Ranger Energy Services, Inc. $RNGR Shares Acquired by Inspire Advisors LLC

Inspire Advisors LLC boosted its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 41.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,774 shares of the company’s stock after buying an additional 9,670 shares during the quarter. Inspire Advisors LLC’s holdings in Ranger Energy Services were worth $391,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CSM Advisors LLC bought a new stake in shares of Ranger Energy Services in the 2nd quarter valued at approximately $3,691,000. Jacobs Levy Equity Management Inc. bought a new position in Ranger Energy Services during the first quarter worth $2,143,000. Nuveen LLC acquired a new position in Ranger Energy Services in the first quarter worth $1,776,000. American Century Companies Inc. increased its stake in Ranger Energy Services by 18.0% during the first quarter. American Century Companies Inc. now owns 482,372 shares of the company’s stock valued at $6,845,000 after purchasing an additional 73,445 shares during the last quarter. Finally, State of Wyoming raised its holdings in shares of Ranger Energy Services by 1,253.7% during the first quarter. State of Wyoming now owns 38,526 shares of the company’s stock worth $547,000 after purchasing an additional 35,680 shares during the period. Institutional investors and hedge funds own 68.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on RNGR shares. Wall Street Zen lowered shares of Ranger Energy Services from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings cut shares of Ranger Energy Services from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, November 13th. Finally, Zacks Research lowered Ranger Energy Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Ranger Energy Services currently has an average rating of “Hold” and a consensus price target of $13.00.

Insider Transactions at Ranger Energy Services

In other news, Director Brett T. Agee sold 36,374 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $14.49, for a total value of $527,059.26. Following the completion of the transaction, the director owned 1,001,805 shares of the company’s stock, valued at approximately $14,516,154.45. This represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 57,403 shares of company stock worth $830,857. Insiders own 2.80% of the company’s stock.

Ranger Energy Services Stock Down 0.1%

Shares of NYSE:RNGR opened at $13.50 on Thursday. The company’s 50-day moving average price is $13.65 and its 200 day moving average price is $12.84. The company has a market cap of $294.77 million, a PE ratio of 20.76 and a beta of 0.39. Ranger Energy Services, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $18.45.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.33). The firm had revenue of $128.90 million during the quarter, compared to analyst estimates of $141.00 million. Ranger Energy Services had a net margin of 2.72% and a return on equity of 5.60%.

Ranger Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.24 annualized dividend and a yield of 1.8%. Ranger Energy Services’s payout ratio is presently 36.92%.

Ranger Energy Services Company Profile

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.