Brett T. Agee Sells 10,000 Shares of Ranger Energy Services (NYSE:RNGR) Stock

Key Points

• Director Brett T. Agee of Ranger Energy Services sold 10,000 shares for a total of $128,200 at an average price of $12.82, reducing his ownership by 0.93% to 1,060,552 shares.
• The company reported an earnings per share (EPS) of $0.32 for the last quarter, surpassing analysts' expectations, despite a slight revenue miss at $140.60 million.
• Ranger Energy Services will pay a quarterly dividend of $0.06 on August 22nd, resulting in an annualized yield of 1.9% with a payout ratio of 24.24%.

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) Director Brett T. Agee sold 10,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $12.82, for a total transaction of $128,200.00. Following the transaction, the director directly owned 1,050,552 shares in the company, valued at $13,468,076.64. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ranger Energy Services Trading Up 3.6%

Shares of NYSE:RNGR traded up $0.4740 during midday trading on Friday, hitting $13.5540. The stock had a trading volume of 301,341 shares, compared to its average volume of 152,934. The company has a market capitalization of $296.02 million, a PE ratio of 13.69 and a beta of 0.43. The stock has a 50 day moving average price of $12.52 and a two-hundred day moving average price of $13.16. Ranger Energy Services, Inc. has a 1 year low of $10.56 and a 1 year high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. Ranger Energy Services had a net margin of 3.92% and a return on equity of 8.36%. The business had revenue of $140.60 million for the quarter, compared to the consensus estimate of $141.70 million.

Ranger Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.06 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.24 annualized dividend and a dividend yield of 1.8%. Ranger Energy Services's dividend payout ratio (DPR) is 24.24%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RNGR shares. Wall Street Zen cut shares of Ranger Energy Services from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 17th. Piper Sandler started coverage on shares of Ranger Energy Services in a research note on Monday, July 14th. They issued a "neutral" rating and a $13.00 price objective for the company. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Ranger Energy Services currently has an average rating of "Hold" and a consensus target price of $13.00.

Hedge Funds Weigh In On Ranger Energy Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its position in Ranger Energy Services by 20.3% during the second quarter. CWM LLC now owns 7,035 shares of the company's stock worth $84,000 after acquiring an additional 1,185 shares during the last quarter. US Bancorp DE purchased a new stake in shares of Ranger Energy Services during the first quarter worth about $25,000. Rhumbline Advisers grew its holdings in shares of Ranger Energy Services by 8.5% during the first quarter. Rhumbline Advisers now owns 24,277 shares of the company's stock worth $344,000 after buying an additional 1,906 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Ranger Energy Services by 4.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 43,682 shares of the company's stock worth $620,000 after buying an additional 2,001 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Ranger Energy Services by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,195 shares of the company's stock worth $142,000 after buying an additional 2,003 shares in the last quarter. Institutional investors and hedge funds own 68.10% 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.