Ranger Energy Services, Inc. (NYSE:RNGR) SVP Sells $95,742.81 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) SVP J. Matt Hooker sold 7,803 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $12.27, for a total transaction of $95,742.81. Following the transaction, the senior vice president now directly owns 92,600 shares in the company, valued at approximately $1,136,202. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

J. Matt Hooker also recently made the following trade(s):

• On Friday, August 23rd, J. Matt Hooker sold 7,803 shares of Ranger Energy Services stock. The shares were sold at an average price of $11.92, for a total value of $93,011.76.

Ranger Energy Services Stock Performance

Shares of NYSE:RNGR opened at $11.94 on Thursday. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $14.64. The stock has a 50-day simple moving average of $11.83 and a 200-day simple moving average of $11.07. The stock has a market capitalization of $265.31 million, a P/E ratio of 17.56 and a beta of 0.49.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Monday, July 29th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. The business had revenue of $138.10 million for the quarter, compared to the consensus estimate of $138.00 million. Ranger Energy Services had a net margin of 2.61% and a return on equity of 5.73%. During the same quarter last year, the firm posted $0.24 EPS.

Ranger Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Friday, August 9th. Ranger Energy Services’s dividend payout ratio is presently 29.41%.

Analysts Set New Price Targets

Several research firms recently weighed in on RNGR. Barclays increased their target price on Ranger Energy Services from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. Piper Sandler dropped their price target on shares of Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, July 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RNGR. Gladius Capital Management LP purchased a new stake in Ranger Energy Services during the 2nd quarter worth $30,000. CWM LLC raised its position in shares of Ranger Energy Services by 60.2% in the 2nd quarter. CWM LLC now owns 3,512 shares of the company’s stock valued at $37,000 after purchasing an additional 1,320 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Ranger Energy Services during the 4th quarter valued at approximately $96,000. Acadian Asset Management LLC acquired a new stake in shares of Ranger Energy Services during the second quarter worth approximately $125,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Ranger Energy Services in the 2nd quarter worth about $134,000. 68.10% of the stock is 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.