Brett T. Agee Sells 91,488 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 91,488 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.68, for a total transaction of $1,526,019.84. Following the transaction, the director now owns 2,446,155 shares in the company, valued at approximately $40,801,865.40. The trade was a 3.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Brett T. Agee also recently made the following trade(s):

• On Thursday, November 21st, Brett T. Agee sold 61,905 shares of Ranger Energy Services stock. The stock was sold at an average price of $16.67, for a total value of $1,031,956.35.

Ranger Energy Services Stock Performance

Shares of RNGR stock opened at $16.63 on Wednesday. The firm has a fifty day moving average of $13.39 and a 200-day moving average of $11.87. Ranger Energy Services, Inc. has a 52-week low of $9.27 and a 52-week high of $17.15. The stock has a market cap of $370.02 million, a price-to-earnings ratio of 25.20 and a beta of 0.49.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. The firm had revenue of $153.00 million during the quarter. During the same quarter in the prior year, the business earned $0.38 EPS.

Ranger Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, November 8th. Ranger Energy Services’s dividend payout ratio is 30.30%.

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their price objective on Ranger Energy Services from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, August 16th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Gladius Capital Management LP bought a new stake in shares of Ranger Energy Services in the 2nd quarter worth about $30,000. CWM LLC grew its stake in Ranger Energy Services by 60.2% during the second quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after buying an additional 1,320 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Ranger Energy Services by 24.4% during the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after buying an additional 723 shares in the last quarter. Copeland Capital Management LLC bought a new position in shares of Ranger Energy Services in the third quarter valued at approximately $51,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Ranger Energy Services in the 2nd quarter worth approximately $125,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

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.