Ranger Energy Services (NYSE:RNGR) CEO Stuart Bodden Sells 95,000 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGRGet Free Report) CEO Stuart Bodden sold 95,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $17.16, for a total value of $1,630,200.00. Following the sale, the chief executive officer owned 273,800 shares of the company’s stock, valued at $4,698,408. This trade represents a 25.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ranger Energy Services Price Performance

RNGR opened at $17.14 on Friday. The firm has a market capitalization of $401.08 million, a PE ratio of 28.57 and a beta of 0.12. The business’s 50-day moving average is $16.01 and its two-hundred day moving average is $16.47. Ranger Energy Services, Inc. has a 1 year low of $11.88 and a 1 year high of $18.82.

Ranger Energy Services (NYSE:RNGRGet Free Report) last released its quarterly earnings results on Monday, July 27th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Ranger Energy Services had a net margin of 2.36% and a return on equity of 4.87%. The firm had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $163.93 million. As a group, sell-side analysts expect that Ranger Energy Services, Inc. will post 1.17 EPS for the current year.

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. Ranger Energy Services’s dividend payout ratio is presently 40.00%.

Institutional Trading of Ranger Energy Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP grew its position in Ranger Energy Services by 51.7% in the second quarter. Quantbot Technologies LP now owns 6,277 shares of the company’s stock worth $75,000 after acquiring an additional 2,140 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of 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 purchasing an additional 2,758 shares during the last quarter. Copeland Capital Management LLC grew its holdings in shares of Ranger Energy Services by 43.3% during the 1st 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 position in shares of Ranger Energy Services by 46.0% during the 3rd 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 last quarter. Finally, Engineers Gate Manager LP purchased a new stake in Ranger Energy Services in the 2nd quarter valued at about $125,000. Institutional investors and hedge funds own 68.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on RNGR. Zacks Research raised shares of Ranger Energy Services from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Ranger Energy Services in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.00.

Read Our Latest Stock Analysis on RNGR

About Ranger Energy Services

(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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