Ranger Energy Services, Inc. $RNGR Holdings Raised by UBS Group AG

UBS Group AG increased its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 106.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,044 shares of the company’s stock after buying an additional 92,299 shares during the quarter. UBS Group AG owned about 0.83% of Ranger Energy Services worth $2,503,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC bought a new position in Ranger Energy Services during the 3rd quarter worth $968,000. Hillsdale Investment Management Inc. grew its stake in Ranger Energy Services by 21.2% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 465,148 shares of the company’s stock worth $6,531,000 after buying an additional 81,298 shares during the last quarter. Acuitas Investments LLC grew its stake in Ranger Energy Services by 52.8% during the 3rd quarter. Acuitas Investments LLC now owns 226,479 shares of the company’s stock worth $3,180,000 after buying an additional 78,259 shares during the last quarter. Vanguard Group Inc. grew its stake in Ranger Energy Services by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 845,875 shares of the company’s stock worth $11,876,000 after buying an additional 13,970 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in Ranger Energy Services by 2.0% during the 3rd quarter. Bridgeway Capital Management LLC now owns 423,370 shares of the company’s stock worth $5,944,000 after buying an additional 8,449 shares during the last quarter. 68.10% of the stock is currently owned by institutional investors.

Ranger Energy Services Stock Up 0.4%

Shares of Ranger Energy Services stock opened at $16.27 on Wednesday. The firm has a market cap of $386.61 million, a price-to-earnings ratio of 25.83 and a beta of 0.15. The business has a fifty day simple moving average of $16.93 and a 200-day simple moving average of $15.65. Ranger Energy Services, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $18.82.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $159.10 million during the quarter, compared to analyst estimates of $156.20 million. Ranger Energy Services had a net margin of 2.58% and a return on equity of 5.12%. Analysts anticipate that Ranger Energy Services, Inc. will post 1.13 earnings per share for the current fiscal year.

Ranger Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a $0.06 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.24 annualized dividend and a dividend yield of 1.5%. Ranger Energy Services’s dividend payout ratio is 38.10%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RNGR. Weiss Ratings reissued a “hold (c)” rating on shares of Ranger Energy Services in a research note on Friday, March 27th. Zacks Research cut Ranger Energy Services from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Piper Sandler increased their price target on Ranger Energy Services from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen raised Ranger Energy Services from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.00.

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.