Short Interest in Ranger Energy Services, Inc. (NYSE:RNGR) Drops By 17.0%

Ranger Energy Services, Inc. (NYSE:RNGR) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 162,700 shares, a decline of 17.0% from the February 13th total of 196,100 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 133,000 shares, the short-interest ratio is currently 1.2 days.

Insider Activity at Ranger Energy Services

In related news, Director Brett T. Agee sold 30,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total value of $438,300.00. Following the sale, the director now directly owns 1,803,539 shares in the company, valued at approximately $26,349,704.79. The trade was a 1.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is owned by insiders.

Institutional Trading of Ranger Energy Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PharVision Advisers LLC purchased a new stake in Ranger Energy Services during the fourth quarter worth about $245,000. Squarepoint Ops LLC purchased a new stake in Ranger Energy Services during the fourth quarter worth about $429,000. Two Sigma Advisers LP increased its stake in Ranger Energy Services by 49.4% during the fourth quarter. Two Sigma Advisers LP now owns 34,500 shares of the company’s stock worth $534,000 after purchasing an additional 11,400 shares during the period. Two Sigma Investments LP increased its stake in Ranger Energy Services by 60.2% during the fourth quarter. Two Sigma Investments LP now owns 77,056 shares of the company’s stock worth $1,193,000 after purchasing an additional 28,965 shares during the period. Finally, Man Group plc acquired a new position in shares of Ranger Energy Services during the fourth quarter worth about $887,000. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Ranger Energy Services Stock Down 0.4 %

NYSE:RNGR traded down $0.05 on Tuesday, reaching $14.19. 120,510 shares of the company’s stock were exchanged, compared to its average volume of 110,912. The firm has a market capitalization of $315.63 million, a price-to-earnings ratio of 21.50 and a beta of 0.56. The business has a fifty day moving average of $16.57 and a 200-day moving average of $14.82. Ranger Energy Services has a 52-week low of $9.27 and a 52-week high of $18.45.

Ranger Energy Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Ranger Energy Services’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 1.69%. Ranger Energy Services’s dividend payout ratio is 29.27%.

About Ranger Energy Services

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.