Nuveen LLC Buys New Shares in Ranger Energy Services, Inc. $RNGR

Key Points

• Nuveen LLC has acquired 125,162 shares of Ranger Energy Services, valued at approximately $1,776,000, representing a 0.56% ownership in the company as of its latest SEC filing.
• Ranger Energy Services reported a net margin of 3.92% and earnings per share of $0.32 for the last quarter, surpassing analysts' expectations of $0.24, despite revenue falling slightly short of estimates.
• The company declared a quarterly dividend of $0.06 per share, translating to an annualized yield of 1.7% with a payout ratio of 24.24%.

Nuveen LLC bought a new position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 125,162 shares of the company's stock, valued at approximately $1,776,000. Nuveen LLC owned about 0.56% of Ranger Energy Services as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Ranger Energy Services by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company's stock valued at $16,013,000 after buying an additional 75,088 shares during the last quarter. Bridgeway Capital Management LLC grew its position in shares of Ranger Energy Services by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 377,231 shares of the company's stock valued at $5,840,000 after buying an additional 4,381 shares during the last quarter. Northern Trust Corp grew its position in shares of Ranger Energy Services by 3.2% during the 4th quarter. Northern Trust Corp now owns 127,087 shares of the company's stock valued at $1,967,000 after buying an additional 3,887 shares during the last quarter. LPL Financial LLC grew its position in shares of Ranger Energy Services by 7.2% during the 1st quarter. LPL Financial LLC now owns 95,145 shares of the company's stock valued at $1,350,000 after buying an additional 6,400 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Ranger Energy Services by 60.2% during the 4th quarter. Two Sigma Investments LP now owns 77,056 shares of the company's stock valued at $1,193,000 after buying an additional 28,965 shares during the last quarter. Institutional investors own 68.10% of the company's stock.

Analyst Upgrades and Downgrades

RNGR has been the subject of a number of analyst reports. Piper Sandler initiated coverage on shares of Ranger Energy Services in a research note on Monday, July 14th. They set a "neutral" rating and a $13.00 target price for the company. Wall Street Zen lowered shares of Ranger Energy Services from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $13.00.

Insider Buying and Selling

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

Ranger Energy Services Stock Up 1.3%

RNGR stock traded up $0.18 during trading hours on Thursday, hitting $13.90. The company's stock had a trading volume of 9,266 shares, compared to its average volume of 155,915. The company has a market capitalization of $303.58 million, a PE ratio of 14.04 and a beta of 0.45. Ranger Energy Services, Inc. has a 12 month low of $10.56 and a 12 month high of $18.45. The stock has a 50 day moving average price of $12.75 and a two-hundred day moving average price of $13.01.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last released its quarterly earnings results 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 net margin of 3.92% and a return on equity of 8.36%. The company had revenue of $140.60 million during the quarter, compared to analysts' expectations of $141.70 million.

Ranger Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 8th. Ranger Energy Services's dividend payout ratio is 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.