Ranger Energy Services, Inc. $RNGR Shares Purchased by Inspire Advisors LLC

Inspire Advisors LLC boosted its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 41.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,774 shares of the company’s stock after purchasing an additional 9,670 shares during the period. Inspire Advisors LLC owned approximately 0.15% of Ranger Energy Services worth $391,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. CSM Advisors LLC acquired a new stake in shares of Ranger Energy Services during the 2nd quarter worth $3,691,000. Jacobs Levy Equity Management Inc. acquired a new position in Ranger Energy Services in the first quarter valued at $2,143,000. Nuveen LLC purchased a new stake in Ranger Energy Services during the first quarter valued at about $1,776,000. American Century Companies Inc. increased its stake in Ranger Energy Services by 18.0% during the first quarter. American Century Companies Inc. now owns 482,372 shares of the company’s stock worth $6,845,000 after acquiring an additional 73,445 shares during the last quarter. Finally, State of Wyoming increased its stake in Ranger Energy Services by 1,253.7% during the first quarter. State of Wyoming now owns 38,526 shares of the company’s stock worth $547,000 after acquiring an additional 35,680 shares during the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.

Insider Buying and Selling at Ranger Energy Services

In related news, Director Brett T. Agee sold 14,014 shares of Ranger Energy Services stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $14.51, for a total value of $203,343.14. Following the completion of the sale, the director owned 987,791 shares in the company, valued at approximately $14,332,847.41. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 57,403 shares of company stock worth $830,857 over the last three months. 2.80% of the stock is currently owned by company insiders.

Ranger Energy Services Stock Performance

RNGR stock opened at $13.50 on Thursday. The firm has a market cap of $294.77 million, a P/E ratio of 20.76 and a beta of 0.39. Ranger Energy Services, Inc. has a 1 year low of $10.56 and a 1 year high of $18.45. The stock has a 50-day simple moving average of $13.65 and a 200-day simple moving average of $12.84.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings results on Monday, November 10th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.33). The company had revenue of $128.90 million during the quarter, compared to analysts’ expectations of $141.00 million. Ranger Energy Services had a return on equity of 5.60% and a net margin of 2.72%.

Ranger Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, November 21st. Ranger Energy Services’s dividend payout ratio is 36.92%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RNGR. Weiss Ratings cut Ranger Energy Services from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, November 13th. Wall Street Zen cut shares of Ranger Energy Services from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Zacks Research downgraded shares of Ranger Energy Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Ranger Energy Services currently has an average rating of “Hold” and a consensus target price of $13.00.

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.