Ranger Energy Services (NYSE:RNGR - Get Free Report) issued its earnings results on Monday. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.06, Zacks reports. The business had revenue of $143.10 million during the quarter, compared to the consensus estimate of $142.60 million. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%.
Ranger Energy Services Stock Up 0.2 %
Shares of RNGR stock traded up $0.03 during mid-day trading on Friday, hitting $14.57. 119,230 shares of the company's stock were exchanged, compared to its average volume of 111,812. The stock has a market cap of $324.02 million, a price-to-earnings ratio of 22.07 and a beta of 0.56. The stock has a 50-day simple moving average of $16.75 and a two-hundred day simple moving average of $14.69. Ranger Energy Services has a fifty-two week low of $9.27 and a fifty-two week high of $18.45.
Ranger Energy Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.06 per share. This is a boost from Ranger Energy Services's previous quarterly dividend of $0.05. The ex-dividend date is Friday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.65%. Ranger Energy Services's dividend payout ratio (DPR) is 24.39%.
Insider Buying and Selling
In other news, Director Brett T. Agee sold 19,209 shares of Ranger Energy Services stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $15.30, for a total transaction of $293,897.70. Following the sale, the director now directly owns 1,843,999 shares of the company's stock, valued at approximately $28,213,184.70. The trade was a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 71,729 shares of company stock valued at $1,115,527. 2.00% of the stock is currently owned by company insiders.
About Ranger Energy Services
(
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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