Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Update

Ranger Energy Services, Inc. (NYSE:RNGR) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 387,400 shares, a drop of 18.3% from the March 31st total of 474,400 shares. Based on an average daily volume of 166,700 shares, the short-interest ratio is presently 2.3 days.

Insider Buying and Selling at Ranger Energy Services

In other Ranger Energy Services news, Director Charles S. Leykum sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $11.64, for a total value of $69,840.00. Following the sale, the director now directly owns 3,994,000 shares of the company’s stock, valued at $46,490,160. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Charles S. Leykum sold 6,000 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $11.64, for a total value of $69,840.00. Following the sale, the director now directly owns 3,994,000 shares of the company’s stock, valued at $46,490,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles S. Leykum sold 132,000 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $11.08, for a total value of $1,462,560.00. Following the completion of the sale, the director now directly owns 3,562,000 shares in the company, valued at $39,466,960. The disclosure for this sale can be found here. Over the last three months, insiders have sold 378,000 shares of company stock valued at $4,212,500. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Ranger Energy Services

A number of hedge funds have recently bought and sold shares of the stock. Quadrature Capital Ltd acquired a new stake in Ranger Energy Services in the 4th quarter valued at about $220,000. Gendell Jeffrey L acquired a new stake in Ranger Energy Services in the 4th quarter valued at about $1,080,000. Tower Research Capital LLC TRC raised its position in Ranger Energy Services by 425.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,934 shares of the company’s stock valued at $40,000 after purchasing an additional 3,186 shares in the last quarter. Franklin Resources Inc. raised its position in Ranger Energy Services by 6.3% in the 4th quarter. Franklin Resources Inc. now owns 419,900 shares of the company’s stock valued at $4,296,000 after purchasing an additional 24,900 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Ranger Energy Services by 17.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 40,788 shares of the company’s stock valued at $417,000 after purchasing an additional 6,019 shares in the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.

Ranger Energy Services Stock Down 0.4 %

NYSE:RNGR traded down $0.04 on Monday, reaching $10.21. The company’s stock had a trading volume of 183,167 shares, compared to its average volume of 179,477. Ranger Energy Services has a 12-month low of $9.27 and a 12-month high of $14.64. The firm has a market cap of $231.39 million, a price-to-earnings ratio of 10.64 and a beta of 0.60. The stock has a 50 day moving average price of $11.03 and a 200 day moving average price of $10.81.

Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.24). The firm had revenue of $151.50 million during the quarter, compared to analysts’ expectations of $151.00 million. Ranger Energy Services had a net margin of 3.74% and a return on equity of 8.67%. During the same quarter in the prior year, the firm posted $0.30 EPS. Equities research analysts expect that Ranger Energy Services will post 0.84 EPS for the current fiscal year.

Ranger Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, March 14th. Ranger Energy Services’s dividend payout ratio is currently 20.83%.

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.