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 reduced its holdings in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 33.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,303 shares of the company's stock after selling 26,807 shares during the quarter. Trexquant Investment LP owned about 0.24% of Ranger Energy Services worth $742,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RNGR. Wells Fargo & Company MN grew its position in shares of Ranger Energy Services by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,195 shares of the company's stock worth $142,000 after buying an additional 2,003 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Ranger Energy Services during the fourth quarter valued at approximately $318,000. Northern Trust Corp boosted its position in shares of Ranger Energy Services by 3.2% during the fourth quarter. Northern Trust Corp now owns 127,087 shares of the company's stock valued at $1,967,000 after purchasing an additional 3,887 shares in the last quarter. Algert Global LLC bought a new stake in shares of Ranger Energy Services during the fourth quarter valued at approximately $197,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Ranger Energy Services by 916.2% during the fourth quarter. BNP Paribas Financial Markets now owns 36,348 shares of the company's stock valued at $563,000 after purchasing an additional 32,771 shares in the last quarter. 68.10% of the stock is currently owned by institutional investors.

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 on Friday, August 15th. The stock was sold at an average price of $12.63, for a total transaction of $140,786.61. Following the completion of the transaction, the director owned 1,070,552 shares in the company, 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 can be accessed through this hyperlink. Insiders sold a total of 24,285 shares of company stock worth $309,184 in the last three months. 2.80% of the stock is currently owned by insiders.

Ranger Energy Services Trading Down 1.5%

Shares of NYSE:RNGR opened at $14.13 on Monday. The stock has a fifty day simple moving average of $12.83 and a two-hundred day simple moving average of $12.88. The stock has a market capitalization of $308.60 million, a price-to-earnings ratio of 14.27 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.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $140.60 million during the quarter, compared to analysts' expectations 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 Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on RNGR shares. Wall Street Zen lowered Ranger Energy Services from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 17th. Piper Sandler started coverage on Ranger Energy Services in a research report on Monday, July 14th. They set a "neutral" rating and a $13.00 price target on the stock. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Ranger Energy Services has an average rating of "Hold" and an average price target of $13.00.

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.

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