Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) declared a quarterly dividend on Monday, October 28th, Zacks reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.05 per share on Friday, November 22nd. This represents a $0.20 annualized dividend and a yield of 1.57%. The ex-dividend date is Friday, November 8th.
Ranger Energy Services has a payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings.
Ranger Energy Services Stock Performance
Shares of RNGR stock traded up $0.11 during mid-day trading on Tuesday, hitting $12.74. The company's stock had a trading volume of 84,602 shares, compared to its average volume of 118,871. The company's fifty day simple moving average is $12.13 and its 200-day simple moving average is $11.19. Ranger Energy Services has a 52 week low of $9.27 and a 52 week high of $13.72. The company has a market cap of $291.53 million, a PE ratio of 18.74 and a beta of 0.49.
Ranger Energy Services (NYSE:RNGR - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. Ranger Energy Services had a return on equity of 5.73% and a net margin of 2.61%. The firm had revenue of $153.00 million during the quarter. During the same period last year, the business posted $0.38 earnings per share.
Analyst Ratings Changes
A number of brokerages have commented on RNGR. Piper Sandler decreased their price objective on Ranger Energy Services from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, July 15th. Barclays boosted their price objective on Ranger Energy Services from $12.00 to $13.00 and gave the stock an "equal weight" rating in a report on Friday, August 16th.
Check Out Our Latest Stock Report on Ranger Energy Services
Insider Activity at Ranger Energy Services
In related news, SVP J. Matt Hooker sold 7,803 shares of the company's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $12.27, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is owned by company insiders.
About Ranger Energy Services
(
Get 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.
Further Reading
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