Insider Selling: Ranger Energy Services (NYSE:RNGR) VP Sells $193,240.60 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) VP J. Matt Hooker sold 11,620 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $16.63, for a total transaction of $193,240.60. Following the completion of the transaction, the vice president directly owned 87,528 shares in the company, valued at approximately $1,455,590.64. The trade was a 11.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

J. Matt Hooker also recently made the following trade(s):

• On Thursday, July 23rd, J. Matt Hooker sold 1,291 shares of Ranger Energy Services stock. The shares were sold at an average price of $16.50, for a total value of $21,301.50.

Ranger Energy Services Stock Up 0.0%

Ranger Energy Services stock opened at $17.29 on Friday. Ranger Energy Services, Inc. has a 52 week low of $11.88 and a 52 week high of $18.82. The business has a 50-day simple moving average of $15.81 and a 200 day simple moving average of $16.38. The stock has a market cap of $404.66 million, a price-to-earnings ratio of 28.82 and a beta of 0.12.

Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Monday, July 27th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $176.50 million during the quarter, compared to the consensus estimate of $163.93 million. Ranger Energy Services had a return on equity of 4.87% and a net margin of 2.36%. On average, research analysts anticipate that Ranger Energy Services, Inc. will post 1.17 earnings per share for the current year.

Ranger Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 7th. Ranger Energy Services’s dividend payout ratio (DPR) is currently 40.00%.

Analyst Ratings Changes

RNGR has been the subject of a number of research reports. Wall Street Zen raised shares of Ranger Energy Services from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Zacks Research upgraded shares of Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ranger Energy Services in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Ranger Energy Services currently has a consensus rating of “Hold” and a consensus target price of $20.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP lifted its stake in shares of Ranger Energy Services by 51.7% in the 2nd quarter. Quantbot Technologies LP now owns 6,277 shares of the company’s stock valued at $75,000 after acquiring an additional 2,140 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Ranger Energy Services by 97.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,602 shares of the company’s stock worth $79,000 after purchasing an additional 2,758 shares during the period. Copeland Capital Management LLC lifted its position in 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 during the last quarter. Russell Investments Group Ltd. lifted its position in Ranger Energy Services by 46.0% in the third quarter. Russell Investments Group Ltd. now owns 8,009 shares of the company’s stock valued at $112,000 after purchasing an additional 2,525 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Ranger Energy Services during the second quarter valued at approximately $125,000. 68.10% of the stock is owned by institutional investors.

Ranger Energy Services Company Profile

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.