Short Interest in Ranger Energy Services, Inc. (NYSE:RNGR) Declines By 14.3%

Ranger Energy Services, Inc. (NYSE:RNGR) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 251,200 shares, a decrease of 14.3% from the December 31st total of 293,200 shares. Based on an average daily trading volume, of 158,000 shares, the days-to-cover ratio is currently 1.6 days.

Ranger Energy Services Stock Down 4.6 %

Shares of NYSE:RNGR traded down $0.79 during mid-day trading on Friday, reaching $16.40. 103,241 shares of the stock were exchanged, compared to its average volume of 123,435. Ranger Energy Services has a one year low of $9.27 and a one year high of $18.10. The stock’s 50 day simple moving average is $16.12 and its 200-day simple moving average is $13.80. The company has a market cap of $364.79 million, a P/E ratio of 24.84 and a beta of 0.54.

Insider Buying and Selling

In other Ranger Energy Services news, Director Brett T. Agee sold 61,905 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $16.67, for a total transaction of $1,031,956.35. Following the sale, the director now owns 31,905 shares of the company’s stock, valued at $531,856.35. This represents a 65.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brett T. Agee sold 19,209 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were 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 in the company, valued at $28,213,184.70. This trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 415,836 shares of company stock worth $6,863,316. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ranger Energy Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in shares of Ranger Energy Services by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 903,789 shares of the company’s stock valued at $9,508,000 after acquiring an additional 107,853 shares during the period. Renaissance Technologies LLC boosted its holdings in Ranger Energy Services by 4.8% in the 2nd quarter. Renaissance Technologies LLC now owns 168,390 shares of the company’s stock valued at $1,771,000 after purchasing an additional 7,700 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Ranger Energy Services during the 2nd quarter worth approximately $134,000. AQR Capital Management LLC increased its holdings in shares of Ranger Energy Services by 33.5% during the second quarter. AQR Capital Management LLC now owns 449,028 shares of the company’s stock worth $4,724,000 after purchasing an additional 112,634 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Ranger Energy Services in the third quarter valued at approximately $147,000. Institutional investors own 68.10% of the company’s stock.

About Ranger Energy Services

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.