Aristides Capital LLC Invests $196,000 in Ranger Energy Services, Inc. (NYSE:RNGR)

Aristides Capital LLC acquired a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,640 shares of the company’s stock, valued at approximately $196,000. Aristides Capital LLC owned approximately 0.08% of Ranger Energy Services at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RNGR. Janney Montgomery Scott LLC raised its holdings in shares of Ranger Energy Services by 17.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 40,788 shares of the company’s stock worth $417,000 after purchasing an additional 6,019 shares during the last quarter. Gendell Jeffrey L acquired a new stake in shares of Ranger Energy Services in the fourth quarter valued at about $1,080,000. Quadrature Capital Ltd acquired a new stake in Ranger Energy Services in the 4th quarter worth about $220,000. Empowered Funds LLC raised its stake in Ranger Energy Services by 8.1% in the 1st quarter. Empowered Funds LLC now owns 100,326 shares of the company’s stock valued at $1,133,000 after purchasing an additional 7,525 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Ranger Energy Services in the 1st quarter valued at $400,000. 68.10% of the stock is currently owned by institutional investors.

Ranger Energy Services Trading Up 2.1 %

Ranger Energy Services stock opened at $12.16 on Wednesday. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $14.63. The stock has a market cap of $270.20 million, a P/E ratio of 17.88 and a beta of 0.49. The company has a 50-day moving average price of $11.91 and a 200 day moving average price of $11.09.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.15. The business had revenue of $138.10 million during the quarter, compared to the consensus estimate of $138.00 million. Ranger Energy Services had a net margin of 2.61% and a return on equity of 5.73%. During the same quarter last year, the firm earned $0.24 EPS.

Ranger Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, August 9th. Ranger Energy Services’s dividend payout ratio is presently 29.41%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RNGR shares. Piper Sandler reduced their target price on shares of Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Barclays raised their target price on shares of Ranger Energy Services from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th.

Insider Activity at Ranger Energy Services

In other Ranger Energy Services news, SVP J. Matt Hooker sold 7,803 shares of Ranger Energy Services stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $12.27, for a total transaction of $95,742.81. Following the completion of the sale, the senior vice president now directly owns 92,600 shares in the company, valued at $1,136,202. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

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.