Cubist Systematic Strategies LLC acquired a new position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 57,471 shares of the company's stock, valued at approximately $890,000. Cubist Systematic Strategies LLC owned 0.26% of Ranger Energy Services at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Ranger Energy Services in the fourth quarter worth $26,000. Quarry LP acquired a new stake in shares of Ranger Energy Services in the fourth quarter worth $65,000. AlphaQuest LLC increased its stake in shares of Ranger Energy Services by 77.1% in the fourth quarter. AlphaQuest LLC now owns 6,529 shares of the company's stock worth $101,000 after acquiring an additional 2,842 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Ranger Energy Services in the fourth quarter worth $103,000. Finally, Globeflex Capital L P acquired a new stake in shares of Ranger Energy Services in the fourth quarter worth $115,000. Institutional investors and hedge funds own 68.10% of the company's stock.
Ranger Energy Services Stock Performance
Shares of NYSE RNGR opened at $12.17 on Thursday. The company's fifty day moving average price is $12.89 and its 200 day moving average price is $14.94. Ranger Energy Services, Inc. has a 1 year low of $9.57 and a 1 year high of $18.45. The company has a market capitalization of $270.82 million, a PE ratio of 18.44 and a beta of 0.33.
Ranger Energy Services (NYSE:RNGR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.10). Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. The firm had revenue of $135.20 million for the quarter, compared to analysts' expectations of $137.50 million.
Ranger Energy Services Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, May 9th. Ranger Energy Services's dividend payout ratio (DPR) is presently 27.27%.
Insider Buying and Selling
In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total transaction of $193,740.36. Following the transaction, the director now directly owns 1,782,232 shares of the company's stock, valued at $25,878,008.64. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 43,882 shares of company stock valued at $639,858. Corporate insiders own 2.80% of the company's stock.
Ranger Energy Services Company Profile
(
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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.
