Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $2,395,100.00 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Charles S. Leykum sold 215,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $11.14, for a total transaction of $2,395,100.00. Following the completion of the transaction, the director now directly owns 3,754,000 shares of the company’s stock, valued at $41,819,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ranger Energy Services Trading Up 1.2 %

Shares of NYSE RNGR opened at $11.29 on Friday. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $14.64. The company has a market cap of $255.83 million, a PE ratio of 11.76 and a beta of 0.61. The company has a 50-day moving average of $10.51 and a two-hundred day moving average of $11.17.

Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.24). Ranger Energy Services had a return on equity of 8.67% and a net margin of 3.74%. The company had revenue of $151.50 million during the quarter, compared to the consensus estimate of $151.00 million. During the same period in the prior year, the firm posted $0.30 earnings per share. As a group, equities research analysts forecast that Ranger Energy Services, Inc. will post 1.1 earnings per share for the current year.

Ranger Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, March 14th. Ranger Energy Services’s dividend payout ratio is 20.83%.

Institutional Investors Weigh In On Ranger Energy Services

Institutional investors have recently modified their holdings of the business. Copeland Capital Management LLC acquired a new stake in shares of Ranger Energy Services during the 4th quarter worth approximately $29,000. UBS Group AG acquired a new stake in shares of Ranger Energy Services during the 1st quarter worth approximately $29,000. Barclays PLC grew its position in shares of Ranger Energy Services by 120.8% during the 2nd quarter. Barclays PLC now owns 3,138 shares of the company’s stock worth $33,000 after buying an additional 1,717 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Ranger Energy Services by 425.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,934 shares of the company’s stock worth $40,000 after buying an additional 3,186 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Ranger Energy Services during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 68.10% of the company’s stock.

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.