Charles S. Leykum Sells 215,000 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Charles S. Leykum sold 215,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $11.14, for a total transaction of $2,395,100.00. Following the sale, the director now owns 3,754,000 shares in the company, valued at $41,819,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ranger Energy Services Price Performance

Shares of NYSE:RNGR opened at $11.16 on Thursday. The firm has a market capitalization of $252.89 million, a PE ratio of 11.63 and a beta of 0.61. The firm’s 50-day moving average is $10.48 and its two-hundred day moving average is $11.17. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $14.64.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.24). Ranger Energy Services had a return on equity of 8.67% and a net margin of 3.74%. The business had revenue of $151.50 million for the quarter, compared to analysts’ expectations of $151.00 million. During the same quarter last year, the company earned $0.30 earnings per share. Analysts expect that Ranger Energy Services, Inc. will post 1.1 EPS for the current fiscal year.

Ranger Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Thursday, March 14th. Ranger Energy Services’s dividend payout ratio is presently 20.83%.

Hedge Funds Weigh In On Ranger Energy Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG acquired a new position in shares of Ranger Energy Services during the first quarter worth about $29,000. Copeland Capital Management LLC acquired a new position in Ranger Energy Services in the fourth quarter valued at approximately $29,000. Barclays PLC boosted its holdings in Ranger Energy Services by 120.8% in the second quarter. Barclays PLC now owns 3,138 shares of the company’s stock valued at $33,000 after purchasing an additional 1,717 shares in the last quarter. Quantbot Technologies LP acquired a new position in Ranger Energy Services in the third quarter valued at approximately $45,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Ranger Energy Services by 425.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,934 shares of the company’s stock valued at $40,000 after purchasing an additional 3,186 shares in the last quarter. 68.10% of the stock is owned by institutional investors and hedge funds.

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.