Ranger Energy Services, Inc. (NYSE:RNGR) Plans Quarterly Dividend of $0.06

Ranger Energy Services, Inc. (NYSE:RNGR) declared a quarterly dividend on Monday, April 27th. Investors of record on Friday, May 8th will be paid a dividend of 0.06 per share on Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 8th.

Ranger Energy Services has a payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ranger Energy Services to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 13.5%.

Ranger Energy Services Stock Up 0.2%

Shares of NYSE:RNGR opened at $18.35 on Tuesday. The stock has a market cap of $432.14 million, a PE ratio of 33.98 and a beta of 0.17. The company’s fifty day moving average is $17.10 and its 200 day moving average is $15.22. Ranger Energy Services has a 52 week low of $10.56 and a 52 week high of $18.82.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Monday, April 27th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The business had revenue of $159.10 million during the quarter, compared to analysts’ expectations of $154.80 million. Ranger Energy Services had a return on equity of 4.54% and a net margin of 2.25%. Sell-side analysts anticipate that Ranger Energy Services will post 1.63 EPS for the current year.

About Ranger Energy Services

Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.

Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.