Ranger Energy Services, Inc. (RNGR) To Go Ex-Dividend on May 16th

Ranger Energy Services, Inc. (NYSE:RNGR) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.05 per share on Friday, May 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, May 16th.

Ranger Energy Services has a payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ranger Energy Services to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.9%.

Ranger Energy Services Stock Up 2.1 %

RNGR opened at $10.19 on Thursday. The company has a market cap of $230.79 million, a PE ratio of 10.61 and a beta of 0.66. Ranger Energy Services has a twelve month low of $9.27 and a twelve month high of $14.64. The company has a 50-day moving average price of $10.99 and a 200 day moving average price of $10.64.

Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Tuesday, March 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.24). The firm had revenue of $151.50 million for the quarter, compared to analyst estimates of $151.00 million. Ranger Energy Services had a net margin of 3.74% and a return on equity of 8.67%. During the same period in the previous year, the company earned $0.30 EPS. As a group, sell-side analysts expect that Ranger Energy Services will post 0.84 earnings per share for the current year.

Insider Activity at Ranger Energy Services

In other Ranger Energy Services news, Director Charles S. Leykum sold 25,000 shares of Ranger Energy Services stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $11.40, for a total transaction of $285,000.00. Following the sale, the director now owns 3,969,000 shares of the company’s stock, valued at approximately $45,246,600. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Ranger Energy Services news, Director Charles S. Leykum sold 132,000 shares of Ranger Energy Services stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $11.08, for a total transaction of $1,462,560.00. Following the transaction, the director now directly owns 3,562,000 shares of the company’s stock, valued at $39,466,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles S. Leykum sold 25,000 shares of Ranger Energy Services stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $11.40, for a total transaction of $285,000.00. Following the sale, the director now directly owns 3,969,000 shares in the company, valued at approximately $45,246,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 378,000 shares of company stock valued at $4,212,500. 2.00% of the stock is owned by insiders.

About Ranger Energy Services

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.