Ranger Energy Services (NYSE:RNGR) VP J. Matt Hooker Sells 11,620 Shares

Ranger Energy Services, Inc. (NYSE:RNGR) VP J. Matt Hooker sold 11,620 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $16.63, for a total transaction of $193,240.60. Following the sale, the vice president directly owned 87,528 shares of the company’s stock, valued at approximately $1,455,590.64. This represents a 11.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, July 23rd, J. Matt Hooker sold 1,291 shares of Ranger Energy Services stock. The shares were sold at an average price of $16.50, for a total transaction of $21,301.50.

Ranger Energy Services Price Performance

NYSE:RNGR opened at $17.12 on Wednesday. The firm has a market capitalization of $400.76 million, a price-to-earnings ratio of 28.54 and a beta of 0.12. Ranger Energy Services, Inc. has a one year low of $11.88 and a one year high of $18.82. The business has a fifty day moving average price of $15.77 and a 200-day moving average price of $16.36.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Monday, July 27th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Ranger Energy Services had a net margin of 2.36% and a return on equity of 4.87%. The company had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $163.93 million. On average, equities research analysts expect that Ranger Energy Services, Inc. will post 1.17 earnings per share for the current fiscal year.

Ranger Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, August 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. Ranger Energy Services’s payout ratio is 40.00%.

Institutional Trading of Ranger Energy Services

Several institutional investors have recently made changes to their positions in RNGR. Dimensional Fund Advisors LP boosted its stake in Ranger Energy Services by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,273,108 shares of the company’s stock worth $21,822,000 after purchasing an additional 41,648 shares during the period. IES Holdings Inc. purchased a new stake in Ranger Energy Services during the 4th quarter valued at approximately $15,201,000. Vanguard Group Inc. raised its position in shares of Ranger Energy Services by 1.7% during the third quarter. Vanguard Group Inc. now owns 845,875 shares of the company’s stock valued at $11,876,000 after buying an additional 13,970 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Ranger Energy Services by 44.4% during the fourth quarter. AQR Capital Management LLC now owns 580,611 shares of the company’s stock valued at $8,117,000 after buying an additional 178,486 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Ranger Energy Services by 2,718.0% during the second quarter. JPMorgan Chase & Co. now owns 434,306 shares of the company’s stock valued at $5,186,000 after buying an additional 418,894 shares during the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on RNGR. Wall Street Zen upgraded shares of Ranger Energy Services from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Zacks Research upgraded shares of Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Ranger Energy Services in a research note on Wednesday, June 24th. Finally, Piper Sandler raised their price objective on shares of Ranger Energy Services from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ranger Energy Services has an average rating of “Hold” and a consensus price target of $20.00.

About Ranger Energy Services

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.