Royce & Associates LP Has $13.25 Million Stock Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Key Points

• Royce & Associates LP reduced its stake in Ranger Energy Services by 10.1%, now holding approximately 933,982 shares valued at $13.25 million.
• Ranger Energy Services recently reported earnings per share of $0.05, falling short of analysts' expectations of $0.15, with revenue of $135.2 million against $137.5 million projected.
• The company announced a quarterly dividend of $0.06 per share, translating to an annual yield of 1.94%, with a dividend payout ratio of 27.27%.

Royce & Associates LP decreased its position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 10.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 933,982 shares of the company's stock after selling 104,790 shares during the period. Royce & Associates LP owned approximately 4.20% of Ranger Energy Services worth $13,253,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RNGR. Prudential Financial Inc. lifted its holdings in Ranger Energy Services by 102.4% during the fourth quarter. Prudential Financial Inc. now owns 219,222 shares of the company's stock worth $3,394,000 after acquiring an additional 110,907 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Ranger Energy Services by 54.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 288,805 shares of the company's stock worth $4,471,000 after purchasing an additional 102,313 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Ranger Energy Services in the 4th quarter valued at approximately $1,570,000. Dimensional Fund Advisors LP increased its stake in 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 worth $16,013,000 after purchasing an additional 75,088 shares in the last quarter. Finally, Trexquant Investment LP raised its holdings in Ranger Energy Services by 605.8% during the 4th quarter. Trexquant Investment LP now owns 79,110 shares of the company's stock worth $1,225,000 after buying an additional 67,901 shares during the period. Institutional investors own 68.10% of the company's stock.

Ranger Energy Services Trading Up 0.1%

RNGR stock opened at $12.35 on Friday. The stock has a market cap of $277.83 million, a PE ratio of 14.03 and a beta of 0.38. The stock has a 50-day moving average price of $11.92 and a two-hundred day moving average price of $13.73. Ranger Energy Services, Inc. has a 1 year low of $10.56 and a 1 year high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last announced its 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 net margin of 3.48% and a return on equity of 7.52%. The firm had revenue of $135.20 million during the quarter, compared to analyst estimates of $137.50 million.

Ranger Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Friday, May 9th. Ranger Energy Services's dividend payout ratio (DPR) is currently 27.27%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler started coverage on shares of Ranger Energy Services in a report on Monday, July 14th. They issued a "neutral" rating and a $13.00 price target for the company.

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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