Quest Partners LLC Acquires 723 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Quest Partners LLC boosted its holdings in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 24.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,687 shares of the company’s stock after buying an additional 723 shares during the period. Quest Partners LLC’s holdings in Ranger Energy Services were worth $44,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Gladius Capital Management LP bought a new stake in shares of Ranger Energy Services during the 2nd quarter worth about $30,000. CWM LLC lifted its holdings 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. Copeland Capital Management LLC bought a new stake in Ranger Energy Services during the third quarter worth approximately $51,000. Acadian Asset Management LLC acquired a new position in Ranger Energy Services during the second quarter valued at approximately $125,000. Finally, Hsbc Holdings PLC acquired a new position in Ranger Energy Services during the second quarter valued at approximately $134,000. 68.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays boosted 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.

Insider Activity

In related news, Director Brett T. Agee sold 8,236 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $16.73, for a total value of $137,788.28. Following the completion of the transaction, the director now directly owns 2,350,664 shares of the company’s stock, valued at $39,326,608.72. This trade represents a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brett T. Agee sold 61,905 shares of Ranger Energy Services stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $16.67, for a total transaction of $1,031,956.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 169,432 shares of company stock valued at $2,791,507. Insiders own 3.00% of the company’s stock.

Ranger Energy Services Price Performance

Shares of NYSE:RNGR opened at $16.50 on Friday. The company has a market cap of $367.04 million, a price-to-earnings ratio of 25.00 and a beta of 0.49. The business has a 50 day moving average price of $13.65 and a 200 day moving average price of $11.99. Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $17.15.

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

Ranger Energy Services Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.21%. Ranger Energy Services’s dividend payout ratio is 30.30%.

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.