Ranger Energy Services (RNGR) Set to Announce Quarterly Earnings on Monday

Ranger Energy Services (NYSE:RNGR) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, October 28th. Parties interested in registering for the company’s conference call can do so using this link.

Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.06 by $0.15. The firm had revenue of $138.10 million for 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 period last year, the firm posted $0.24 earnings per share.

Ranger Energy Services Stock Performance

RNGR stock opened at $12.30 on Monday. The company has a market capitalization of $273.31 million, a PE ratio of 18.92 and a beta of 0.49. Ranger Energy Services has a one year low of $9.27 and a one year high of $14.63. The company’s 50 day moving average price is $12.03 and its two-hundred day moving average price is $11.16.

Ranger Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Friday, August 9th. Ranger Energy Services’s dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analysts Forecast Growth

RNGR has been the topic of several research reports. Piper Sandler decreased their price target 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. Barclays lifted 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 Buying and Selling

In related news, SVP J. Matt Hooker sold 7,803 shares of Ranger Energy Services stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $11.92, for a total value of $93,011.76. Following the transaction, the senior vice president now directly owns 100,403 shares of the company’s stock, valued at $1,196,803.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by insiders.

Ranger Energy Services Company Profile

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.