Simcoe Capital LLC Makes New $2.80 Million Investment in Ranger Energy Services, Inc. $RNGR

Simcoe Capital LLC acquired a new position in Ranger Energy Services, Inc. (NYSE:RNGR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 200,328 shares of the company’s stock, valued at approximately $2,801,000. Ranger Energy Services makes up approximately 2.6% of Simcoe Capital LLC’s holdings, making the stock its 24th largest position.

Several other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Ranger Energy Services by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,193,957 shares of the company’s stock valued at $16,764,000 after purchasing an additional 16,594 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Ranger Energy Services by 0.3% in the 3rd quarter. Royce & Associates LP now owns 1,043,648 shares of the company’s stock worth $14,653,000 after buying an additional 3,046 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Ranger Energy Services by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 845,875 shares of the company’s stock worth $11,876,000 after buying an additional 13,970 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of Ranger Energy Services by 21.2% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 465,148 shares of the company’s stock worth $6,531,000 after buying an additional 81,298 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of 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 buying an additional 418,894 shares during the period. Institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Price Performance

Shares of NYSE RNGR opened at $16.20 on Wednesday. The stock has a market capitalization of $384.98 million, a P/E ratio of 25.72 and a beta of 0.15. Ranger Energy Services, Inc. has a 1-year low of $10.56 and a 1-year high of $18.82. The business has a fifty day moving average price of $17.04 and a 200 day moving average price of $15.46.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings data 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). The company had revenue of $159.10 million for the quarter, compared to analysts’ expectations of $156.20 million. Ranger Energy Services had a return on equity of 5.12% and a net margin of 2.58%. As a group, equities research analysts anticipate 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 will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be paid a $0.06 dividend. The ex-dividend date is Friday, May 8th. This represents a $0.24 dividend on an annualized basis and a yield of 1.5%. Ranger Energy Services’s dividend payout ratio (DPR) is 38.10%.

Analyst Upgrades and Downgrades

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