Insider Selling: Ranger Energy Services (NYSE:RNGR) VP Sells 11,620 Shares

Key Points

• Ranger Energy Services VP J. Matt Hooker sold 11,620 shares for approximately $193,241 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct holdings by 11.72% to 87,528 shares.
• RNGR shares rose 3.3% to $17.12, while the company’s latest quarterly revenue of $176.5 million exceeded estimates but EPS of $0.29 narrowly missed consensus.
• The company declared a quarterly dividend of $0.06 per share, equivalent to $0.24 annually and a 1.4% yield; analysts maintain an overall “Hold” rating with a $20 average price target.

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) VP J. Matt Hooker sold 11,620 shares of the firm's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $16.63, for a total value of $193,240.60. Following the sale, the vice president directly owned 87,528 shares of the company's stock, valued at $1,455,590.64. This represents a 11.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

J. Matt Hooker also recently made the following trade(s):

• On Thursday, July 23rd, J. Matt Hooker sold 1,291 shares of Ranger Energy Services stock. The shares were sold at an average price of $16.50, for a total transaction of $21,301.50.

Ranger Energy Services Stock Up 3.3%

Shares of RNGR traded up $0.55 during trading hours on Tuesday, hitting $17.12. The company had a trading volume of 137,490 shares, compared to its average volume of 217,762. The firm has a market cap of $400.73 million, a price-to-earnings ratio of 28.54 and a beta of 0.12. The business has a fifty day moving average of $15.75 and a 200-day moving average of $16.34. Ranger Energy Services, Inc. has a 12 month low of $11.88 and a 12 month high of $18.82.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last posted its earnings results on Monday, July 27th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). Ranger Energy Services had a return on equity of 4.87% and a net margin of 2.36%.The company had revenue of $176.50 million for the quarter, compared to analyst estimates of $163.93 million. On average, equities analysts expect that Ranger Energy Services, Inc. will post 1.17 EPS for the current fiscal year.

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, August 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. Ranger Energy Services's dividend payout ratio (DPR) is 40.00%.

Analyst Ratings Changes

A number of research analysts have commented on RNGR shares. Wall Street Zen raised Ranger Energy Services from a "hold" rating to a "buy" rating in a report on Saturday, April 18th. Piper Sandler raised their price target on shares of Ranger Energy Services from $17.00 to $20.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 15th. Zacks Research upgraded shares of Ranger Energy Services from a "strong sell" rating to a "hold" rating in a research note on Friday, July 3rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Ranger Energy Services in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ranger Energy Services presently has an average rating of "Hold" and an average target price of $20.00.

Institutional Investors Weigh In On Ranger Energy Services

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Ranger Energy Services by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,273,108 shares of the company's stock valued at $21,822,000 after buying an additional 41,648 shares during the period. IES Holdings Inc. bought a new stake in shares of Ranger Energy Services during the 4th quarter worth approximately $15,201,000. Vanguard Group Inc. lifted its holdings in shares of Ranger Energy Services by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 845,875 shares of the company's stock worth $11,876,000 after acquiring an additional 13,970 shares during the period. AQR Capital Management LLC boosted its position in shares of Ranger Energy Services by 44.4% during the 4th quarter. AQR Capital Management LLC now owns 580,611 shares of the company's stock worth $8,117,000 after acquiring an additional 178,486 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 418,894 shares in the last quarter. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.

Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.

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