Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Down 29.0% in April

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 121,700 shares, a drop of 29.0% from the March 31st total of 171,300 shares. Approximately 0.6% of the company's stock are sold short. Based on an average daily volume of 110,200 shares, the short-interest ratio is presently 1.1 days.

Ranger Energy Services Trading Up 7.5 %

NYSE:RNGR traded up $0.86 during trading hours on Friday, reaching $12.33. The company had a trading volume of 233,218 shares, compared to its average volume of 108,009. The firm has a market cap of $274.27 million, a price-to-earnings ratio of 18.67 and a beta of 0.33. The firm's 50 day moving average price is $13.56 and its 200-day moving average price is $14.99. Ranger Energy Services has a 52 week low of $9.27 and a 52 week high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10). Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. The firm had revenue of $135.20 million during the quarter, compared to the consensus estimate of $137.50 million.

Ranger Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, May 9th. Ranger Energy Services's dividend payout ratio (DPR) is presently 27.27%.

Insiders Place Their Bets

In other news, Director Brett T. Agee sold 13,343 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total transaction of $193,740.36. Following the completion of the transaction, the director now directly owns 1,782,232 shares of the company's stock, valued at $25,878,008.64. The trade was a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 43,882 shares of company stock valued at $639,858. Corporate insiders own 2.80% of the company's stock.

Institutional Trading of Ranger Energy Services

Several large investors have recently added to or reduced their stakes in the business. Royce & Associates LP grew its position in shares of Ranger Energy Services by 5.8% during the 4th quarter. Royce & Associates LP now owns 1,038,772 shares of the company's stock valued at $16,080,000 after acquiring an additional 56,774 shares during the period. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 75,088 shares during the period. American Century Companies Inc. grew its holdings in Ranger Energy Services by 12.4% during the fourth quarter. American Century Companies Inc. now owns 408,927 shares of the company's stock valued at $6,330,000 after purchasing an additional 45,074 shares during the period. Bridgeway Capital Management LLC increased its position in Ranger Energy Services by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 377,231 shares of the company's stock worth $5,840,000 after buying an additional 4,381 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ranger Energy Services by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 355,976 shares of the company's stock worth $5,511,000 after buying an additional 4,183 shares during the period. 68.10% of the stock is currently owned by institutional investors.

Ranger Energy Services Company Profile

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.