Ranger Energy Services (NYSE:RNGR - Get Free Report) posted its earnings results on Monday. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10, Zacks reports. Ranger Energy Services had a net margin of 2.61% and a return on equity of 5.73%. The business had revenue of $153.00 million for the quarter. During the same quarter in the prior year, the business earned $0.38 earnings per share.
Ranger Energy Services Stock Up 0.9 %
RNGR stock traded up $0.11 during midday trading on Tuesday, reaching $12.74. 84,599 shares of the company's stock traded hands, compared to its average volume of 118,871. The company has a market cap of $291.53 million, a price-to-earnings ratio of 18.74 and a beta of 0.49. The firm's fifty day moving average price is $12.13 and its 200-day moving average price is $11.19. Ranger Energy Services has a 52 week low of $9.27 and a 52 week high of $13.72.
Ranger Energy Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 1.57%. Ranger Energy Services's dividend payout ratio is currently 29.41%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Ranger Energy Services from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Friday, August 16th. Piper Sandler dropped their price target on shares of Ranger Energy Services from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, July 15th.
Read Our Latest Stock Analysis on RNGR
Insider Buying and Selling at Ranger Energy Services
In other news, SVP J. Matt Hooker sold 7,803 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $12.27, for a total value of $95,742.81. Following the completion of the sale, the senior vice president now owns 92,600 shares in the company, valued at $1,136,202. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.
Ranger Energy Services Company Profile
(
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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