Ranger Energy Services, Inc. (NYSE:RNGR) SVP J. Matt Hooker Sells 7,803 Shares

Ranger Energy Services, Inc. (NYSE:RNGR) SVP J. Matt Hooker sold 7,803 shares of Ranger Energy Services stock in a transaction on Friday, September 20th. The shares were sold at an average price of $12.27, for a total value of $95,742.81. Following the completion of the sale, the senior vice president now owns 92,600 shares in the company, valued at approximately $1,136,202. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

J. Matt Hooker also recently made the following trade(s):

• On Friday, August 23rd, J. Matt Hooker sold 7,803 shares of Ranger Energy Services stock. The shares were sold at an average price of $11.92, for a total value of $93,011.76.

Ranger Energy Services Price Performance

Shares of RNGR stock traded up $0.15 on Monday, hitting $12.30. The stock had a trading volume of 43,851 shares, compared to its average volume of 129,170. The company’s 50 day moving average price is $11.79 and its 200-day moving average price is $11.05. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $14.64. The firm has a market capitalization of $281.35 million, a P/E ratio of 17.85 and a beta of 0.49.

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

Ranger Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.20 annualized dividend and a yield of 1.63%. Ranger Energy Services’s dividend payout ratio (DPR) is 29.41%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Ranger Energy Services

Large investors have recently bought and sold shares of the stock. Gladius Capital Management LP purchased a new stake in Ranger Energy Services during the 2nd quarter worth about $30,000. CWM LLC boosted its position in shares of Ranger Energy Services by 60.2% during the 2nd quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after acquiring an additional 1,320 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Ranger Energy Services during the 4th quarter worth about $96,000. Acadian Asset Management LLC acquired a new position in shares of Ranger Energy Services during the 2nd quarter worth about $125,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Ranger Energy Services during the 2nd quarter worth about $134,000. 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.