Ranger Energy Services, Inc. (NYSE:RNGR) Announces $0.05 Quarterly Dividend

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.05 per share on Friday, May 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Thursday, May 16th.

Ranger Energy Services has a payout ratio of 16.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Ranger Energy Services to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.9%.

Ranger Energy Services Stock Up 2.1 %

Shares of RNGR stock traded up $0.21 during trading hours on Wednesday, reaching $10.19. 112,142 shares of the company's stock were exchanged, compared to its average volume of 179,647. Ranger Energy Services has a fifty-two week low of $9.27 and a fifty-two week high of $14.64. The business has a fifty day moving average price of $10.99 and a 200-day moving average price of $10.64. The stock has a market capitalization of $230.79 million, a P/E ratio of 10.61 and a beta of 0.66.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last released its earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.24). The company had revenue of $151.50 million during the quarter, compared to the consensus estimate of $151.00 million. Ranger Energy Services had a net margin of 3.74% and a return on equity of 8.67%. During the same quarter in the previous year, the business posted $0.30 EPS. As a group, research analysts expect that Ranger Energy Services will post 0.84 EPS for the current fiscal year.

Insider Transactions at Ranger Energy Services

In other news, Director Charles S. Leykum sold 25,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $11.40, for a total value of $285,000.00. Following the completion of the transaction, the director now directly owns 3,969,000 shares of the company's stock, valued at approximately $45,246,600. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Charles S. Leykum sold 132,000 shares of Ranger Energy Services stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $11.08, for a total value of $1,462,560.00. Following the completion of the transaction, the director now directly owns 3,562,000 shares of the company's stock, valued at $39,466,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles S. Leykum sold 25,000 shares of the business's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $11.40, for a total transaction of $285,000.00. Following the completion of the transaction, the director now directly owns 3,969,000 shares of the company's stock, valued at $45,246,600. The disclosure for this sale can be found here. In the last three months, insiders sold 378,000 shares of company stock valued at $4,212,500. Company insiders own 2.00% of the company's stock.

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.