Ranger Energy Services, Inc. (NYSE:RNGR) Plans $0.06 Quarterly Dividend

Key Points

• Declared dividend: Ranger Energy announced a quarterly dividend of $0.06 per share (annualized $0.24) with an ex-dividend/record date of May 8 and payment on May 22, implying a ~1.3% yield.
• Dividend coverage: The payout ratio is 23.1% and analysts project $1.78 EPS next year (implying a future payout ratio of ~13.5%), indicating the dividend appears well covered by expected earnings.
• Quarterly results and valuation: The company reported Q results of $0.12 EPS (missed consensus of $0.36) while revenue of $159.1M beat estimates, and the stock trades around $18.35 with a market cap of ~$432M and a P/E near 34.

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) declared a quarterly dividend on Monday, April 27th. Shareholders of record on Friday, May 8th will be given a dividend of 0.06 per share on Friday, May 22nd. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, May 8th.

Ranger Energy Services has a dividend payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ranger Energy Services to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 13.5%.

Ranger Energy Services Trading Up 0.2%

NYSE RNGR opened at $18.35 on Tuesday. The firm's fifty day simple moving average is $17.10 and its two-hundred day simple moving average is $15.22. Ranger Energy Services has a 12-month low of $10.56 and a 12-month high of $18.82. The firm has a market capitalization of $432.14 million, a P/E ratio of 33.98 and a beta of 0.17.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last released its quarterly earnings results on Monday, April 27th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). Ranger Energy Services had a return on equity of 4.54% and a net margin of 2.25%.The firm had revenue of $159.10 million during the quarter, compared to analysts' expectations of $154.80 million. As a group, sell-side analysts predict that Ranger Energy Services will post 1.63 earnings per share for the current fiscal year.

About Ranger Energy Services

Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.

Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.

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