Kapitalo Investimentos Ltda Acquires New Shares in Ranger Energy Services, Inc. $RNGR

Key Points

• Kapitalo Investimentos Ltda acquired 18,446 shares of Ranger Energy Services, valued at approximately $220,000, increasing its stake to 0.08% of the company.
• Insider Brett T. Agee sold 36,374 shares in September, reducing his position by 3.5%, while total insider sales over the last 90 days amounted to 81,688 shares valued at $1.14 million.
• Ranger Energy Services reported a $0.32 earnings per share for the last quarter, beating estimates, and plans to disburse a quarterly dividend of $0.06 per share.

Kapitalo Investimentos Ltda bought a new stake in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 18,446 shares of the company's stock, valued at approximately $220,000. Kapitalo Investimentos Ltda owned 0.08% of Ranger Energy Services at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE acquired a new position in Ranger Energy Services in the 1st quarter valued at about $25,000. Pinnacle Holdings LLC acquired a new stake in Ranger Energy Services in the 1st quarter valued at $29,000. CWM LLC lifted its position in shares of Ranger Energy Services by 28.3% during the first quarter. CWM LLC now owns 5,850 shares of the company's stock worth $83,000 after purchasing an additional 1,289 shares during the last quarter. Deutsche Bank AG bought a new position in Ranger Energy Services in the fourth quarter worth about $92,000. Finally, GAMMA Investing LLC increased its stake in shares of Ranger Energy Services by 1,523.0% during the first quarter. GAMMA Investing LLC now owns 7,563 shares of the company's stock valued at $107,000 after acquiring an additional 7,097 shares during the period. 68.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Brett T. Agee sold 36,374 shares of Ranger Energy Services stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $14.49, for a total transaction of $527,059.26. Following the transaction, the director owned 1,001,805 shares in the company, valued at $14,516,154.45. The trade was a 3.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 81,688 shares of company stock valued at $1,140,042. Company insiders own 2.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RNGR. Piper Sandler initiated coverage on shares of Ranger Energy Services in a research note on Monday, July 14th. They issued a "neutral" rating and a $13.00 price objective for the company. Zacks Research raised shares of Ranger Energy Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Finally, Wall Street Zen raised shares of Ranger Energy Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $13.00.

Ranger Energy Services Stock Down 3.8%

NYSE RNGR opened at $13.83 on Monday. The company has a fifty day moving average of $13.17 and a two-hundred day moving average of $12.72. The firm has a market capitalization of $302.09 million, a price-to-earnings ratio of 13.97 and a beta of 0.45. Ranger Energy Services, Inc. has a 52 week low of $10.56 and a 52 week high of $18.45.

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

Ranger Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 8th. Ranger Energy Services's dividend payout ratio is currently 24.24%.

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.

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