Brett T. Agee Sells 8,236 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 8,236 shares of Ranger Energy Services stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $16.73, for a total transaction of $137,788.28. Following the completion of the sale, the director now owns 2,350,664 shares in the company, valued at $39,326,608.72. The trade was a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 shares were sold at an average price of $16.67, for a total value of $1,031,956.35.

Ranger Energy Services Trading Down 1.0 %

NYSE RNGR opened at $16.50 on Thursday. The firm’s fifty day moving average price is $13.48 and its two-hundred day moving average price is $11.90. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $17.15. The firm has a market capitalization of $367.04 million, a P/E ratio of 25.00 and a beta of 0.49.

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, beating analysts’ consensus estimates of $0.29 by $0.10. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. The company had revenue of $153.00 million for the quarter. During the same period in the previous year, the company posted $0.38 earnings per share.

Ranger Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.21%. Ranger Energy Services’s payout ratio is 30.30%.

Analysts Set New Price Targets

Separately, Barclays increased their price target on Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Quest Partners LLC lifted its holdings in Ranger Energy Services by 24.4% during the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after purchasing an additional 723 shares during the last quarter. CWM LLC raised its position in shares of Ranger Energy Services by 60.2% in the second quarter. CWM LLC now owns 3,512 shares of the company’s stock valued at $37,000 after purchasing an additional 1,320 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Ranger Energy Services by 4.2% during the 2nd quarter. Victory Capital Management Inc. now owns 38,834 shares of the company’s stock worth $409,000 after buying an additional 1,576 shares during the last quarter. Gladius Capital Management LP bought a new stake in shares of Ranger Energy Services during the 2nd quarter worth about $30,000. Finally, Rhumbline Advisers grew its stake in Ranger Energy Services by 18.1% in the 2nd quarter. Rhumbline Advisers now owns 23,034 shares of the company’s stock valued at $242,000 after buying an additional 3,528 shares during the last quarter. 68.10% of the stock is owned by institutional investors and hedge funds.

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.