Ranger Energy Services, Inc. (NYSE:RNGR) Director Charles S. Leykum Sells 132,000 Shares

Ranger Energy Services, Inc. (NYSE:RNGR) Director Charles S. Leykum sold 132,000 shares of Ranger Energy Services stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $11.08, for a total transaction of $1,462,560.00. Following the sale, the director now directly owns 3,562,000 shares in the company, valued at approximately $39,466,960. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ranger Energy Services Stock Performance

Shares of NYSE RNGR traded up $0.13 during mid-day trading on Thursday, reaching $11.29. The company’s stock had a trading volume of 186,163 shares, compared to its average volume of 197,078. The stock has a market capitalization of $255.83 million, a P/E ratio of 11.76 and a beta of 0.61. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $14.64. The stock has a 50-day moving average of $10.51 and a two-hundred day moving average of $11.17.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.24). Ranger Energy Services had a net margin of 3.74% and a return on equity of 8.67%. The business had revenue of $151.50 million during the quarter, compared to analyst estimates of $151.00 million. During the same quarter in the previous year, the company posted $0.30 EPS. Analysts predict that Ranger Energy Services, Inc. will post 1.1 EPS for the current fiscal year.

Ranger Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.77%. Ranger Energy Services’s payout ratio is 20.83%.

Institutional Investors Weigh In On Ranger Energy Services

A number of hedge funds have recently modified their holdings of the company. Boston Partners purchased a new stake in shares of Ranger Energy Services in the 3rd quarter valued at approximately $872,000. Trexquant Investment LP raised its position in Ranger Energy Services by 60.1% in the third quarter. Trexquant Investment LP now owns 46,726 shares of the company’s stock valued at $663,000 after purchasing an additional 17,545 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Ranger Energy Services in the third quarter valued at $2,229,000. Ritholtz Wealth Management acquired a new position in shares of Ranger Energy Services in the 3rd quarter valued at $179,000. Finally, Barclays PLC grew its holdings in shares of Ranger Energy Services by 50.2% during the 3rd quarter. Barclays PLC now owns 4,713 shares of the company’s stock worth $67,000 after purchasing an additional 1,575 shares during the period. Hedge funds and other institutional investors own 68.10% of the company’s stock.

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.