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

Key Points

• Ranger Energy Services, Inc. (NYSE:RNGR) announced a quarterly dividend of $0.06 per share, set to be paid on August 22nd, reflecting a 1.85% yield and an annualized dividend of $0.24.
• The company reported a Q2 earnings per share (EPS) of $0.32, surpassing the consensus estimate by $0.08, and has a dividend payout ratio of 23.1%.
• Institutional investors own approximately 68.10% of Ranger Energy Services' stock, with notable increases in holdings from firms like AQR Capital Management and Jane Street Group.

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) announced a quarterly dividend on Monday, July 28th, RTT News reports. Investors of record on Friday, August 8th will be given a dividend of 0.06 per share on Friday, August 22nd. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, August 8th.

Ranger Energy Services has a payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings.

Ranger Energy Services Trading Down 6.3%

NYSE:RNGR traded down $0.84 during trading hours on Friday, hitting $12.55. 45,365 shares of the company were exchanged, compared to its average volume of 158,048. The stock has a market capitalization of $282.35 million, a price-to-earnings ratio of 12.66 and a beta of 0.38. Ranger Energy Services has a one year low of $10.56 and a one year high of $18.45. The company has a fifty day simple moving average of $12.14 and a 200 day simple moving average of $13.67.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. The company had revenue of $140.60 million during the quarter, compared to analysts' expectations of $141.70 million. Ranger Energy Services had a return on equity of 8.36% and a net margin of 3.92%.

Analyst Ratings Changes

Separately, Piper Sandler began coverage on shares of Ranger Energy Services in a report on Monday, July 14th. They set a "neutral" rating and a $13.00 price target for the company.

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.