Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Down 24.0% in January

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 191,000 shares, a drop of 24.0% from the January 15th total of 251,200 shares. Based on an average daily volume of 157,500 shares, the days-to-cover ratio is currently 1.2 days.

Ranger Energy Services Trading Up 1.8 %

Shares of NYSE:RNGR traded up $0.33 on Tuesday, reaching $18.11. The company had a trading volume of 139,511 shares, compared to its average volume of 114,907. Ranger Energy Services has a 52-week low of $9.27 and a 52-week high of $18.45. The firm's 50 day simple moving average is $16.26 and its 200-day simple moving average is $14.25. The firm has a market capitalization of $402.88 million, a PE ratio of 27.44 and a beta of 0.55.

Insiders Place Their Bets

In other news, Director Brett T. Agee sold 91,488 shares of Ranger Energy Services stock in a transaction on 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 directly owns 2,446,155 shares in the company, valued at approximately $40,801,865.40. This trade represents a 3.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Brett T. Agee sold 61,905 shares of Ranger Energy Services stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $16.67, for a total value of $1,031,956.35. Following the completion of the transaction, the director now owns 31,905 shares in the company, 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. Insiders have sold 415,836 shares of company stock worth $6,863,316 in the last ninety days. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Foundry Partners LLC increased its holdings in shares of Ranger Energy Services by 10.1% in the 3rd quarter. Foundry Partners LLC now owns 450,897 shares of the company's stock valued at $5,370,000 after acquiring an additional 41,321 shares during the period. Geode Capital Management LLC boosted its position in shares of Ranger Energy Services by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 351,793 shares of the company's stock worth $4,190,000 after purchasing an additional 11,921 shares in the last quarter. Royce & Associates LP boosted its position in shares of Ranger Energy Services by 5.9% in the 3rd quarter. Royce & Associates LP now owns 981,998 shares of the company's stock worth $11,696,000 after purchasing an additional 54,737 shares in the last quarter. Barclays PLC boosted its position in shares of Ranger Energy Services by 82.9% in the 3rd quarter. Barclays PLC now owns 33,404 shares of the company's stock worth $398,000 after purchasing an additional 15,139 shares in the last quarter. Finally, Quest Partners LLC boosted 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 purchasing an additional 723 shares in the last quarter. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

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.