Key Points
- CEO Stuart Bodden sold 95,000 Ranger Energy Services shares at an average price of $17.16, generating $1.63 million. The Rule 10b5-1 transaction reduced his ownership by 25.76% to 273,800 shares.
- Ranger reported quarterly earnings of $0.29 per share, slightly below the $0.30 consensus estimate, while revenue of $176.5 million exceeded expectations. The company also pays a quarterly dividend of $0.06 per share, yielding approximately 1.4%.
- Analysts maintain a consensus “Hold” rating, with an average price target of $20.00 versus the stock’s recent price near $17.14. Institutional investors and hedge funds own 68.1% of the company.
Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) CEO Stuart Bodden sold 95,000 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $17.16, for a total value of $1,630,200.00. Following the transaction, the chief executive officer owned 273,800 shares in the company, valued at $4,698,408. This trade represents a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ranger Energy Services Trading Down 1.5%
Shares of NYSE RNGR opened at $17.14 on Friday. The stock has a market capitalization of $401.08 million, a PE ratio of 28.57 and a beta of 0.12. Ranger Energy Services, Inc. has a twelve month low of $11.88 and a twelve month high of $18.82. The stock has a fifty day simple moving average of $16.01 and a 200-day simple moving average of $16.47.
Ranger Energy Services (NYSE:RNGR - Get Free Report) last released its earnings results on Monday, July 27th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $176.50 million during the quarter, compared to analyst estimates of $163.93 million. Ranger Energy Services had a net margin of 2.36% and a return on equity of 4.87%. On average, equities analysts predict that Ranger Energy Services, Inc. will post 1.17 earnings per share for the current year.
Ranger Energy Services Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, August 7th. Ranger Energy Services's payout ratio is presently 40.00%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Ranger Energy Services in a research report on Wednesday, June 24th. Zacks Research upgraded shares of Ranger Energy Services from a "strong sell" rating to a "hold" rating in a report on Friday, July 3rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $20.00.
Get Our Latest Stock Analysis on RNGR
Institutional Investors Weigh In On Ranger Energy Services
Several hedge funds and other institutional investors have recently bought and sold shares of RNGR. Quantbot Technologies LP boosted its stake in Ranger Energy Services by 51.7% in the second quarter. Quantbot Technologies LP now owns 6,277 shares of the company's stock valued at $75,000 after acquiring an additional 2,140 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Ranger Energy Services by 97.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,602 shares of the company's stock valued at $79,000 after purchasing an additional 2,758 shares during the last quarter. Copeland Capital Management LLC boosted its position in shares of Ranger Energy Services by 43.3% in the 1st quarter. Copeland Capital Management LLC now owns 5,766 shares of the company's stock valued at $99,000 after purchasing an additional 1,741 shares during the period. Russell Investments Group Ltd. grew its stake in Ranger Energy Services by 46.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,009 shares of the company's stock worth $112,000 after buying an additional 2,525 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Ranger Energy Services during the second quarter worth approximately $125,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.
Ranger Energy Services Company Profile
(
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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