Insider Selling: Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $477,876.32 in Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 30,791 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.52, for a total value of $477,876.32. Following the completion of the transaction, the director now directly owns 1,863,208 shares of the company’s stock, valued at approximately $28,916,988.16. This trade represents a 1.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 Price Performance

Shares of RNGR opened at $14.58 on Thursday. The firm has a market cap of $324.33 million, a P/E ratio of 22.09 and a beta of 0.51. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $17.20. The company has a 50 day simple moving average of $14.65 and a two-hundred day simple moving average of $12.48.

Ranger Energy Services (NYSE:RNGR) last posted its earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.10. The company had revenue of $153.00 million during the quarter. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. During the same period in the previous year, the business posted $0.38 earnings per share.

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.05 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 1.37%. Ranger Energy Services’s dividend payout ratio (DPR) is 30.30%.

Hedge Funds Weigh In On Ranger Energy Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Ranger Energy Services by 29.4% in the 2nd quarter. American Century Companies Inc. now owns 277,403 shares of the company’s stock worth $2,918,000 after acquiring an additional 63,006 shares during the last quarter. Foundry Partners LLC grew its holdings in shares of Ranger Energy Services by 10.1% in the third quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock valued at $5,370,000 after purchasing an additional 41,321 shares in the last quarter. Magnolia Capital Advisors LLC bought a new stake in Ranger Energy Services in the second quarter worth $5,337,000. Royce & Associates LP raised its stake in Ranger Energy Services by 5.9% during the third quarter. Royce & Associates LP now owns 981,998 shares of the company’s stock valued at $11,696,000 after purchasing an additional 54,737 shares in the last quarter. Finally, Quest Partners LLC lifted its position in Ranger Energy Services by 24.4% during the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after purchasing an additional 723 shares during the last quarter. 68.10% of the stock is owned by institutional investors.

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.