Ranger Energy Services, Inc. (NYSE:RNGR – Get Free Report) declared a quarterly dividend on Monday, October 28th, Zacks reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.05 per share on Friday, November 22nd. This represents a $0.20 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, November 8th.
Ranger Energy Services has a payout ratio of 20.8% indicating that its dividend is sufficiently covered by earnings.
Ranger Energy Services Trading Up 2.5 %
Shares of Ranger Energy Services stock opened at $14.11 on Wednesday. The business’s fifty day simple moving average is $12.28 and its 200 day simple moving average is $11.28. Ranger Energy Services has a 12 month low of $9.27 and a 12 month high of $14.17. The firm has a market capitalization of $313.88 million, a P/E ratio of 21.38 and a beta of 0.49.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on RNGR shares. Piper Sandler dropped their price objective on Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Barclays boosted their price objective 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.
Check Out Our Latest Stock Analysis on Ranger Energy Services
Insider Activity at Ranger Energy Services
In related news, SVP J. Matt Hooker sold 7,803 shares of Ranger Energy Services stock in a transaction on Friday, September 20th. The stock was sold at an average price of $12.27, for a total transaction of $95,742.81. Following the completion of the sale, the senior vice president now owns 92,600 shares of the company’s stock, valued at approximately $1,136,202. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.
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.
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