Ranger Energy Services, Inc. (NYSE:RNGR) SVP Sells $95,742.81 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) SVP J. Matt Hooker sold 7,803 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $12.27, for a total transaction of $95,742.81. Following the completion of the transaction, the senior vice president now directly owns 92,600 shares in the company, valued at approximately $1,136,202. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, August 23rd, J. Matt Hooker sold 7,803 shares of Ranger Energy Services stock. The stock was sold at an average price of $11.92, for a total value of $93,011.76.

Ranger Energy Services Stock Down 1.7 %

Shares of Ranger Energy Services stock opened at $11.94 on Thursday. Ranger Energy Services, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $14.64. The firm has a market cap of $265.31 million, a price-to-earnings ratio of 17.56 and a beta of 0.49. The business has a fifty day simple moving average of $11.83 and a 200-day simple moving average of $11.07.

Ranger Energy Services (NYSE:RNGR) last posted 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. The firm had revenue of $138.10 million for the quarter, compared to analyst estimates of $138.00 million. Ranger Energy Services had a net margin of 2.61% and a return on equity of 5.73%. During the same quarter in the previous year, the business posted $0.24 earnings per share.

Ranger Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Friday, August 9th. Ranger Energy Services’s payout ratio is 29.41%.

Institutional Trading of Ranger Energy Services

Several large investors have recently added to or reduced their stakes in RNGR. Gladius Capital Management LP purchased a new stake in Ranger Energy Services in the 2nd quarter worth about $30,000. CWM LLC grew its holdings in shares of Ranger Energy Services by 60.2% during the 2nd quarter. CWM LLC now owns 3,512 shares of the company’s stock valued at $37,000 after acquiring an additional 1,320 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Ranger Energy Services during the fourth quarter valued at $96,000. Acadian Asset Management LLC acquired a new position in Ranger Energy Services in the 2nd quarter worth about $125,000. Finally, Hsbc Holdings PLC acquired a new position in Ranger Energy Services in the 2nd quarter worth about $134,000. 68.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on RNGR shares. Barclays increased their price objective on shares of Ranger Energy Services from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, August 16th. Piper Sandler reduced their price target 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 Company 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.