Ranger Energy Services, Inc. (NYSE:RNGR) Declares $0.06 Quarterly Dividend

Ranger Energy Services, Inc. (NYSE:RNGR – Get Free Report) declared a quarterly dividend on Monday, July 27th. Shareholders of record on Friday, August 7th will be paid a dividend of 0.06 per share on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 7th.

Ranger Energy Services has a payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ranger Energy Services to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 15.9%.

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Ranger Energy Services Trading Down 1.7%

Ranger Energy Services stock opened at $15.44 on Tuesday. The firm has a market capitalization of $366.81 million, a P/E ratio of 24.51 and a beta of 0.12. Ranger Energy Services has a 1 year low of $11.88 and a 1 year high of $18.82. The business has a 50-day moving average of $15.78 and a 200-day moving average of $16.25.

Ranger Energy Services (NYSE:RNGR – Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Ranger Energy Services had a net margin of 2.58% and a return on equity of 5.12%. The firm had revenue of $176.50 million during the quarter, compared to analyst estimates of $163.93 million. Research analysts anticipate that Ranger Energy Services will post 1.13 EPS for the current fiscal year.

About Ranger Energy Services

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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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