Insider Selling: Ranger Energy Services (NYSE:RNGR) Director Sells 36,374 Shares of Stock

Key Points

• Ranger Energy Services Director Brett Agee sold 36,374 shares at an average price of $14.49, totaling approximately $527,000, and decreased his ownership by 3.50%.
• The company's stock increased by 1.3% to $14.43 on the same day, with a market cap of $315.15 million and an average trading volume of 230,224 shares.
• Ranger Energy Services declared a quarterly dividend of $0.06 per share, representing an annualized yield of 1.7% with a payout ratio of 24.24%.

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) Director Brett Agee sold 36,374 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $14.49, for a total value of $527,059.26. Following the sale, the director directly owned 1,001,805 shares of the company's stock, valued at $14,516,154.45. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Ranger Energy Services Stock Up 1.3%

NYSE RNGR traded up $0.19 during trading on Tuesday, hitting $14.43. The stock had a trading volume of 230,224 shares, compared to its average volume of 136,277. The company has a market capitalization of $315.15 million, a PE ratio of 14.10 and a beta of 0.45. The firm has a 50 day moving average price of $13.06 and a 200 day moving average price of $12.76. Ranger Energy Services, Inc. has a twelve month low of $10.56 and a twelve month high of $18.45.

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

Ranger Energy Services Announces Dividend

The firm also recently announced 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 was Friday, August 8th. This represents a $0.24 annualized dividend and a yield of 1.7%. Ranger Energy Services's payout ratio is presently 24.24%.

Institutional Trading of Ranger Energy Services

A number of large investors have recently made changes to their positions in RNGR. US Bancorp DE acquired a new stake in shares of Ranger Energy Services during the first quarter valued at $25,000. Pinnacle Holdings LLC acquired a new stake in Ranger Energy Services in the 1st quarter worth about $29,000. Quantbot Technologies LP boosted its stake in Ranger Energy Services by 51.7% in the 2nd quarter. Quantbot Technologies LP now owns 6,277 shares of the company's stock worth $75,000 after buying an additional 2,140 shares during the last quarter. CWM LLC boosted its stake in Ranger Energy Services by 28.3% in the 1st quarter. CWM LLC now owns 5,850 shares of the company's stock worth $83,000 after buying an additional 1,289 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in Ranger Energy Services in the 4th quarter worth about $92,000. Institutional investors and hedge funds own 68.10% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on RNGR. Wall Street Zen upgraded Ranger Energy Services from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research upgraded Ranger Energy Services from a "hold" rating to a "strong-buy" rating in a research note on Friday. Finally, Piper Sandler started coverage on Ranger Energy Services in a research note on Monday, July 14th. They issued a "neutral" rating and a $13.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average 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.

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