Ranger Energy Services (NYSE:RNGR) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Ranger Energy Services (NYSE:RNGR) issued its quarterly earnings data on Monday. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06, Zacks reports. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%.

Ranger Energy Services Stock Down 2.9 %

Shares of NYSE:RNGR traded down $0.49 during trading on Monday, reaching $16.22. The stock had a trading volume of 168,198 shares, compared to its average volume of 113,881. The stock has a market cap of $360.81 million, a P/E ratio of 24.58 and a beta of 0.55. The business has a fifty day moving average price of $16.67 and a 200-day moving average price of $14.61. Ranger Energy Services has a fifty-two week low of $9.27 and a fifty-two week high of $18.45.

Insider Buying and Selling

In related news, Director Brett T. Agee sold 54,608 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $17.06, for a total value of $931,612.48. Following the completion of the transaction, the director now directly owns 2,059,499 shares in the company, valued at approximately $35,135,052.94. This represents a 2.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 126,337 shares of company stock worth $2,047,139. 3.00% of the stock is owned by insiders.

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.