Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $1,526,019.84 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 91,488 shares of the stock in a transaction that occurred 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 owns 2,446,155 shares in the company, valued at $40,801,865.40. The trade was a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Brett T. Agee also recently made the following trade(s):

• On Thursday, November 21st, Brett T. Agee sold 61,905 shares of Ranger Energy Services stock. The shares were sold at an average price of $16.67, for a total transaction of $1,031,956.35.

Ranger Energy Services Trading Down 2.0 %

NYSE RNGR traded down $0.33 during mid-day trading on Monday, hitting $16.50. The company’s stock had a trading volume of 299,979 shares, compared to its average volume of 124,848. The firm has a market capitalization of $367.13 million, a price-to-earnings ratio of 25.50 and a beta of 0.49. The company’s 50 day simple moving average is $13.21 and its 200 day simple moving average is $11.78. Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $17.15.

Ranger Energy Services (NYSE:RNGR) last posted its earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The company had revenue of $153.00 million for the quarter. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. During the same quarter in the prior year, the company earned $0.38 EPS.

Ranger Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, November 8th. Ranger Energy Services’s dividend payout ratio is 30.30%.

Institutional Trading of Ranger Energy Services

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Ranger Energy Services by 0.8% in the first quarter. Vanguard Group Inc. now owns 704,514 shares of the company’s stock worth $7,954,000 after purchasing an additional 5,869 shares during the last quarter. CWM LLC raised its stake in shares of Ranger Energy Services by 60.2% during the 2nd quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after purchasing an additional 1,320 shares during the period. Gladius Capital Management LP purchased a new position in shares of Ranger Energy Services in the 2nd quarter worth about $30,000. Bank of New York Mellon Corp grew its position in Ranger Energy Services by 4.2% during the second quarter. Bank of New York Mellon Corp now owns 220,488 shares of the company’s stock valued at $2,320,000 after buying an additional 8,798 shares during the period. Finally, Ritholtz Wealth Management increased its holdings in Ranger Energy Services by 27.9% during the second quarter. Ritholtz Wealth Management now owns 48,406 shares of the company’s stock worth $509,000 after buying an additional 10,560 shares during the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays boosted their target price on Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th.

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.