Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Down 14.3% in January

Ranger Energy Services, Inc. (NYSE:RNGR) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 251,200 shares, a decline of 14.3% from the December 31st total of 293,200 shares. Based on an average trading volume of 158,000 shares, the days-to-cover ratio is presently 1.6 days.

Insiders Place Their Bets

In other Ranger Energy Services news, Director Brett T. Agee sold 61,905 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $16.67, for a total transaction of $1,031,956.35. Following the completion of the sale, the director now owns 31,905 shares of the company’s stock, valued at $531,856.35. This represents a 65.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brett T. Agee sold 91,488 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now owns 2,446,155 shares in the company, valued at $40,801,865.40. This represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 415,836 shares of company stock worth $6,863,316. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ranger Energy Services

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC lifted its holdings in shares of Ranger Energy Services by 24.4% in 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 in the last quarter. Copeland Capital Management LLC acquired a new position in Ranger Energy Services during the third quarter worth approximately $51,000. SG Americas Securities LLC acquired a new position in Ranger Energy Services during the third quarter worth approximately $147,000. Hsbc Holdings PLC acquired a new position in Ranger Energy Services during the second quarter worth approximately $134,000. Finally, Barclays PLC increased its position in Ranger Energy Services by 82.9% during the third quarter. Barclays PLC now owns 33,404 shares of the company’s stock worth $398,000 after buying an additional 15,139 shares during the last quarter. 68.10% of the stock is owned by institutional investors.

Ranger Energy Services Stock Down 4.6 %

NYSE:RNGR opened at $16.40 on Monday. The firm has a market cap of $364.79 million, a PE ratio of 24.84 and a beta of 0.55. Ranger Energy Services has a 12 month low of $9.27 and a 12 month high of $18.10. The company’s 50-day moving average price is $16.12 and its two-hundred day moving average price is $13.81.

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.