Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $128,200.00 in 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 Ranger Energy Services stock in a transaction on Monday, August 18th. The stock was sold at an average price of $12.82, for a total value of $128,200.00. Following the sale, the director owned 1,060,552 shares in the company, valued at $13,596,276.64. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ranger Energy Services Price Performance

Shares of NYSE RNGR traded up $0.19 during mid-day trading on Monday, reaching $12.77. 91,109 shares of the company's stock were exchanged, compared to its average volume of 156,592. The firm has a market capitalization of $278.81 million, a price-to-earnings ratio of 12.89 and a beta of 0.43. Ranger Energy Services, Inc. has a 52 week low of $10.56 and a 52 week high of $18.45. The firm has a 50-day moving average price of $12.50 and a two-hundred day moving average price of $13.24.

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

Ranger Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, August 8th. Ranger Energy Services's payout ratio is currently 24.24%.

Institutional Investors 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 company. Encompass Capital Advisors LLC raised its stake in Ranger Energy Services by 0.8% in the 2nd quarter. Encompass Capital Advisors LLC now owns 1,513,284 shares of the company's stock valued at $18,069,000 after acquiring an additional 12,716 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Ranger Energy Services by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company's stock valued at $16,013,000 after buying an additional 75,088 shares during the period. American Century Companies Inc. increased its position in shares of Ranger Energy Services by 11.9% during the second quarter. American Century Companies Inc. now owns 539,685 shares of the company's stock valued at $6,444,000 after buying an additional 57,313 shares during the period. JPMorgan Chase & Co. increased its position in shares of Ranger Energy Services by 2,718.0% during the second quarter. JPMorgan Chase & Co. now owns 434,306 shares of the company's stock valued at $5,186,000 after buying an additional 418,894 shares during the period. Finally, Bridgeway Capital Management LLC increased its position in shares of Ranger Energy Services by 15.4% during the second quarter. Bridgeway Capital Management LLC now owns 414,921 shares of the company's stock valued at $4,954,000 after buying an additional 55,240 shares during the period. 68.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RNGR. Wall Street Zen cut Ranger Energy Services from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Piper Sandler began coverage on Ranger Energy Services in a research note on Monday, July 14th. They set a "neutral" rating and a $13.00 target price on the 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.

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