Insider Selling: Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells 21,729 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 21,729 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $15.82, for a total value of $343,752.78. Following the sale, the director now owns 2,010,135 shares in the company, valued at $31,800,335.70. The trade was a 1.07 % decrease in their position. The sale was disclosed in a legal filing 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 shares were sold at an average price of $16.67, for a total value of $1,031,956.35.

Ranger Energy Services Price Performance

Shares of NYSE:RNGR traded down $0.05 during midday trading on Tuesday, reaching $15.72. The company’s stock had a trading volume of 233,690 shares, compared to its average volume of 128,176. The business’s fifty day simple moving average is $14.20 and its 200-day simple moving average is $12.25. The company has a market capitalization of $349.77 million, a P/E ratio of 23.82 and a beta of 0.51. Ranger Energy Services, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $17.20.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The firm had revenue of $153.00 million during 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 previous year, the business earned $0.38 earnings per share.

Ranger Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 1.27%. Ranger Energy Services’s payout ratio is 30.30%.

Analyst Upgrades and Downgrades

Separately, Barclays raised their target price on 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.

Institutional Trading of Ranger Energy Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in Ranger Energy Services in the second quarter worth about $30,000. CWM LLC grew its position in shares of Ranger Energy Services by 60.2% during the 2nd quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after buying an additional 1,320 shares during the period. Quest Partners LLC grew its position in shares of Ranger Energy Services by 24.4% during the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after buying an additional 723 shares during the period. Copeland Capital Management LLC acquired a new position in shares of Ranger Energy Services during the 3rd quarter worth about $51,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Ranger Energy Services during the 2nd quarter worth about $125,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

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.