Insider Selling: Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells 19,209 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 19,209 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $15.30, for a total value of $293,897.70. Following the sale, the director now owns 1,843,999 shares in the company, valued at approximately $28,213,184.70. This trade represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $16.67, for a total value of $1,031,956.35.

Ranger Energy Services Stock Down 2.4 %

Shares of NYSE:RNGR opened at $14.23 on Friday. The firm has a market cap of $316.55 million, a P/E ratio of 21.56 and a beta of 0.51. Ranger Energy Services, Inc. has a 12 month low of $9.27 and a 12 month high of $17.20. The company’s 50-day moving average price is $14.69 and its two-hundred day moving average price is $12.49.

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

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.41%. Ranger Energy Services’s payout ratio is currently 30.30%.

Hedge Funds Weigh In On Ranger Energy Services

Several hedge funds have recently added to or reduced their stakes in the company. CWM LLC lifted its position in Ranger Energy Services by 60.2% during the 2nd quarter. CWM LLC now owns 3,512 shares of the company’s stock valued at $37,000 after purchasing an additional 1,320 shares during the period. 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 last quarter. Copeland Capital Management LLC bought a new stake in shares of Ranger Energy Services during the 3rd quarter valued at $51,000. Acadian Asset Management LLC acquired a new position in shares of Ranger Energy Services in the 2nd quarter valued at $125,000. Finally, Hsbc Holdings PLC bought a new position in shares of Ranger Energy Services in the 2nd quarter worth $134,000. Institutional investors 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.