Brett T. Agee Sells 14,014 Shares of Ranger Energy Services (NYSE:RNGR) Stock

Key Points

• Brett Agee, a director at Ranger Energy Services, sold 14,014 shares at an average price of $14.51, resulting in a total value of approximately $203,343, reducing his position by 1.40%.
• Ranger Energy Services shares are currently trading at $13.83, down 3.8%, with a market cap of $302.05 million and a price-to-earnings ratio of 14.23.
• The company announced a quarterly dividend of $0.06 per share, representing an annual yield of 1.7%, and a payout ratio of 24.24%.

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) Director Brett T. Agee sold 14,014 shares of the firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $14.51, for a total value of $203,343.14. Following the transaction, the director directly owned 987,791 shares in the company, valued at approximately $14,332,847.41. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Ranger Energy Services Price Performance

Ranger Energy Services stock traded up $0.09 during trading hours on Monday, reaching $13.81. The company had a trading volume of 185,290 shares, compared to its average volume of 171,744. The company has a 50-day moving average price of $13.20 and a 200 day moving average price of $12.71. The firm has a market cap of $301.57 million, a price-to-earnings ratio of 13.95 and a beta of 0.45. Ranger Energy Services, Inc. has a 12-month low of $10.56 and a 12-month high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.08. The business had revenue of $140.60 million for 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%.

Ranger Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 8th. Ranger Energy Services's payout ratio is 24.24%.

Analysts Set New Price Targets

A number of brokerages have commented on RNGR. Zacks Research raised Ranger Energy Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 12th. Wall Street Zen raised Ranger Energy Services from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Finally, Piper Sandler began coverage on Ranger Energy Services in a research note on Monday, July 14th. They set a "neutral" rating and a $13.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $13.00.

Institutional Investors Weigh In On Ranger Energy Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in Ranger Energy Services in the first quarter worth $25,000. Pinnacle Holdings LLC purchased a new stake in Ranger Energy Services in the first quarter worth $29,000. CWM LLC grew its stake in Ranger Energy Services by 28.3% in the first 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 stake in Ranger Energy Services in the fourth quarter worth $92,000. Finally, Quantbot Technologies LP grew its stake in Ranger Energy Services by 51.7% in the second quarter. Quantbot Technologies LP now owns 6,277 shares of the company's stock worth $75,000 after purchasing an additional 2,140 shares during the period. 68.10% of the stock is owned by hedge funds and other 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.