Key Points
- Ranger Energy Services VP J. Matt Hooker sold 11,620 shares at an average price of $16.63, generating $193,240.60. The transaction, conducted under a Rule 10b5-1 plan, reduced his holdings by 11.72% to 87,528 shares.
- RNGR shares opened at $17.12 after recently rising 3.3%. The company reported quarterly revenue of $176.5 million, above estimates, but earnings per share of $0.29 narrowly missed consensus by $0.01.
- The company declared a quarterly dividend of $0.06, equivalent to $0.24 annually and a 1.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $20.00, while institutional investors own 68.1% of the stock.
Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) VP J. Matt Hooker sold 11,620 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $16.63, for a total transaction of $193,240.60. Following the completion of the sale, the vice president owned 87,528 shares in the company, valued at approximately $1,455,590.64. The trade was a 11.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
J. Matt Hooker also recently made the following trade(s):
- On Thursday, July 23rd, J. Matt Hooker sold 1,291 shares of Ranger Energy Services stock. The shares were sold at an average price of $16.50, for a total transaction of $21,301.50.
Ranger Energy Services Stock Up 3.3%
Shares of Ranger Energy Services stock opened at $17.12 on Wednesday. Ranger Energy Services, Inc. has a twelve month low of $11.88 and a twelve month high of $18.82. The business has a 50-day moving average price of $15.77 and a 200-day moving average price of $16.36. The firm has a market cap of $400.76 million, a price-to-earnings ratio of 28.54 and a beta of 0.12.
Ranger Energy Services (NYSE:RNGR - Get Free Report) last posted its earnings results on Monday, July 27th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). Ranger Energy Services had a return on equity of 4.87% and a net margin of 2.36%.The firm had revenue of $176.50 million during the quarter, compared to analysts' expectations of $163.93 million. On average, equities analysts expect that Ranger Energy Services, Inc. will post 1.17 EPS for the current fiscal year.
Ranger Energy Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. Ranger Energy Services's payout ratio is presently 40.00%.
Institutional Trading of Ranger Energy Services
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RNGR. BNP Paribas Financial Markets lifted its stake in Ranger Energy Services by 97.0% in the third quarter. BNP Paribas Financial Markets now owns 5,602 shares of the company's stock worth $79,000 after purchasing an additional 2,758 shares during the last quarter. Copeland Capital Management LLC grew its stake in shares of Ranger Energy Services by 43.3% during the first quarter. Copeland Capital Management LLC now owns 5,766 shares of the company's stock valued at $99,000 after buying an additional 1,741 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Ranger Energy Services by 51.7% during the second quarter. Quantbot Technologies LP now owns 6,277 shares of the company's stock valued at $75,000 after buying an additional 2,140 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Ranger Energy Services by 46.0% during the third quarter. Russell Investments Group Ltd. now owns 8,009 shares of the company's stock valued at $112,000 after buying an additional 2,525 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Ranger Energy Services in the second quarter worth approximately $125,000. 68.10% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on RNGR. Wall Street Zen upgraded Ranger Energy Services from a "hold" rating to a "buy" rating in a research report on Saturday, April 18th. Zacks Research upgraded shares of Ranger Energy Services from a "strong sell" rating to a "hold" rating in a research report on Friday, July 3rd. Piper Sandler lifted their price objective on shares of Ranger Energy Services from $17.00 to $20.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Ranger Energy Services in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $20.00.
Check Out Our Latest Stock Analysis on Ranger Energy Services
About Ranger Energy Services
(
Get Free Report)
Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.
Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.
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