Dynamic Technology Lab Private Ltd Invests $317,000 in Ranger Energy Services, Inc. $RNGR

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,538 shares of the company’s stock, valued at approximately $317,000. Dynamic Technology Lab Private Ltd owned about 0.12% of Ranger Energy Services at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC grew its stake in Ranger Energy Services by 20.3% in the 2nd quarter. CWM LLC now owns 7,035 shares of the company’s stock valued at $84,000 after purchasing an additional 1,185 shares during the period. US Bancorp DE bought a new position in Ranger Energy Services during the first quarter valued at about $25,000. Rhumbline Advisers increased its holdings in Ranger Energy Services by 8.5% during the first quarter. Rhumbline Advisers now owns 24,277 shares of the company’s stock worth $344,000 after buying an additional 1,906 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Ranger Energy Services by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 43,682 shares of the company’s stock worth $620,000 after acquiring an additional 2,001 shares during the period. Finally, Pinnacle Holdings LLC bought a new stake in Ranger Energy Services in the first quarter worth about $29,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RNGR shares. Wall Street Zen lowered shares of Ranger Energy Services from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research lowered Ranger Energy Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ranger Energy Services in a research note on Wednesday, November 19th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Ranger Energy Services Trading Up 0.6%

Shares of NYSE:RNGR opened at $13.21 on Wednesday. The company has a 50-day moving average price of $13.56 and a 200-day moving average price of $12.90. The company has a market cap of $285.47 million, a price-to-earnings ratio of 20.32 and a beta of 0.39. Ranger Energy Services, Inc. has a 12 month low of $10.56 and a 12 month high of $18.45.

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

Ranger Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.24 dividend on an annualized basis and a yield of 1.8%. Ranger Energy Services’s dividend payout ratio (DPR) is presently 36.92%.

Insiders Place Their Bets

In other Ranger Energy Services news, Director Brett T. Agee sold 14,014 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $14.51, for a total transaction of $203,343.14. Following the transaction, the director directly owned 987,791 shares of the company’s stock, valued at approximately $14,332,847.41. The trade was a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 57,403 shares of company stock valued at $830,857 in the last quarter. Insiders own 2.80% 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.