Royce & Associates LP Sells 53,060 Shares of Ranger Energy Services, Inc. $RNGR

Royce & Associates LP lessened its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 990,588 shares of the company’s stock after selling 53,060 shares during the period. Royce & Associates LP owned 4.58% of Ranger Energy Services worth $13,848,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RNGR. AQR Capital Management LLC lifted its position in shares of Ranger Energy Services by 11.9% in the 1st quarter. AQR Capital Management LLC now owns 244,598 shares of the company’s stock worth $3,471,000 after purchasing an additional 25,923 shares during the period. Empowered Funds LLC lifted its position in shares of Ranger Energy Services by 5.5% in the 1st quarter. Empowered Funds LLC now owns 137,775 shares of the company’s stock worth $1,955,000 after purchasing an additional 7,150 shares during the period. Jane Street Group LLC lifted its position in shares of Ranger Energy Services by 71.5% in the 1st quarter. Jane Street Group LLC now owns 19,000 shares of the company’s stock worth $270,000 after purchasing an additional 7,924 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Ranger Energy Services in the 2nd quarter worth about $132,000. Finally, Geode Capital Management LLC lifted its position in shares of Ranger Energy Services by 6.7% in the 2nd quarter. Geode Capital Management LLC now owns 387,100 shares of the company’s stock worth $4,623,000 after purchasing an additional 24,396 shares during the period. Institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Price Performance

Shares of NYSE RNGR opened at $15.29 on Thursday. Ranger Energy Services, Inc. has a 1 year low of $10.56 and a 1 year high of $18.82. The stock has a market cap of $363.27 million, a P/E ratio of 24.27 and a beta of 0.15. The firm has a 50-day moving average of $16.89 and a 200 day moving average of $15.66.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.12 earnings per share (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 business had revenue of $159.10 million for the quarter, compared to analysts’ expectations of $156.20 million. Research analysts expect that Ranger Energy Services, Inc. will post 1.13 earnings per share for the current fiscal 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 issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.24 annualized dividend and a yield of 1.6%. Ranger Energy Services’s payout ratio is 38.10%.

Analyst Upgrades and Downgrades

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

Ranger Energy Services Company 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.