Ranger Energy Services, Inc. (RNGR) To Go Ex-Dividend on May 8th

Ranger Energy Services, Inc. (NYSE:RNGR) announced a quarterly dividend on Monday, April 27th. Shareholders of record on Friday, May 8th will be paid a dividend of 0.06 per share on Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, May 8th.

Ranger Energy Services has a dividend payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ranger Energy Services to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 13.5%.

Ranger Energy Services Price Performance

Shares of Ranger Energy Services stock opened at $16.89 on Wednesday. The company’s 50 day moving average price is $17.15 and its two-hundred day moving average price is $15.35. The firm has a market capitalization of $397.71 million, a P/E ratio of 26.81 and a beta of 0.15. Ranger Energy Services has a fifty-two week low of $10.56 and a fifty-two week high of $18.82.

Ranger Energy Services (NYSE:RNGR) last released its quarterly earnings results on Monday, April 27th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). The business had revenue of $159.10 million for the quarter, compared to the consensus estimate of $156.20 million. Ranger Energy Services had a net margin of 2.58% and a return on equity of 5.12%. On average, analysts expect that Ranger Energy Services will post 1.63 earnings per share for the current year.

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.