Foundry Partners LLC boosted its holdings in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 10.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 450,897 shares of the company's stock after purchasing an additional 41,321 shares during the period. Foundry Partners LLC owned approximately 2.03% of Ranger Energy Services worth $5,370,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Encompass Capital Advisors LLC boosted its stake in shares of Ranger Energy Services by 2.4% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,550,241 shares of the company's stock worth $16,309,000 after acquiring an additional 36,946 shares in the last quarter. Royce & Associates LP increased its stake in Ranger Energy Services by 5.9% in the 3rd quarter. Royce & Associates LP now owns 981,998 shares of the company's stock worth $11,696,000 after purchasing an additional 54,737 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Ranger Energy Services by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 903,789 shares of the company's stock worth $9,508,000 after buying an additional 107,853 shares during the period. Vanguard Group Inc. lifted its stake in Ranger Energy Services by 0.8% during the first quarter. Vanguard Group Inc. now owns 704,514 shares of the company's stock valued at $7,954,000 after buying an additional 5,869 shares in the last quarter. Finally, Gendell Jeffrey L boosted its holdings in shares of Ranger Energy Services by 409.6% in the first quarter. Gendell Jeffrey L now owns 538,190 shares of the company's stock worth $6,076,000 after buying an additional 432,570 shares during the period. 68.10% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Barclays upped their price target on shares of 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.
Check Out Our Latest Analysis on RNGR
Ranger Energy Services Stock Up 0.4 %
Shares of RNGR traded up $0.06 during trading hours on Friday, reaching $16.76. The company's stock had a trading volume of 327,880 shares, compared to its average volume of 124,076. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $17.15. The company has a 50 day moving average of $13.21 and a two-hundred day moving average of $11.76. The firm has a market cap of $372.83 million, a price-to-earnings ratio of 25.39 and a beta of 0.49.
Ranger Energy Services (NYSE:RNGR - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping the consensus estimate 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 company had revenue of $153.00 million for the quarter. During the same quarter last year, the company earned $0.38 EPS.
Ranger Energy Services Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.20 annualized dividend and a yield of 1.19%. Ranger Energy Services's dividend payout ratio (DPR) is presently 30.30%.
Insider Activity
In related news, Director Brett T. Agee sold 61,905 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $16.67, for a total transaction of $1,031,956.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP J. Matt Hooker sold 7,803 shares of the business's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $12.27, for a total transaction of $95,742.81. Following the transaction, the senior vice president now owns 92,600 shares in the company, valued at approximately $1,136,202. The trade was a 7.77 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.
About Ranger Energy Services
(
Free Report)
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.
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