Trexquant Investment LP Sells 26,807 Shares of Ranger Energy Services, Inc. $RNGR

Key Points

• Trexquant Investment LP sold 26,807 shares of Ranger Energy Services, reducing its stake by 33.9%, and now holds approximately 52,303 shares valued at $742,000.
• Ranger Energy Services announced a quarterly dividend of $0.06 per share, which represents an annualized yield of 1.7%, with a payout ratio of 24.24%.
• Shares of Ranger Energy Services opened at $14.13, with a recent earnings report exceeding analysts' expectations, as the company reported $0.32 EPS compared to a consensus estimate of $0.24.

Trexquant Investment LP decreased its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 33.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,303 shares of the company's stock after selling 26,807 shares during the period. Trexquant Investment LP owned approximately 0.24% of Ranger Energy Services worth $742,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. US Bancorp DE bought a new stake in shares of Ranger Energy Services during the 1st quarter valued at about $25,000. Pinnacle Holdings LLC purchased a new position in Ranger Energy Services during the 1st quarter valued at about $29,000. CWM LLC lifted its position in Ranger Energy Services by 28.3% during the 1st quarter. CWM LLC now owns 5,850 shares of the company's stock valued at $83,000 after acquiring an additional 1,289 shares during the period. Deutsche Bank AG purchased a new position in Ranger Energy Services during the 4th quarter valued at about $92,000. Finally, GAMMA Investing LLC lifted its position in Ranger Energy Services by 1,523.0% during the 1st 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. Institutional investors own 68.10% of the company's stock.

Ranger Energy Services Stock Down 2.5%

Ranger Energy Services stock traded down $0.36 during trading hours on Friday, hitting $13.64. The stock had a trading volume of 76,850 shares, compared to its average volume of 130,665. The stock has a market capitalization of $298.00 million, a P/E ratio of 13.78 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's 50-day moving average price is $12.98 and its 200-day moving average price is $12.82.

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

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.24 annualized dividend and a yield of 1.8%. Ranger Energy Services's payout ratio is 24.24%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Ranger Energy Services

In other Ranger Energy Services news, Director Brett T. Agee sold 11,147 shares of Ranger Energy Services stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $12.63, for a total value of $140,786.61. Following the completion of the transaction, the director directly owned 1,070,552 shares of the company's stock, valued at approximately $13,521,071.76. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 24,285 shares of company stock valued at $309,184 over the last three months. 2.80% of the stock is currently owned by insiders.

Ranger Energy Services 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.