Brett T. Agee Sells 91,488 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 91,488 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $16.68, for a total value of $1,526,019.84. Following the sale, the director now owns 2,446,155 shares of the company’s stock, valued at $40,801,865.40. This represents a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock opened at $16.50 on Thursday. The firm has a fifty day moving average of $13.48 and a two-hundred day moving average of $11.90. The firm has a market cap of $367.04 million, a P/E ratio of 25.00 and a beta of 0.49. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $17.15.

Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings results 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 quarter last year, the business posted $0.38 earnings per share.

Ranger Energy Services Dividend Announcement

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Ranger Energy Services

A number of hedge funds have recently added to or reduced their stakes in RNGR. Gladius Capital Management LP acquired a new position in shares of Ranger Energy Services in the 2nd quarter valued at about $30,000. CWM LLC lifted its holdings in Ranger Energy Services by 60.2% in 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 last quarter. Quest Partners LLC boosted its stake in Ranger Energy Services by 24.4% in the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after acquiring an additional 723 shares during the period. Copeland Capital Management LLC bought a new position in shares of Ranger Energy Services during the third quarter valued at approximately $51,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Ranger Energy Services during the 2nd quarter worth approximately $125,000. Institutional investors and hedge funds own 68.10% of the company’s stock.

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.