Ranger Energy Services, Inc. $RNGR Position Raised by LSV Asset Management

LSV Asset Management increased its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 952.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,900 shares of the company’s stock after purchasing an additional 34,300 shares during the period. LSV Asset Management’s holdings in Ranger Energy Services were worth $530,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Ranger Energy Services by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,193,957 shares of the company’s stock worth $16,764,000 after purchasing an additional 16,594 shares in the last quarter. Royce & Associates LP raised its holdings in Ranger Energy Services by 0.3% during the third quarter. Royce & Associates LP now owns 1,043,648 shares of the company’s stock worth $14,653,000 after purchasing an additional 3,046 shares in the last quarter. Vanguard Group Inc. raised its holdings in Ranger Energy Services by 1.7% during the third quarter. Vanguard Group Inc. now owns 845,875 shares of the company’s stock worth $11,876,000 after purchasing an additional 13,970 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings 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 purchasing an additional 81,298 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Ranger Energy Services by 2,718.0% during the second quarter. JPMorgan Chase & Co. now owns 434,306 shares of the company’s stock worth $5,186,000 after purchasing an additional 418,894 shares in the last quarter. Institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Trading Down 5.9%

RNGR stock opened at $15.29 on Thursday. Ranger Energy Services, Inc. has a one year low of $10.56 and a one year high of $18.82. The firm has a market capitalization of $363.27 million, a PE ratio of 24.27 and a beta of 0.15. The firm has a 50-day moving average of $16.89 and a two-hundred day moving average of $15.66.

Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Ranger Energy Services had a net margin of 2.58% and a return on equity of 5.12%. The firm had revenue of $159.10 million for the quarter, compared to analysts’ expectations of $156.20 million. On average, equities research analysts anticipate that Ranger Energy Services, Inc. will post 1.13 earnings per share for the current year.

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 8th. Ranger Energy Services’s payout ratio is 38.10%.

Analyst Upgrades and Downgrades

RNGR has been the topic of several recent analyst reports. Wall Street Zen raised Ranger Energy Services from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Zacks Research cut Ranger Energy Services from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, May 6th. Piper Sandler upped their price target on Ranger Energy Services from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ranger Energy Services in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.00.

Ranger Energy Services Profile

Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.

Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.