Ranger Energy Services, Inc. $RNGR Holdings Raised by UBS Group AG

UBS Group AG grew its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 106.4% in the 4th quarter, HoldingsChannel reports. The firm owned 179,044 shares of the company’s stock after acquiring an additional 92,299 shares during the quarter. UBS Group AG’s holdings in Ranger Energy Services were worth $2,503,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in shares of Ranger Energy Services by 97.0% during the third quarter. BNP Paribas Financial Markets now owns 5,602 shares of the company’s stock valued at $79,000 after purchasing an additional 2,758 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Ranger Energy Services by 51.7% during the second quarter. Quantbot Technologies LP now owns 6,277 shares of the company’s stock valued at $75,000 after purchasing an additional 2,140 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Ranger Energy Services by 46.0% during the third quarter. Russell Investments Group Ltd. now owns 8,009 shares of the company’s stock valued at $112,000 after purchasing an additional 2,525 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Ranger Energy Services during the second quarter valued at $125,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Ranger Energy Services by 134.1% during the second quarter. Osaic Holdings Inc. now owns 10,626 shares of the company’s stock valued at $127,000 after purchasing an additional 6,087 shares during the last quarter. 68.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Piper Sandler upped their target price on Ranger Energy Services from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Ranger Energy Services in a research report on Friday, March 27th. Wall Street Zen raised Ranger Energy Services from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Zacks Research lowered Ranger Energy Services from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ranger Energy Services has an average rating of “Hold” and an average price target of $20.00.

Ranger Energy Services Price Performance

RNGR stock opened at $16.27 on Wednesday. The business has a fifty day moving average price of $16.93 and a 200 day moving average price of $15.65. Ranger Energy Services, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $18.82. The stock has a market capitalization of $386.61 million, a price-to-earnings ratio of 25.83 and a beta of 0.15.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings results on Monday, April 27th. The company reported $0.12 earnings per share 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 analyst estimates of $156.20 million. On average, equities 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 firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 8th. Ranger Energy Services’s dividend payout ratio (DPR) is currently 38.10%.

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.