Ranger Energy Services, Inc. Declares Quarterly Dividend of $0.05 (NYSE:RNGR)

Ranger Energy Services, Inc. (NYSE:RNGRGet Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.05 per share on Friday, May 31st. This represents a $0.20 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, May 16th.

Ranger Energy Services has a payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ranger Energy Services to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.9%.

Ranger Energy Services Price Performance

NYSE:RNGR traded down $0.17 during trading hours on Wednesday, hitting $10.31. The company’s stock had a trading volume of 11,749 shares, compared to its average volume of 175,838. Ranger Energy Services has a 52-week low of $9.27 and a 52-week high of $14.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.90 and a current ratio of 2.01. The business’s 50-day moving average is $10.98 and its two-hundred day moving average is $10.54. The company has a market capitalization of $233.62 million, a PE ratio of 15.41 and a beta of 0.66.

Ranger Energy Services (NYSE:RNGRGet Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.24). Ranger Energy Services had a net margin of 2.73% and a return on equity of 6.18%. The company had revenue of $151.50 million during the quarter, compared to analyst estimates of $151.00 million. During the same quarter last year, the business earned $0.30 EPS. As a group, research analysts anticipate that Ranger Energy Services will post 0.84 EPS for the current fiscal year.

Insider Activity at Ranger Energy Services

In related news, Director Charles S. Leykum sold 6,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $11.64, for a total transaction of $69,840.00. Following the sale, the director now owns 3,994,000 shares of the company’s stock, valued at $46,490,160. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Charles S. Leykum sold 25,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $11.40, for a total transaction of $285,000.00. Following the sale, the director now owns 3,969,000 shares in the company, valued at $45,246,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles S. Leykum sold 6,000 shares of Ranger Energy Services stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $11.64, for a total value of $69,840.00. Following the completion of the sale, the director now directly owns 3,994,000 shares of the company’s stock, valued at approximately $46,490,160. The disclosure for this sale can be found here. In the last three months, insiders have sold 378,000 shares of company stock valued at $4,212,500. Insiders own 2.00% of the company’s stock.

About Ranger Energy Services

(Get Free Report)

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.

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