Ranger Energy Services, Inc. (RNGR) to Issue Quarterly Dividend of $0.06 on April 6th

Ranger Energy Services, Inc. (NYSE:RNGR) announced a quarterly dividend on Thursday, March 5th. Investors of record on Friday, March 20th will be paid a dividend of 0.06 per share on Monday, April 6th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 20th.

Ranger Energy Services has a dividend payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings.

Ranger Energy Services Stock Up 1.9%

Shares of NYSE:RNGR opened at $17.19 on Wednesday. Ranger Energy Services has a 52-week low of $10.56 and a 52-week high of $17.89. The stock has a market cap of $371.41 million, a P/E ratio of 31.83 and a beta of 0.15. The business’s 50 day moving average is $16.07 and its 200 day moving average is $14.55.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Thursday, March 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Ranger Energy Services had a net margin of 2.25% and a return on equity of 4.54%. The firm had revenue of $142.20 million for the quarter, compared to the consensus estimate of $140.67 million.

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.