Insider Selling: Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells 54,608 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 54,608 shares of Ranger Energy Services stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $17.06, for a total transaction of $931,612.48. Following the transaction, the director now directly owns 2,059,499 shares of the company’s stock, valued at approximately $35,135,052.94. This trade represents a 2.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 Stock Performance

Shares of RNGR traded down $1.16 during trading hours on Friday, hitting $15.81. The company had a trading volume of 286,902 shares, compared to its average volume of 127,496. Ranger Energy Services, Inc. has a 52-week low of $9.27 and a 52-week high of $17.20. The firm has a fifty day moving average price of $14.12 and a 200-day moving average price of $12.19. The stock has a market capitalization of $351.77 million, a price-to-earnings ratio of 23.95 and a beta of 0.51.

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

Ranger Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, November 8th. Ranger Energy Services’s dividend payout ratio is currently 30.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RNGR. Barclays PLC raised its position in 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 buying an additional 15,139 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ranger Energy Services by 3.5% in the third quarter. Geode Capital Management LLC now owns 351,793 shares of the company’s stock worth $4,190,000 after acquiring an additional 11,921 shares during the period. State Street Corp raised its holdings in shares of Ranger Energy Services by 2.5% during the third quarter. State Street Corp now owns 323,244 shares of the company’s stock valued at $3,850,000 after purchasing an additional 8,008 shares during the last quarter. JB Capital Partners LP lifted its position in Ranger Energy Services by 46.3% during the third quarter. JB Capital Partners LP now owns 36,576 shares of the company’s stock valued at $434,000 after purchasing an additional 11,576 shares during the period. Finally, Foundry Partners LLC boosted its holdings in Ranger Energy Services by 10.1% in the third quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock worth $5,370,000 after purchasing an additional 41,321 shares during the last quarter. 68.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Barclays upped their price target on Ranger Energy Services from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note 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.