Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Down 18.3% in April

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 387,400 shares, a decline of 18.3% from the March 31st total of 474,400 shares. Based on an average daily volume of 166,700 shares, the days-to-cover ratio is currently 2.3 days.

Insider Buying and Selling at Ranger Energy Services

In other news, Director Charles S. Leykum sold 6,000 shares of the company's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $11.64, for a total value of $69,840.00. Following the transaction, the director now directly owns 3,994,000 shares of the company's stock, valued at $46,490,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Charles S. Leykum sold 6,000 shares of the company's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $11.64, for a total value of $69,840.00. Following the transaction, the director now directly owns 3,994,000 shares of the company's stock, valued at $46,490,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles S. Leykum sold 25,000 shares of the company's stock in a transaction on 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 in the company, valued at $45,246,600. The disclosure for this sale can be found here. Insiders have sold a total of 378,000 shares of company stock valued at $4,212,500 in the last three months. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in Ranger Energy Services by 6.3% in the fourth quarter. Franklin Resources Inc. now owns 419,900 shares of the company's stock worth $4,296,000 after purchasing an additional 24,900 shares in the last quarter. Foundry Partners LLC increased its holdings in shares of Ranger Energy Services by 419.5% during the fourth quarter. Foundry Partners LLC now owns 255,830 shares of the company's stock worth $2,617,000 after buying an additional 206,580 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Ranger Energy Services by 53.3% during the fourth quarter. Russell Investments Group Ltd. now owns 166,319 shares of the company's stock worth $1,701,000 after buying an additional 57,818 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Ranger Energy Services during the third quarter worth approximately $2,229,000. Finally, EAM Investors LLC acquired a new stake in shares of Ranger Energy Services during the third quarter worth approximately $1,951,000. Institutional investors and hedge funds own 68.10% of the company's stock.

Ranger Energy Services Stock Performance

NYSE:RNGR remained flat at $10.25 during trading hours on Friday. 171,531 shares of the company were exchanged, compared to its average volume of 116,969. The company has a market cap of $232.27 million, a P/E ratio of 10.68 and a beta of 0.60. Ranger Energy Services has a 12-month low of $9.27 and a 12-month high of $14.64. The business has a 50 day moving average of $11.03 and a 200-day moving average of $10.83.

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

Ranger Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, March 14th. Ranger Energy Services's payout ratio is presently 20.83%.

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.