Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Update

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 129,400 shares, an increase of 37.8% from the April 30th total of 93,900 shares. Approximately 0.6% of the company's stock are sold short. Based on an average daily trading volume, of 128,600 shares, the days-to-cover ratio is currently 1.0 days.

Insider Transactions at Ranger Energy Services

In related news, Director Brett T. Agee sold 13,343 shares of the business's stock in a transaction 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 owns 1,782,232 shares in the company, valued at approximately $25,878,008.64. The trade was a 0.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 43,882 shares of company stock valued at $639,858. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ranger Energy Services

A number of hedge funds and other institutional investors have recently made changes to their positions in RNGR. Meeder Asset Management Inc. purchased a new stake in Ranger Energy Services in the 4th quarter valued at approximately $26,000. US Bancorp DE purchased a new stake in shares of Ranger Energy Services in the first quarter valued at approximately $25,000. Pinnacle Holdings LLC purchased a new stake in shares of Ranger Energy Services during the 1st quarter worth $29,000. Quarry LP purchased a new stake in shares of Ranger Energy Services during the 4th quarter worth $65,000. Finally, CWM LLC boosted its position 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 in the last quarter. Hedge funds and other institutional investors own 68.10% of the company's stock.

Ranger Energy Services Stock Performance

Shares of NYSE:RNGR traded up $0.19 on Thursday, hitting $11.55. 143,432 shares of the company's stock were exchanged, compared to its average volume of 114,629. The firm's 50-day moving average is $11.88 and its 200 day moving average is $14.62. The company has a market capitalization of $259.85 million, a PE ratio of 17.50 and a beta of 0.33. Ranger Energy Services has a 1-year low of $9.62 and a 1-year high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last posted its 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). The company had revenue of $135.20 million during the quarter, compared to analysts' expectations of $137.50 million. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%.

Ranger Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Friday, May 9th. Ranger Energy Services's payout ratio is currently 27.27%.

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.