Ranger Energy Services, Inc. (NYSE:RNGR) Sees Significant Decline in Short Interest

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 251,200 shares, a decrease of 14.3% from the December 31st total of 293,200 shares. Based on an average trading volume of 158,000 shares, the days-to-cover ratio is currently 1.6 days.

Insider Buying and Selling at Ranger Energy Services

In related news, Director Brett T. Agee sold 91,488 shares of Ranger Energy Services stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.68, for a total value of $1,526,019.84. Following the transaction, the director now owns 2,446,155 shares of the company's stock, valued at approximately $40,801,865.40. This trade represents a 3.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brett T. Agee sold 61,905 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $16.67, for a total transaction of $1,031,956.35. Following the sale, the director now directly owns 31,905 shares of the company's stock, valued at $531,856.35. This represents a 65.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 415,836 shares of company stock valued at $6,863,316. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of 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 purchasing an additional 107,853 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Ranger Energy Services by 4.8% during the 2nd quarter. Renaissance Technologies LLC now owns 168,390 shares of the company's stock worth $1,771,000 after purchasing an additional 7,700 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Ranger Energy Services in the 2nd quarter valued at $134,000. AQR Capital Management LLC boosted its holdings in Ranger Energy Services by 33.5% in the second quarter. AQR Capital Management LLC now owns 449,028 shares of the company's stock worth $4,724,000 after purchasing an additional 112,634 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Ranger Energy Services during the third quarter valued at about $147,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Stock Performance

NYSE:RNGR traded up $0.11 during trading hours on Wednesday, hitting $16.95. 40,110 shares of the company's stock traded hands, compared to its average volume of 123,454. Ranger Energy Services has a twelve month low of $9.27 and a twelve month high of $18.10. The firm has a market cap of $377.03 million, a P/E ratio of 25.67 and a beta of 0.55. The stock's fifty day moving average price is $16.12 and its two-hundred day moving average price is $13.89.

About Ranger Energy Services

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.