Brett T. Agee Sells 30,791 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 30,791 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $15.52, for a total value of $477,876.32. Following the sale, the director now directly owns 1,863,208 shares in the company, valued at $28,916,988.16. The trade was a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 Stock Performance

NYSE:RNGR opened at $14.93 on Wednesday. The stock’s fifty day moving average is $14.60 and its 200 day moving average is $12.47. The firm has a market capitalization of $332.12 million, a PE ratio of 22.62 and a beta of 0.51. Ranger Energy Services, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $17.20.

Ranger Energy Services (NYSE:RNGR) last announced 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. 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 period in the prior year, the company posted $0.38 EPS.

Ranger Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Friday, November 8th. Ranger Energy Services’s payout ratio is currently 30.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. CWM LLC lifted its stake 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 worth $37,000 after acquiring an additional 1,320 shares during the last quarter. Quest Partners LLC lifted its position in shares of Ranger Energy Services by 24.4% during the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after purchasing an additional 723 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in shares of Ranger Energy Services during the third quarter valued at $51,000. Acadian Asset Management LLC bought a new position in shares of Ranger Energy Services in the second quarter worth about $125,000. Finally, Hsbc Holdings PLC purchased a new position in Ranger Energy Services in the 2nd quarter worth about $134,000. Institutional investors own 68.10% of the company’s stock.

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.