Ranger Energy Services (NYSE:RNGR) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Ranger Energy Services (NYSE:RNGRFree Report) from a buy rating to a strong-buy rating in a research note published on Saturday.

Separately, Piper Sandler assumed coverage on shares of Ranger Energy Services in a research report on Monday, July 14th. They set a “neutral” rating and a $13.00 price objective on the stock. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Ranger Energy Services currently has an average rating of “Hold” and a consensus target price of $13.00.

View Our Latest Research Report on Ranger Energy Services

Ranger Energy Services Stock Up 4.4%

Shares of NYSE RNGR opened at $14.26 on Friday. The stock’s 50-day simple moving average is $13.03 and its two-hundred day simple moving average is $12.75. Ranger Energy Services has a twelve month low of $10.56 and a twelve month high of $18.45. The firm has a market capitalization of $311.48 million, a P/E ratio of 14.40 and a beta of 0.45.

Ranger Energy Services (NYSE:RNGRGet Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.24 by $0.08. The company had revenue of $140.60 million during the quarter, compared to analyst estimates of $141.70 million. Ranger Energy Services had a return on equity of 8.36% and a net margin of 3.92%.

Ranger Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 8th. Ranger Energy Services’s dividend payout ratio (DPR) is 24.24%.

Insider Activity at Ranger Energy Services

In other news, Director Brett T. Agee sold 11,147 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $12.63, for a total transaction of $140,786.61. Following the completion of the sale, the director directly owned 1,070,552 shares in the company, valued at approximately $13,521,071.76. This represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 24,285 shares of company stock worth $309,184 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Ranger Energy Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE purchased a new position in Ranger Energy Services during the 1st quarter valued at $25,000. Pinnacle Holdings LLC bought a new stake in shares of Ranger Energy Services during the 1st quarter valued at about $29,000. Quantbot Technologies LP increased its position in shares of Ranger Energy Services by 51.7% during the second quarter. Quantbot Technologies LP now owns 6,277 shares of the company’s stock valued at $75,000 after buying an additional 2,140 shares during the period. CWM LLC lifted its holdings in Ranger Energy Services by 28.3% in the first quarter. CWM LLC now owns 5,850 shares of the company’s stock worth $83,000 after buying an additional 1,289 shares during the period. Finally, Deutsche Bank AG bought a new stake in Ranger Energy Services during the 4th quarter valued at approximately $92,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Company Profile

(Get Free Report)

Ranger Energy Services, Inc provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services.

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