Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee Sells 27,870 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 27,870 shares of Ranger Energy Services stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $16.52, for a total transaction of $460,412.40. Following the transaction, the director now directly owns 2,322,794 shares in the company, valued at approximately $38,372,556.88. This trade represents a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 Stock Performance

Ranger Energy Services stock opened at $16.82 on Tuesday. The firm has a market capitalization of $374.25 million, a PE ratio of 25.49 and a beta of 0.49. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $17.15. The stock’s 50 day moving average price is $13.74 and its 200 day moving average price is $12.04.

Ranger Energy Services (NYSE:RNGR) last posted its earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping 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 business had revenue of $153.00 million for the quarter. During the same period in the previous year, the firm posted $0.38 earnings per share.

Ranger Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid 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 1.19%. Ranger Energy Services’s dividend payout ratio is presently 30.30%.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their price target on Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, August 16th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Gladius Capital Management LP acquired a new stake in Ranger Energy Services during the 2nd quarter valued at approximately $30,000. CWM LLC grew its position in shares of Ranger Energy Services by 60.2% during the second quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after buying an additional 1,320 shares in the last quarter. Quest Partners LLC increased its stake in shares of Ranger Energy Services by 24.4% in 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 during the last quarter. Copeland Capital Management LLC acquired a new stake in Ranger Energy Services in the third quarter valued at $51,000. Finally, Acadian Asset Management LLC bought a new position in Ranger Energy Services during the 2nd quarter valued at $125,000. Institutional investors and hedge funds own 68.10% of the company’s stock.

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.