Ranger Energy Services (NYSE:RNGR) CEO Stuart Bodden Sells 95,000 Shares

Key Points

• CEO Stuart Bodden sold 95,000 Ranger Energy Services shares at an average price of $17.16, generating $1.63 million; the Rule 10b5-1 transaction reduced his stake by 25.76% to 273,800 shares.
• Ranger shares closed at $17.14, with a market capitalization of approximately $401 million. The company’s latest quarterly results included $176.5 million in revenue and $0.29 earnings per share, slightly below analyst expectations.
• Analysts maintain a consensus “Hold” rating with a $20 price target, while the company’s quarterly dividend of $0.06 per share represents a 1.4% yield.

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) CEO Stuart Bodden sold 95,000 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $17.16, for a total transaction of $1,630,200.00. Following the completion of the sale, the chief executive officer owned 273,800 shares in the company, valued at $4,698,408. This represents a 25.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ranger Energy Services Stock Performance

Shares of NYSE RNGR traded down $0.26 during midday trading on Friday, hitting $17.14. 280,551 shares of the stock traded hands, compared to its average volume of 214,923. The firm has a market capitalization of $401.11 million, a P/E ratio of 28.57 and a beta of 0.12. Ranger Energy Services, Inc. has a one year low of $11.88 and a one year high of $18.82. The firm has a 50-day moving average of $15.99 and a two-hundred day moving average of $16.46.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Ranger Energy Services had a return on equity of 4.87% and a net margin of 2.36%.The firm had revenue of $176.50 million during the quarter, compared to the consensus estimate of $163.93 million. Equities analysts forecast that Ranger Energy Services, Inc. will post 1.17 earnings per share for the current fiscal year.

Ranger Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. Ranger Energy Services's dividend payout ratio is presently 40.00%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Ranger Energy Services from a "strong sell" rating to a "hold" rating in a research report on Friday, July 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Ranger Energy Services in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. CSM Advisors LLC boosted its stake in Ranger Energy Services by 0.4% during the fourth quarter. CSM Advisors LLC now owns 300,849 shares of the company's stock valued at $4,207,000 after buying an additional 1,055 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Ranger Energy Services by 2.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 48,909 shares of the company's stock valued at $838,000 after buying an additional 1,177 shares in the last quarter. Nuveen LLC increased its stake in Ranger Energy Services by 2.0% in the 4th quarter. Nuveen LLC now owns 63,266 shares of the company's stock worth $884,000 after acquiring an additional 1,251 shares during the last quarter. First Trust Advisors LP increased its stake in Ranger Energy Services by 2.8% in the 4th quarter. First Trust Advisors LP now owns 45,567 shares of the company's stock worth $637,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Ranger Energy Services by 16.1% during the 4th quarter. Russell Investments Group Ltd. now owns 9,299 shares of the company's stock valued at $130,000 after acquiring an additional 1,290 shares during 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, 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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