Insider Selling: Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells 19,209 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 19,209 shares of Ranger Energy Services stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $15.30, for a total transaction of $293,897.70. Following the completion of the sale, the director now owns 1,843,999 shares of the company’s stock, valued at approximately $28,213,184.70. The trade was a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 stock was sold at an average price of $16.67, for a total value of $1,031,956.35.

Ranger Energy Services Stock Performance

NYSE:RNGR opened at $14.58 on Thursday. The company has a market cap of $324.33 million, a price-to-earnings ratio of 22.09 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. The stock has a fifty day moving average price of $14.65 and a 200-day moving average price of $12.48.

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, topping the consensus estimate 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 business had revenue of $153.00 million during the quarter. During the same period in the prior year, the company earned $0.38 EPS.

Ranger Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 1.37%. Ranger Energy Services’s dividend payout ratio is 30.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RNGR. Barclays PLC boosted its holdings in shares of Ranger Energy Services by 82.9% in the 3rd quarter. Barclays PLC now owns 33,404 shares of the company’s stock valued at $398,000 after purchasing an additional 15,139 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Ranger Energy Services by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 351,793 shares of the company’s stock worth $4,190,000 after buying an additional 11,921 shares during the last quarter. State Street Corp boosted its stake in Ranger Energy Services by 2.5% in the third quarter. State Street Corp now owns 323,244 shares of the company’s stock valued at $3,850,000 after buying an additional 8,008 shares in the last quarter. JB Capital Partners LP grew its position in Ranger Energy Services by 46.3% in the third quarter. JB Capital Partners LP now owns 36,576 shares of the company’s stock valued at $434,000 after acquiring an additional 11,576 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in Ranger Energy Services by 10.1% during the third quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock worth $5,370,000 after acquiring an additional 41,321 shares in the last quarter. 68.10% of the stock is owned by 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.