Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $1,660,000.00 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $16.60, for a total transaction of $1,660,000.00. Following the sale, the director now owns 2,222,794 shares in the company, valued at $36,898,380.40. The trade was a 4.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 Price Performance

Shares of RNGR traded up $0.32 during midday trading on Monday, reaching $16.82. 227,425 shares of the stock were exchanged, compared to its average volume of 125,466. The company has a market capitalization of $374.25 million, a price-to-earnings ratio of 25.49 and a beta of 0.49. Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $17.15. The business’s 50-day moving average price is $13.74 and its 200 day moving average price is $12.04.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The firm had revenue of $153.00 million during the quarter. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. During the same period in the prior year, the company posted $0.38 EPS.

Ranger Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 1.19%. Ranger Energy Services’s dividend payout ratio (DPR) is presently 30.30%.

Institutional Investors Weigh In On Ranger Energy Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in RNGR. Quest Partners LLC grew its stake in Ranger Energy Services by 24.4% during the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after buying an additional 723 shares during the last quarter. CWM LLC raised its holdings in shares of Ranger Energy Services by 60.2% during the second quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after acquiring an additional 1,320 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Ranger Energy Services by 4.2% in the second quarter. Victory Capital Management Inc. now owns 38,834 shares of the company’s stock valued at $409,000 after purchasing an additional 1,576 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Ranger Energy Services in the second quarter valued at $30,000. Finally, Rhumbline Advisers grew its stake in Ranger Energy Services by 18.1% in the 2nd quarter. Rhumbline Advisers now owns 23,034 shares of the company’s stock valued at $242,000 after buying an additional 3,528 shares during the last quarter. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays upped their price objective on shares of Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a report 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.