Brett T. Agee Sells 7,015 Shares of Ranger Energy Services (NYSE:RNGR) Stock

Key Points

• Ranger Energy Services' Director, Brett Agee, sold 7,015 shares at an average price of $14.32, resulting in a total transaction of $100,454.80 and a 0.67% decrease in his stock ownership.
• The company's stock price increased by 1.3% to $14.43, with a market capitalization of $315.15 million and a price-to-earnings ratio of 14.10.
• Ranger Energy Services announced a quarterly dividend of $0.06, providing a 1.7% yield, with institutional investors owning 68.10% of the company's stock.

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) Director Brett T. Agee sold 7,015 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $14.32, for a total value of $100,454.80. Following the completion of the transaction, the director owned 1,038,179 shares of the company's stock, valued at $14,866,723.28. The trade was a 0.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ranger Energy Services Stock Performance

NYSE RNGR traded down $0.54 during trading hours on Friday, hitting $13.83. 533,629 shares of the company traded hands, compared to its average volume of 160,155. The business's 50-day moving average is $13.17 and its 200-day moving average is $12.73. The stock has a market capitalization of $302.05 million, a price-to-earnings ratio of 13.97 and a beta of 0.45. 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 posted its quarterly earnings results on Monday, July 28th. The company reported $0.32 earnings per share for the quarter, topping 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 firm had revenue of $140.60 million for the quarter, compared to analyst estimates of $141.70 million.

Ranger Energy Services Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Ranger Energy Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Piper Sandler assumed coverage on shares of Ranger Energy Services in a research note on Monday, July 14th. They issued a "neutral" rating and a $13.00 target price for the company. Finally, Wall Street Zen raised Ranger Energy Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Ranger Energy Services has a consensus rating of "Buy" and an average target price of $13.00.

Institutional Trading of Ranger Energy Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in Ranger Energy Services by 2,718.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 434,306 shares of the company's stock worth $5,186,000 after purchasing an additional 418,894 shares during the last quarter. CSM Advisors LLC bought a new position in Ranger Energy Services during the 2nd quarter worth $3,691,000. Jacobs Levy Equity Management Inc. bought a new position in Ranger Energy Services during the 1st quarter worth $2,143,000. Nuveen LLC acquired a new stake in shares of Ranger Energy Services during the first quarter worth $1,776,000. Finally, AQR Capital Management LLC boosted its position in shares of Ranger Energy Services by 45.1% in the second quarter. AQR Capital Management LLC now owns 354,809 shares of the company's stock valued at $4,236,000 after acquiring an additional 110,211 shares during the period. Institutional investors own 68.10% of the company's stock.

Ranger Energy Services Company 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.