Ranger Energy Services, Inc. (NYSE:RNGR – Get Free Report) announced a quarterly dividend on Monday, November 9th. Investors of record on Friday, November 20th will be paid a dividend of $0.06 per share on Friday, December 4th. This represents a $0.24 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, November 20th.
Ranger Energy Services has a payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ranger Energy Services to earn $1.46 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 16.4%.
Ranger Energy Services Price Performance
Shares of NYSE:RNGR opened at $12.42 on Tuesday. The company has a market capitalization of $290.60 million, a P/E ratio of 22.62 and a beta of 0.25. Ranger Energy Services has a 1 year low of $11.88 and a 1 year high of $18.82. The business’s 50 day simple moving average is $15.41 and its 200 day simple moving average is $16.16.
Ranger Energy Services (NYSE:RNGR – Get Free Report) last released its earnings results on Monday, November 9th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16). The company had revenue of $162.80 million for the quarter, compared to analyst estimates of $175.83 million. Ranger Energy Services had a return on equity of 4.87% and a net margin of 2.36%. On average, sell-side analysts anticipate that Ranger Energy Services will post 1.17 EPS for the current fiscal year.
About Ranger Energy Services
Ranger Energy Services, Inc is an oilfield services company that supports the development, maintenance and production of oil and natural gas wells. The company primarily serves the onshore U.S. energy market, providing services throughout the life cycle of mature and producing wells.
Its operations include well servicing, workover and completion services, wireline and electric-line services, and equipment rental. Ranger’s well-servicing business uses a fleet of rigs to perform activities such as well maintenance, recompletions, remedial work and plugging and abandonment.
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