Ranger Energy Services (NYSE:RNGR - Get Free Report) released its quarterly earnings data on Monday. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.06, Zacks reports. The company had revenue of $143.10 million during the quarter, compared to the consensus estimate of $142.60 million. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%.
Ranger Energy Services Stock Performance
Shares of NYSE:RNGR traded up $0.03 during midday trading on Friday, reaching $14.57. 119,230 shares of the company's stock were exchanged, compared to its average volume of 111,812. The company's 50 day simple moving average is $16.75 and its two-hundred day simple moving average is $14.69. The firm has a market capitalization of $324.02 million, a PE ratio of 22.07 and a beta of 0.56. Ranger Energy Services has a 12 month low of $9.27 and a 12 month 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 represents a $0.24 dividend on an annualized basis and a dividend yield of 1.65%. This is an increase from Ranger Energy Services's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, March 14th. Ranger Energy Services's dividend payout ratio (DPR) is presently 24.39%.
Insider Transactions at Ranger Energy Services
In other news, Director Brett T. Agee sold 30,791 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $15.52, for a total transaction of $477,876.32. Following the completion of the transaction, the director now directly owns 1,863,208 shares of the company's stock, valued at approximately $28,916,988.16. This trade represents a 1.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 71,729 shares of company stock valued at $1,115,527. Company insiders own 2.00% of the company's stock.
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.
Further Reading
Before you consider Ranger Energy Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ranger Energy Services wasn't on the list.
While Ranger Energy Services currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
