Insider Selling: Ranger Energy Services (NYSE:RNGR) Director Sells 7,015 Shares of 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 Agee sold 7,015 shares of Ranger Energy Services stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $14.32, for a total transaction of $100,454.80. Following the sale, the director owned 1,038,179 shares of the company's stock, valued at approximately $14,866,723.28. The trade was a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ranger Energy Services Stock Up 1.3%

Shares of Ranger Energy Services stock traded up $0.19 during trading on Tuesday, hitting $14.43. 230,224 shares of the company were exchanged, compared to its average volume of 136,277. Ranger Energy Services, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $18.45. The stock has a market capitalization of $315.15 million, a price-to-earnings 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 (NYSE:RNGR - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $140.60 million during the quarter, compared to the consensus estimate 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a $0.06 dividend. 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 payout ratio is presently 24.24%.

Analyst Ratings Changes

Several analysts have recently issued reports on RNGR shares. Piper Sandler started coverage on shares of Ranger Energy Services in a research note on Monday, July 14th. They set a "neutral" rating and a $13.00 price objective for the company. Wall Street Zen raised Ranger Energy Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Zacks Research raised Ranger Energy Services from a "hold" rating to a "strong-buy" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $13.00.

Institutional Investors Weigh In On Ranger Energy Services

Several large investors have recently made changes to their positions in RNGR. US Bancorp DE acquired a new stake in shares of Ranger Energy Services in the first quarter valued at approximately $25,000. Pinnacle Holdings LLC purchased a new stake in shares of Ranger Energy Services in the 1st quarter valued at approximately $29,000. Quantbot Technologies LP lifted its position 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 in the last quarter. CWM LLC raised its holdings in shares of 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 purchasing an additional 1,289 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Ranger Energy Services during the 4th quarter valued at $92,000. Institutional investors and hedge funds 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.

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