The firm had revenue of $151.50 million for the quarter, compared to the consensus estimate of $151.00 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. As a group, analysts anticipate that Ranger Energy Services, Inc. will post 1.1 EPS for the current year.

Ranger Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, March 14th. Ranger Energy Services’s payout ratio is currently 20.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RNGR. Price T Rowe Associates Inc. MD increased its position in Ranger Energy Services by 92.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,100,985 shares of the company’s stock valued at $41,584,000 after purchasing an additional 1,968,630 shares during the period. BlackRock Inc. increased its position in Ranger Energy Services by 544.6% during the 2nd quarter. BlackRock Inc. now owns 741,254 shares of the company’s stock valued at $7,590,000 after purchasing an additional 626,263 shares during the period. Invesco Ltd. purchased a new position in Ranger Energy Services during the 3rd quarter valued at $4,521,000. Foundry Partners LLC increased its position in Ranger Energy Services by 419.5% during the 4th quarter. Foundry Partners LLC now owns 255,830 shares of the company’s stock valued at $2,617,000 after purchasing an additional 206,580 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Ranger Energy Services by 46.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 547,741 shares of the company’s stock valued at $5,603,000 after purchasing an additional 174,991 shares during the period. 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.