American Century Companies Inc. Increases Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

American Century Companies Inc. increased its stake in Ranger Energy Services, Inc. (NYSE:RNGR) by 29.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 277,403 shares of the company’s stock after buying an additional 63,006 shares during the quarter. American Century Companies Inc.’s holdings in Ranger Energy Services were worth $2,918,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Gendell Jeffrey L grew its position in Ranger Energy Services by 409.6% during the first quarter. Gendell Jeffrey L now owns 538,190 shares of the company’s stock worth $6,076,000 after buying an additional 432,570 shares in the last quarter. Foundry Partners LLC grew its position in Ranger Energy Services by 36.3% during the second quarter. Foundry Partners LLC now owns 409,576 shares of the company’s stock worth $4,309,000 after buying an additional 109,081 shares in the last quarter. Koss Olinger Consulting LLC purchased a new position in Ranger Energy Services during the second quarter worth about $484,000. BNP Paribas Financial Markets grew its position in Ranger Energy Services by 683.6% during the fourth quarter. BNP Paribas Financial Markets now owns 51,524 shares of the company’s stock worth $527,000 after buying an additional 44,949 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Ranger Energy Services by 74.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 100,854 shares of the company’s stock worth $1,139,000 after buying an additional 43,177 shares in the last quarter. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP J. Matt Hooker sold 7,803 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $12.27, for a total value of $95,742.81. Following the completion of the sale, the senior vice president now owns 92,600 shares of the company’s stock, valued at approximately $1,136,202. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Ranger Energy Services Stock Up 2.4 %

Shares of RNGR stock opened at $11.71 on Friday. The business has a 50-day moving average price of $11.85 and a two-hundred day moving average price of $11.07. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $14.64. The firm has a market cap of $260.20 million, a P/E ratio of 17.22 and a beta of 0.49.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.15. Ranger Energy Services had a return on equity of 5.73% and a net margin of 2.61%. The firm had revenue of $138.10 million during the quarter, compared to analyst estimates of $138.00 million. During the same quarter in the previous year, the company posted $0.24 earnings per share.

Ranger Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, August 9th. Ranger Energy Services’s dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analyst Weigh In

Several research firms recently commented on RNGR. Barclays boosted their target price on Ranger Energy Services from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. Piper Sandler reduced their target price on Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, July 15th.

Ranger Energy Services 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.