Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $140,786.61 in Stock

Key Points

• Director Brett T. Agee of Ranger Energy Services sold 11,147 shares for approximately $140,786.61, decreasing his ownership by 1.03% to 1,070,552 shares.
• The company recently reported earnings of $0.32 per share, exceeding analysts' estimates of $0.24, although revenue fell short of expectations at $140.60 million.
• Ranger Energy Services announced a quarterly dividend of $0.06 per share, with an annualized yield of 1.9%, set to be paid on August 22nd for investors of record on August 8th.

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) Director Brett T. Agee sold 11,147 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $12.63, for a total transaction of $140,786.61. Following the completion of the transaction, the director owned 1,070,552 shares of the company's stock, valued at $13,521,071.76. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ranger Energy Services Stock Up 1.5%

NYSE:RNGR traded up $0.19 during trading hours on Monday, reaching $12.77. 91,109 shares of the company's stock were exchanged, compared to its average volume of 156,592. The company has a market capitalization of $278.81 million, a P/E ratio of 12.89 and a beta of 0.43. Ranger Energy Services, Inc. has a 12 month low of $10.56 and a 12 month high of $18.45. The business's 50-day simple moving average is $12.50 and its two-hundred day simple moving average is $13.24.

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, topping analysts' consensus estimates of $0.24 by $0.08. The firm had revenue of $140.60 million during the quarter, compared to analysts' expectations of $141.70 million. Ranger Energy Services had a net margin of 3.92% and a return on equity of 8.36%.

Ranger Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a dividend of $0.06 per share. 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 dividend payout ratio (DPR) is presently 24.24%.

Institutional Trading of Ranger Energy Services

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Ranger Energy Services by 2,718.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 434,306 shares of the company's stock worth $5,186,000 after purchasing an additional 418,894 shares during the period. CSM Advisors LLC acquired a new position in Ranger Energy Services in the 2nd quarter worth approximately $3,691,000. Jacobs Levy Equity Management Inc. acquired a new position in Ranger Energy Services in the 1st quarter worth approximately $2,143,000. Nuveen LLC acquired a new position in Ranger Energy Services in the 1st quarter worth approximately $1,776,000. Finally, AQR Capital Management LLC boosted its stake in Ranger Energy Services by 45.1% in the 2nd quarter. AQR Capital Management LLC now owns 354,809 shares of the company's stock worth $4,236,000 after purchasing an additional 110,211 shares during the period. 68.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on RNGR. Piper Sandler began coverage on shares of Ranger Energy Services in a report on Monday, July 14th. They issued a "neutral" rating and a $13.00 price objective for the company. Wall Street Zen cut shares of Ranger Energy Services from a "strong-buy" rating to a "buy" rating in a report on Sunday.

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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