Ranger Energy Services, Inc. (NYSE:RNGR) Declares $0.05 Quarterly Dividend

Ranger Energy Services, Inc. (NYSE:RNGR) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, May 17th will be paid a dividend of 0.05 per share on Friday, May 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, May 16th.

Ranger Energy Services has a payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ranger Energy Services to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.9%.

Ranger Energy Services Stock Up 2.2 %

Shares of NYSE:RNGR traded up $0.22 during trading on Wednesday, hitting $10.20. 26,872 shares of the company were exchanged, compared to its average volume of 178,644. Ranger Energy Services has a 1-year low of $9.27 and a 1-year high of $14.64. The company has a market capitalization of $231.13 million, a P/E ratio of 10.40 and a beta of 0.66. The business’s 50 day moving average is $10.99 and its 200-day moving average is $10.64.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings data 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). The firm had revenue of $151.50 million for the quarter, compared to the consensus estimate of $151.00 million. Ranger Energy Services had a return on equity of 8.67% and a net margin of 3.74%. During the same quarter in the prior year, the firm earned $0.30 EPS. As a group, sell-side analysts anticipate that Ranger Energy Services will post 0.84 earnings per share for the current year.

Insider Activity at Ranger Energy Services

In other Ranger Energy Services news, Director Charles S. Leykum sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $11.40, for a total transaction of $285,000.00. Following the sale, the director now directly owns 3,969,000 shares of the company’s stock, valued at approximately $45,246,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ranger Energy Services news, Director Charles S. Leykum sold 25,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $11.40, for a total value of $285,000.00. Following the sale, the director now owns 3,969,000 shares in the company, valued at approximately $45,246,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles S. Leykum sold 132,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $11.08, for a total transaction of $1,462,560.00. Following the sale, the director now directly owns 3,562,000 shares of the company’s stock, valued at approximately $39,466,960. The disclosure for this sale can be found here. Insiders sold a total of 378,000 shares of company stock worth $4,212,500 in the last quarter. 2.00% of the stock is owned by insiders.

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.