AQR Capital Management LLC Has $4.72 Million Stock Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

AQR Capital Management LLC grew its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 33.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 449,028 shares of the company’s stock after buying an additional 112,634 shares during the period. AQR Capital Management LLC owned 2.02% of Ranger Energy Services worth $4,724,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Gendell Jeffrey L bought a new stake in shares of Ranger Energy Services during the fourth quarter worth approximately $1,080,000. Quadrature Capital Ltd acquired a new position in shares of Ranger Energy Services in the 4th quarter valued at $220,000. Janney Montgomery Scott LLC boosted its position in shares of Ranger Energy Services by 10.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 44,860 shares of the company’s stock worth $506,000 after purchasing an additional 4,072 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Ranger Energy Services by 8.1% during the first quarter. Empowered Funds LLC now owns 100,326 shares of the company’s stock worth $1,133,000 after purchasing an additional 7,525 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Ranger Energy Services in the first quarter valued at about $400,000. Institutional investors own 68.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ranger Energy Services Trading Down 0.2 %

Shares of Ranger Energy Services stock opened at $12.09 on Friday. Ranger Energy Services, Inc. has a 12 month low of $9.27 and a 12 month high of $14.63. The company has a market capitalization of $268.64 million, a PE ratio of 17.78 and a beta of 0.49. The stock’s fifty day simple moving average is $11.96 and its 200 day simple moving average is $11.10.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings data on Monday, July 29th. The company reported $0.21 earnings per share for the quarter, beating 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 business had revenue of $138.10 million for the quarter, compared to analysts’ expectations of $138.00 million. During the same quarter in the previous year, the business posted $0.24 EPS.

Ranger Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, August 9th. Ranger Energy Services’s dividend payout ratio is 29.41%.

Insider Buying and Selling

In related news, SVP J. Matt Hooker sold 7,803 shares of the company’s 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 transaction, the senior vice president now directly owns 92,600 shares of the company’s stock, valued at approximately $1,136,202. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by company 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.