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

Ranger Energy Services, Inc. (NYSE:RNGRGet Free Report) Director Charles S. Leykum sold 215,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $11.14, for a total transaction of $2,395,100.00. Following the completion of the transaction, 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 can be accessed through this hyperlink.

Ranger Energy Services Stock Down 2.5 %

Shares of Ranger Energy Services stock opened at $11.11 on Wednesday. The firm has a market capitalization of $251.79 million, a P/E ratio of 11.57 and a beta of 0.61. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $14.64. The firm’s 50 day moving average is $10.45 and its two-hundred day moving average is $11.18.

Ranger Energy Services (NYSE:RNGRGet Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.24). The company had revenue of $151.50 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $0.30 earnings per share. As a group, research analysts expect that Ranger Energy Services, Inc. will post 1.1 earnings per share for the current fiscal year.

Ranger Energy Services Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.80%. Ranger Energy Services’s dividend payout ratio (DPR) is presently 20.83%.

Hedge Funds Weigh In On Ranger Energy Services

A number of hedge funds have recently modified their holdings of the business. Copeland Capital Management LLC acquired a new stake in shares of Ranger Energy Services during the fourth quarter worth $29,000. UBS Group AG acquired a new stake in shares of Ranger Energy Services during the first quarter worth $29,000. Barclays PLC lifted its holdings in shares of Ranger Energy Services by 120.8% during the second quarter. Barclays PLC now owns 3,138 shares of the company’s stock worth $33,000 after purchasing an additional 1,717 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Ranger Energy Services by 425.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,934 shares of the company’s stock worth $40,000 after purchasing an additional 3,186 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Ranger Energy Services during the third quarter worth $45,000. 39.70% of the stock is currently owned by hedge funds and other institutional investors.

About Ranger Energy Services

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Ranger Energy Services (NYSE:RNGR)

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