Ranger Energy Services (NYSE:RNGR) Posts Earnings Results

Ranger Energy Services (NYSE:RNGR) announced its earnings results on Monday. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.15, Zacks reports. Ranger Energy Services had a net margin of 2.61% and a return on equity of 5.68%. The firm had revenue of $138.10 million for the quarter, compared to analyst estimates of $138.00 million. During the same quarter in the prior year, the business posted $0.24 EPS.

Ranger Energy Services Price Performance

Shares of NYSE RNGR traded down $0.22 during trading hours on Thursday, hitting $12.75. 23,871 shares of the stock were exchanged, compared to its average volume of 145,391. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.90 and a current ratio of 2.01. The company has a market cap of $291.72 million, a PE ratio of 19.07 and a beta of 0.51. The company’s fifty day simple moving average is $10.56 and its two-hundred day simple moving average is $10.58. Ranger Energy Services has a 1-year low of $9.27 and a 1-year high of $14.64.

Ranger Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.57%. Ranger Energy Services’s payout ratio is presently 29.41%.

Insider Buying and Selling

In other news, CFO Melissa Cougle purchased 7,500 shares of Ranger Energy Services stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of $9.60 per share, for a total transaction of $72,000.00. Following the transaction, the chief financial officer now owns 71,842 shares of the company’s stock, valued at approximately $689,683.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their target price on shares of Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th.

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.