Brett T. Agee Sells 100,000 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 100,000 shares of Ranger Energy Services stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $16.60, for a total value of $1,660,000.00. Following the sale, the director now directly owns 2,222,794 shares of the company’s stock, valued at $36,898,380.40. This represents a 4.31 % decrease in their position. The transaction was disclosed in a document filed 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 transaction of $1,031,956.35.

Ranger Energy Services Stock Up 1.9 %

Shares of RNGR traded up $0.32 on Monday, hitting $16.82. 227,425 shares of the stock traded hands, compared to its average volume of 125,466. The firm has a market capitalization of $374.25 million, a P/E ratio of 25.49 and a beta of 0.49. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $17.15. The stock’s 50 day moving average is $13.74 and its two-hundred day moving average is $12.04.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. The business had revenue of $153.00 million for the quarter. During the same quarter in the previous year, the firm earned $0.38 earnings per share.

Ranger Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.19%. The ex-dividend date was Friday, November 8th. Ranger Energy Services’s dividend payout ratio is 30.30%.

Wall Street Analyst Weigh In

Separately, Barclays boosted their target price on shares of 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.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Magnolia Capital Advisors LLC acquired a new stake in Ranger Energy Services in the 2nd quarter valued at about $5,337,000. Kestrel Investment Management Corp acquired a new stake in shares of Ranger Energy Services in the second quarter valued at about $1,551,000. AQR Capital Management LLC raised its position in shares of Ranger Energy Services by 33.5% in the 2nd quarter. AQR Capital Management LLC now owns 449,028 shares of the company’s stock worth $4,724,000 after acquiring an additional 112,634 shares in the last quarter. Foundry Partners LLC grew its stake in shares of Ranger Energy Services by 36.3% in the 2nd quarter. Foundry Partners LLC now owns 409,576 shares of the company’s stock valued at $4,309,000 after buying an additional 109,081 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Ranger Energy Services by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 903,789 shares of the company’s stock worth $9,508,000 after acquiring an additional 107,853 shares in the last quarter. Institutional investors own 68.10% of the company’s stock.

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.