Ranger Energy Services, Inc. (RNGR) To Go Ex-Dividend on November 21st

Ranger Energy Services, Inc. (NYSE:RNGR) declared a quarterly dividend on Monday, November 10th. Investors of record on Friday, November 21st will be paid a dividend of 0.06 per share on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, November 21st.

Ranger Energy Services has a dividend payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings.

Ranger Energy Services Stock Performance

Shares of RNGR stock opened at $13.98 on Wednesday. The company has a market capitalization of $305.30 million, a P/E ratio of 21.51 and a beta of 0.39. The company’s 50 day moving average price is $13.68 and its two-hundred day moving average price is $12.78. Ranger Energy Services has a 52 week low of $10.56 and a 52 week high of $18.45.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings results on Monday, November 10th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.33). The firm had revenue of $128.90 million for the quarter, compared to analyst estimates of $141.00 million. Ranger Energy Services had a return on equity of 5.58% and a net margin of 2.72%.

Insider Buying and Selling at Ranger Energy Services

In related news, Director Brett T. Agee sold 14,014 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $14.51, for a total transaction of $203,343.14. Following the sale, the director owned 987,791 shares in the company, valued at approximately $14,332,847.41. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 81,688 shares of company stock worth $1,140,042. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Ranger Energy Services

Institutional investors and hedge funds have recently modified their holdings of the business. Hillsdale Investment Management Inc. raised its stake in Ranger Energy Services by 21.2% during the third quarter. Hillsdale Investment Management Inc. now owns 465,148 shares of the company’s stock worth $6,531,000 after acquiring an additional 81,298 shares in the last quarter. GSA Capital Partners LLP increased its position in Ranger Energy Services by 19.6% during the 3rd quarter. GSA Capital Partners LLP now owns 30,643 shares of the company’s stock worth $430,000 after purchasing an additional 5,032 shares in the last quarter. Vanguard Group Inc. lifted its stake in Ranger Energy Services by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 845,875 shares of the company’s stock valued at $11,876,000 after purchasing an additional 13,970 shares during the last quarter. Rhumbline Advisers boosted its position in Ranger Energy Services by 6.9% in the third quarter. Rhumbline Advisers now owns 28,662 shares of the company’s stock valued at $402,000 after buying an additional 1,849 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Ranger Energy Services by 30.4% during the third quarter. Envestnet Asset Management Inc. now owns 14,437 shares of the company’s stock worth $203,000 after buying an additional 3,363 shares during the last quarter. 68.10% of the stock is currently owned by institutional investors.

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.