J. Matt Hooker Sells 1,291 Shares of Ranger Energy Services (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) VP J. Matt Hooker sold 1,291 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $16.50, for a total transaction of $21,301.50. Following the completion of the transaction, the vice president directly owned 99,148 shares in the company, valued at $1,635,942. The trade was a 1.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ranger Energy Services Stock Performance

NYSE RNGR opened at $15.14 on Thursday. Ranger Energy Services, Inc. has a 52-week low of $11.88 and a 52-week high of $18.82. The company has a fifty day moving average of $15.72 and a 200-day moving average of $16.26. The company has a market capitalization of $359.85 million, a P/E ratio of 35.22 and a beta of 0.12.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Monday, July 27th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Ranger Energy Services had a net margin of 1.76% and a return on equity of 3.58%. The firm had revenue of $176.50 million during the quarter, compared to the consensus estimate of $163.93 million. As a group, analysts forecast that Ranger Energy Services, Inc. will post 1.13 EPS for the current fiscal year.

Ranger Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, August 7th. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. Ranger Energy Services’s dividend payout ratio is 38.10%.

Analysts Set New Price Targets

Several analysts have issued reports on RNGR shares. Zacks Research raised Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. Piper Sandler upped their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ranger Energy Services in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded Ranger Energy Services from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Ranger Energy Services by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,273,108 shares of the company’s stock worth $21,822,000 after buying 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 $15,201,000. Vanguard Group Inc. boosted its position in Ranger Energy Services by 1.7% during the 3rd 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 period. AQR Capital Management LLC boosted its position in Ranger Energy Services by 44.4% during the 4th 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 period. Finally, JPMorgan Chase & Co. grew its holdings in Ranger Energy Services by 2,718.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 434,306 shares of the company’s stock worth $5,186,000 after acquiring an additional 418,894 shares during the last quarter. Institutional investors own 68.10% of the company’s stock.

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.