Insider Selling: Ranger Energy Services, Inc. Director Sells 19,209 Shares

On December 16th, Brett T. Agee, a director at Ranger Energy Services, Inc. (NYSE:RNGR), sold 19,209 shares of the company's stock. The shares were sold at an average price of $15.30, resulting in a total transaction value of $293,897.70. After this sale, Agee has 1,843,999 shares remaining, valued at approximately $28,213,184.70. This sale reflects a 1.03% decrease in his total ownership of the company. The transaction was made public through a filing with the Securities and Exchange Commission (SEC), which is accessible through their official website.

Additionally, Brett T. Agee has engaged in other stock trades recently. Notably, on November 21st, he sold 61,905 shares of Ranger Energy Services at an average price of $16.67, totaling $1,031,956.35.

Current Stock Performance

As for Ranger Energy Services, the stock encountered a 3.1% drop, opening at $14.93 on Wednesday. Over the past year, the stock has fluctuated, with a low of $9.27 and a high of $17.20. The company currently holds a market capitalization of $332.12 million, with a price-to-earnings (PE) ratio of 22.62 and a beta of 0.51. The stock's moving averages are 50 days at $14.60 and 200 days at $12.47.

Ranger Energy Services released its latest earnings on October 28th, reporting an earnings per share (EPS) of $0.39 for the quarter, surpassing the consensus estimate of $0.29 by $0.10. The company recorded total revenue of $153.00 million, achieving a net margin of 2.54% and a return on equity of 5.54%. In the same quarter of the previous year, it had reported an EPS of $0.38.

Dividend Announcement

Ranger Energy Services recently declared a quarterly dividend which was paid on November 22nd. Shareholders recorded on November 8th received a dividend of $0.05 per share, with the ex-dividend date also on November 8th. This translates to an annualized dividend of $0.20, yielding 1.34%. The company's dividend payout ratio stands at 30.30%.

Institutional Investor Activity

Several institutional investors and hedge funds have made adjustments to their holdings in Ranger Energy Services. For instance, American Century Companies Inc. increased its stake by 29.4% during the second quarter, now owning 277,403 shares valued at approximately $2.92 million after buying 63,006 additional shares. Foundry Partners LLC grew its holdings by 10.1% in the third quarter, now holding 450,897 shares worth about $5.37 million following a purchase of 41,321 shares. Magnolia Capital Advisors LLC also bought a new position valued at $5.34 million during the second quarter. Royce & Associates LP raised its position by 5.9%, owning 981,998 shares valued at $11.70 million after acquiring 54,737 additional shares. Quest Partners LLC increased its shares by 24.4% in the third quarter, holding 3,687 shares now valued at $44,000. Overall, institutional investors and hedge funds collectively own 68.10% of Ranger Energy Services stock.

Company Overview

Ranger Energy Services, Inc. provides onshore high specification well service rigs, wireline services, and complementary offerings to exploration and production companies within the United States. The company operates through three primary sectors: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services.

Additional Information

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