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

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

Ranger Energy Services Stock Performance

NYSE:RNGR traded down $0.37 during mid-day trading on Monday, hitting $11.95. 112,385 shares of the company's stock traded hands, compared to its average volume of 117,918. The company has a market capitalization of $265.92 million, a P/E ratio of 18.11 and a beta of 0.33. The company has a fifty day moving average of $13.56 and a 200 day moving average of $15.02. Ranger Energy Services has a twelve month low of $9.27 and a twelve month high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $137.50 million.

Ranger Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, May 9th. This represents a $0.24 dividend on an annualized basis and a yield of 2.01%. Ranger Energy Services's dividend payout ratio is presently 27.27%.

Insider Activity

In other news, Director Brett T. Agee sold 30,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total value of $438,300.00. Following the completion of the sale, the director now owns 1,803,539 shares in the company, valued at approximately $26,349,704.79. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 43,882 shares of company stock valued at $639,858. 2.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ranger Energy Services

Hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new stake in shares of Ranger Energy Services in the fourth quarter worth about $26,000. Quarry LP purchased a new stake in Ranger Energy Services in the 4th quarter worth approximately $65,000. CWM LLC grew its stake in shares of Ranger Energy Services by 28.3% during the 1st quarter. CWM LLC now owns 5,850 shares of the company's stock worth $83,000 after purchasing an additional 1,289 shares during the period. Deutsche Bank AG purchased a new position in shares of Ranger Energy Services during the 4th quarter valued at approximately $92,000. Finally, AlphaQuest LLC increased its holdings in shares of Ranger Energy Services by 77.1% during the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company's stock valued at $101,000 after purchasing an additional 2,842 shares in the last quarter. 68.10% of the stock is owned by hedge funds and other institutional investors.

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.