Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $931,612.48 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) Director Brett T. Agee sold 54,608 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $17.06, for a total value of $931,612.48. Following the sale, the director now directly owns 2,059,499 shares of the company's stock, valued at approximately $35,135,052.94. This trade represents a 2.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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 transaction of $1,031,956.35.

Ranger Energy Services Price Performance

NYSE:RNGR traded down $1.16 during mid-day trading on Friday, reaching $15.81. 286,902 shares of the company's stock traded hands, compared to its average volume of 127,496. The company has a 50 day moving average price of $14.12 and a 200-day moving average price of $12.19. The firm has a market capitalization of $351.77 million, a price-to-earnings ratio of 23.95 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.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last posted its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.10. The firm had revenue of $153.00 million for the quarter. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. During the same period last year, the firm posted $0.38 earnings per share.

Ranger Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 annualized dividend and a yield of 1.27%. Ranger Energy Services's dividend payout ratio (DPR) is presently 30.30%.

Institutional Investors Weigh In On Ranger Energy Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP bought a new position in Ranger Energy Services in the second quarter worth about $30,000. CWM LLC grew its holdings in shares of Ranger Energy Services by 60.2% during the 2nd 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 period. Quest Partners LLC raised its position in shares of Ranger Energy Services by 24.4% in the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company's stock worth $44,000 after acquiring an additional 723 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of Ranger Energy Services in the 3rd quarter valued at approximately $51,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Ranger Energy Services in the 2nd quarter valued at approximately $125,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays raised 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 report on Friday, August 16th.

Ranger Energy Services Company Profile

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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