Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) Director Brett T. Agee sold 21,729 shares of the firm's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $15.82, for a total value of $343,752.78. Following the sale, the director now directly owns 2,010,135 shares of the company's stock, valued at $31,800,335.70. This represents a 1.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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 shares were sold at an average price of $16.67, for a total transaction of $1,031,956.35.
Ranger Energy Services Trading Down 0.3 %
NYSE:RNGR opened at $15.72 on Wednesday. The stock has a 50 day simple moving average of $14.20 and a 200 day simple moving average of $12.25. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $17.20. The stock has a market cap of $349.77 million, a P/E ratio of 23.82 and a beta of 0.51.
Ranger Energy Services (NYSE:RNGR - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. The company had revenue of $153.00 million during the quarter. During the same period in the previous year, the firm posted $0.38 EPS.
Ranger Energy Services Announces Dividend
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The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 1.27%. Ranger Energy Services's dividend payout ratio is presently 30.30%.
Institutional Investors Weigh In On Ranger Energy Services
Several institutional investors have recently made changes to their positions in RNGR. American Century Companies Inc. raised its holdings in Ranger Energy Services by 29.4% in the 2nd quarter. American Century Companies Inc. now owns 277,403 shares of the company's stock valued at $2,918,000 after acquiring an additional 63,006 shares in the last quarter. Foundry Partners LLC increased its position in shares of Ranger Energy Services by 10.1% in the third quarter. Foundry Partners LLC now owns 450,897 shares of the company's stock worth $5,370,000 after purchasing an additional 41,321 shares during the period. Magnolia Capital Advisors LLC acquired a new position in Ranger Energy Services in the second quarter valued at about $5,337,000. Royce & Associates LP lifted its position in Ranger Energy Services by 5.9% during the third quarter. Royce & Associates LP now owns 981,998 shares of the company's stock worth $11,696,000 after purchasing an additional 54,737 shares during the period. Finally, Quest Partners LLC grew its stake in Ranger Energy Services by 24.4% during the third quarter. Quest Partners LLC now owns 3,687 shares of the company's stock worth $44,000 after buying an additional 723 shares in the last quarter. 68.10% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Barclays upped their price target on shares of Ranger Energy Services from $12.00 to $13.00 and gave the company an "equal weight" rating in a research note on Friday, August 16th.
Read Our Latest Stock Analysis on Ranger Energy Services
Ranger Energy Services Company Profile
(
Get Free Report)
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.
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