Jacobs Levy Equity Management Inc. Makes New Investment in Ranger Energy Services, Inc. $RNGR

Key Points

• Jacobs Levy Equity Management Inc. has acquired a new stake in Ranger Energy Services, purchasing 150,996 shares valued at approximately $2,143,000, which represents about 0.68% of the company.
• Ranger Energy Services announced a quarterly dividend of $0.06 per share, resulting in an annualized dividend yield of 1.7%.
• The company's recent earnings report showed an EPS of $0.32, surpassing the consensus estimate of $0.24, while generating $140.60 million in revenue for the quarter.

Jacobs Levy Equity Management Inc. acquired a new position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 150,996 shares of the company's stock, valued at approximately $2,143,000. Jacobs Levy Equity Management Inc. owned about 0.68% of Ranger Energy Services at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Ranger Energy Services by 18.0% in the 1st quarter. American Century Companies Inc. now owns 482,372 shares of the company's stock worth $6,845,000 after acquiring an additional 73,445 shares during the last quarter. AQR Capital Management LLC increased its stake in Ranger Energy Services by 11.9% in the 1st quarter. AQR Capital Management LLC now owns 244,598 shares of the company's stock worth $3,471,000 after acquiring an additional 25,923 shares during the last quarter. Northern Trust Corp increased its stake in Ranger Energy Services by 3.2% in the 4th quarter. Northern Trust Corp now owns 127,087 shares of the company's stock worth $1,967,000 after acquiring an additional 3,887 shares during the last quarter. Nuveen LLC bought a new stake in Ranger Energy Services in the 1st quarter worth approximately $1,776,000. Finally, LPL Financial LLC increased its stake in Ranger Energy Services by 7.2% in the 1st quarter. LPL Financial LLC now owns 95,145 shares of the company's stock worth $1,350,000 after acquiring an additional 6,400 shares during the last quarter. Institutional investors own 68.10% of the company's stock.

Insider Transactions at Ranger Energy Services

In related news, Director Brett T. Agee sold 11,147 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $12.63, for a total transaction of $140,786.61. Following the completion of the transaction, the director owned 1,070,552 shares in the company, valued at $13,521,071.76. The trade was a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 24,285 shares of company stock worth $309,184. 2.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen raised Ranger Energy Services from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Piper Sandler started coverage on Ranger Energy Services in a report on Monday, July 14th. They issued a "neutral" rating and a $13.00 target price for the company. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ranger Energy Services currently has a consensus rating of "Hold" and a consensus target price of $13.00.

Ranger Energy Services Stock Down 2.5%

RNGR traded down $0.36 during trading hours on Friday, reaching $13.64. 76,850 shares of the company's stock traded hands, compared to its average volume of 130,665. The firm has a 50-day moving average price of $12.98 and a 200 day moving average price of $12.79. Ranger Energy Services, Inc. has a 52-week low of $10.56 and a 52-week high of $18.45. The firm has a market capitalization of $298.00 million, a PE ratio of 13.78 and a beta of 0.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.08. Ranger Energy Services had a return on equity of 8.36% and a net margin of 3.92%.The company had revenue of $140.60 million during the quarter, compared to analysts' expectations of $141.70 million.

Ranger Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, August 8th. This represents a $0.24 dividend on an annualized basis and a yield of 1.8%. Ranger Energy Services's payout ratio is presently 24.24%.

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.