Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) declared a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.06 per share on Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, March 14th. This is a 20.0% increase from Ranger Energy Services's previous quarterly dividend of $0.05.
Ranger Energy Services has a payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings.
Ranger Energy Services Price Performance
NYSE:RNGR traded up $0.03 during trading hours on Friday, reaching $14.57. The company had a trading volume of 119,230 shares, compared to its average volume of 111,812. Ranger Energy Services has a 1-year low of $9.27 and a 1-year high of $18.45. The firm has a market cap of $324.02 million, a PE ratio of 22.07 and a beta of 0.56. The business's 50 day moving average price is $16.75 and its 200-day moving average price is $14.69.
Insider Buying and Selling at Ranger Energy Services
In other news, Director Brett T. Agee sold 21,729 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $15.82, for a total transaction of $343,752.78. Following the completion of the transaction, the director now directly owns 2,010,135 shares of the company's stock, valued at $31,800,335.70. This represents a 1.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 71,729 shares of company stock valued at $1,115,527. 2.00% of the stock is 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.
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