Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee Sells 91,488 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 91,488 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.68, for a total value of $1,526,019.84. Following the sale, the director now owns 2,446,155 shares in the company, valued at approximately $40,801,865.40. The trade was a 3.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Brett T. Agee also recently made the following trade(s):

• On Thursday, November 21st, Brett T. Agee sold 61,905 shares of Ranger Energy Services stock. The stock was sold at an average price of $16.67, for a total transaction of $1,031,956.35.

Ranger Energy Services Trading Down 2.0 %

NYSE:RNGR opened at $16.50 on Tuesday. The business’s fifty day moving average price is $13.30 and its 200 day moving average price is $11.82. The firm has a market capitalization of $367.13 million, a price-to-earnings ratio of 25.00 and a beta of 0.49. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $17.15.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The company had revenue of $153.00 million for the quarter. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. During the same quarter in the prior year, the company earned $0.38 EPS.

Ranger Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 1.21%. Ranger Energy Services’s payout ratio is 30.30%.

Analyst Ratings Changes

Separately, Barclays raised their price objective on shares of Ranger Energy Services from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th.

Hedge Funds Weigh In On Ranger Energy Services

Several institutional investors and hedge funds have recently modified their holdings of RNGR. Vanguard Group Inc. raised its holdings in shares of Ranger Energy Services by 0.8% during the first quarter. Vanguard Group Inc. now owns 704,514 shares of the company’s stock worth $7,954,000 after acquiring an additional 5,869 shares in the last quarter. CWM LLC increased its position in Ranger Energy Services by 60.2% in the 2nd quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after purchasing an additional 1,320 shares during the last quarter. Gladius Capital Management LP purchased a new stake in shares of Ranger Energy Services during the 2nd quarter worth about $30,000. Bank of New York Mellon Corp lifted its holdings in shares of Ranger Energy Services by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 220,488 shares of the company’s stock valued at $2,320,000 after buying an additional 8,798 shares during the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of Ranger Energy Services by 27.9% in the 2nd quarter. Ritholtz Wealth Management now owns 48,406 shares of the company’s stock valued at $509,000 after buying an additional 10,560 shares in the last quarter. 68.10% of the stock is currently 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.