J. Matt Hooker Sells 11,620 Shares of Ranger Energy Services (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGRGet Free Report) VP J. Matt Hooker sold 11,620 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $16.63, for a total transaction of $193,240.60. Following the sale, the vice president owned 87,528 shares of the company’s stock, valued at $1,455,590.64. The trade was a 11.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

J. Matt Hooker also recently made the following trade(s):

  • On Thursday, July 23rd, J. Matt Hooker sold 1,291 shares of Ranger Energy Services stock. The shares were sold at an average price of $16.50, for a total value of $21,301.50.

Ranger Energy Services Stock Up 0.9%

RNGR opened at $17.27 on Thursday. Ranger Energy Services, Inc. has a fifty-two week low of $11.88 and a fifty-two week high of $18.82. The firm has a market cap of $404.12 million, a PE ratio of 28.78 and a beta of 0.12. The business has a fifty day simple moving average of $15.79 and a 200-day simple moving average of $16.37.

Ranger Energy Services (NYSE:RNGRGet Free Report) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $176.50 million for the quarter, compared to analyst estimates of $163.93 million. Ranger Energy Services had a return on equity of 4.87% and a net margin of 2.36%. On average, equities research analysts anticipate that Ranger Energy Services, Inc. will post 1.17 EPS for the current fiscal year.

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be 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 is Friday, August 7th. Ranger Energy Services’s payout ratio is 40.00%.

Hedge Funds Weigh In On Ranger Energy Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP raised its stake in shares of Ranger Energy Services by 51.7% during the 2nd quarter. Quantbot Technologies LP now owns 6,277 shares of the company’s stock worth $75,000 after purchasing an additional 2,140 shares in the last quarter. BNP Paribas Financial Markets grew its stake in 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 buying an additional 2,758 shares during the last quarter. Copeland Capital Management LLC increased its stake in shares of Ranger Energy Services by 43.3% in the first quarter. Copeland Capital Management LLC now owns 5,766 shares of the company’s stock worth $99,000 after purchasing an additional 1,741 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Ranger Energy Services by 46.0% in the third quarter. Russell Investments Group Ltd. now owns 8,009 shares of the company’s stock worth $112,000 after purchasing an additional 2,525 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of Ranger Energy Services during the 2nd quarter worth about $125,000. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RNGR has been the topic of several recent analyst reports. Wall Street Zen raised Ranger Energy Services from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Zacks Research raised Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. Piper Sandler upped their target price on Ranger Energy Services from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ranger Energy Services in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Ranger Energy Services presently has a consensus rating of “Hold” and a consensus target price of $20.00.

Check Out Our Latest Report on RNGR

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

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