Ranger Energy Services, Inc. (NYSE:RNGR) Declares $0.05 Quarterly Dividend

Ranger Energy Services, Inc. (NYSE:RNGR) announced a quarterly dividend on Monday, October 28th, Zacks reports. Investors of record on Friday, November 8th will be paid a dividend of 0.05 per share on Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, November 8th.

Ranger Energy Services has a payout ratio of 20.8% meaning its dividend is sufficiently covered by earnings.

Ranger Energy Services Trading Up 2.5 %

NYSE:RNGR opened at $14.11 on Wednesday. Ranger Energy Services has a 12 month low of $9.27 and a 12 month high of $14.17. The company has a 50-day moving average price of $12.28 and a 200-day moving average price of $11.28. The stock has a market cap of $313.88 million, a price-to-earnings ratio of 21.38 and a beta of 0.49.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share 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 business had revenue of $153.00 million for the quarter. During the same quarter last year, the company posted $0.38 EPS.

Analyst Upgrades and Downgrades

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

Insider Activity at Ranger Energy Services

In other news, SVP J. Matt Hooker sold 7,803 shares of Ranger Energy Services stock in a transaction that occurred on Friday, September 20th. The shares were 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 directly owns 92,600 shares in the company, valued at $1,136,202. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by insiders.

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.