Ranger Energy Services (NYSE:RNGR) Stock Falls 1.6% – Time to Sell?

Ranger Energy Services, Inc. (NYSE:RNGR)’s share price fell 1.6% during trading on Friday. The stock traded as low as $14.76 and last traded at $15.00. 159,580 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 147,291 shares. The stock had previously closed at $15.24.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Ranger Energy Services in a report on Monday, September 21st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.00.

Ranger Energy Services Stock Performance

The stock has a 50 day moving average of $15.78 and a 200-day moving average of $16.21. The firm has a market capitalization of $351 million, a P/E ratio of 25.00 and a beta of 0.27.

Insider Transactions at Ranger Energy Services

In other news, CEO Stuart Bodden sold 95,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $17.16, for a total value of $1,630,200.00. Following the sale, the chief executive officer owned 273,800 shares of the company’s stock, valued at $4,698,408. The trade was a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP J. Hooker sold 11,620 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $16.63, for a total transaction of $193,240.60. Following the completion of the sale, the vice president directly owned 87,528 shares in the company, valued at approximately $1,455,590.64. This trade represents a 11.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Ranger Energy Services during the second quarter worth $46,000. Signaturefd LLC boosted its holdings in shares of Ranger Energy Services by 342.8% in the third quarter. Signaturefd LLC now owns 4,720 shares of the company’s stock worth $72,000 after acquiring an additional 3,654 shares during the period. Copeland Capital Management LLC grew its position in shares of Ranger Energy Services by 43.3% in the first quarter. Copeland Capital Management LLC now owns 5,766 shares of the company’s stock valued at $99,000 after purchasing an additional 1,741 shares in the last quarter. Globeflex Capital L P purchased a new position in shares of Ranger Energy Services in the second quarter valued at $173,000. Finally, Vise Technologies Inc. grew its position in shares of Ranger Energy Services by 6.0% in the third quarter. Vise Technologies Inc. now owns 16,036 shares of the company’s stock valued at $244,000 after purchasing an additional 913 shares in the last quarter. 68.10% of the stock is owned by institutional investors.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc is an oilfield services company that supports the development, maintenance and production of oil and natural gas wells. The company primarily serves the onshore U.S. energy market, providing services throughout the life cycle of mature and producing wells.

Its operations include well servicing, workover and completion services, wireline and electric-line services, and equipment rental. Ranger’s well-servicing business uses a fleet of rigs to perform activities such as well maintenance, recompletions, remedial work and plugging and abandonment.