State of Wyoming Grows Stock Holdings in Ranger Energy Services, Inc. $RNGR

Key Points

• The State of Wyoming increased its stake in Ranger Energy Services, Inc. by 1,253.7% during Q1, acquiring an additional 35,680 shares for a total of 38,526 shares valued at approximately $547,000.
• Ranger Energy Services reported earnings of $0.32 per share, exceeding analysts' expectations, despite revenue falling slightly short of consensus estimates at $140.60 million.
• The company declared a $0.06 quarterly dividend, representing an annualized dividend of $0.24 with a yield of 1.7% and a payout ratio of 24.24%.

State of Wyoming increased its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 1,253.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,526 shares of the company's stock after buying an additional 35,680 shares during the period. State of Wyoming owned 0.17% of Ranger Energy Services worth $547,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Millennium Management LLC acquired a new stake in Ranger Energy Services in the fourth quarter worth $477,000. Two Sigma Investments LP increased its holdings in Ranger Energy Services by 60.2% during the 4th quarter. Two Sigma Investments LP now owns 77,056 shares of the company's stock worth $1,193,000 after acquiring an additional 28,965 shares during the period. Squarepoint Ops LLC bought a new stake in Ranger Energy Services during the 4th quarter worth approximately $429,000. BNP Paribas Financial Markets increased its holdings in shares of Ranger Energy Services by 916.2% in the 4th quarter. BNP Paribas Financial Markets now owns 36,348 shares of the company's stock worth $563,000 after buying an additional 32,771 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in Ranger Energy Services in the fourth quarter worth $92,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Ranger Energy Services Trading Up 3.0%

NYSE:RNGR traded up $0.41 on Thursday, reaching $14.13. 16,896 shares of the stock traded hands, compared to its average volume of 155,996. The company's fifty day simple moving average is $12.75 and its 200 day simple moving average is $13.01. Ranger Energy Services, Inc. has a 12 month low of $10.56 and a 12 month high of $18.45. The company has a market capitalization of $308.51 million, a price-to-earnings ratio of 14.29 and a beta of 0.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $141.70 million.

Ranger Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.24 dividend on an annualized basis and a yield of 1.7%. Ranger Energy Services's dividend payout ratio is presently 24.24%.

Insiders Place Their Bets

In other Ranger Energy Services news, Director Brett T. Agee sold 11,147 shares of the business'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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 24,285 shares of company stock worth $309,184 in the last quarter. Insiders own 2.80% of the company's stock.

Analysts Set New Price Targets

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

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.