Ranger Energy Services Inc (NYSE:RNGR) Insider Sells $164,700.69 in Stock

Ranger Energy Services Inc (NYSE:RNGR) insider Brc Partners Opportunity Fund, sold 21,197 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $7.77, for a total transaction of $164,700.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Brc Partners Opportunity Fund, also recently made the following trade(s):

  • On Monday, April 29th, Brc Partners Opportunity Fund, sold 22,100 shares of Ranger Energy Services stock. The stock was sold at an average price of $7.50, for a total transaction of $165,750.00.
  • On Tuesday, April 23rd, Brc Partners Opportunity Fund, sold 8,772 shares of Ranger Energy Services stock. The stock was sold at an average price of $7.55, for a total transaction of $66,228.60.
  • On Monday, April 15th, Brc Partners Opportunity Fund, sold 4,914 shares of Ranger Energy Services stock. The stock was sold at an average price of $8.29, for a total transaction of $40,737.06.

Shares of Ranger Energy Services stock opened at $6.32 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. Ranger Energy Services Inc has a 1 year low of $4.70 and a 1 year high of $10.78. The stock has a market cap of $97.39 million, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 1.69 and a beta of 3.30.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Tuesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.11. Ranger Energy Services had a net margin of 1.34% and a return on equity of 2.31%. The company had revenue of $88.30 million for the quarter, compared to analysts’ expectations of $86.70 million. As a group, equities research analysts forecast that Ranger Energy Services Inc will post 0.81 earnings per share for the current fiscal year.

Several research analysts recently commented on RNGR shares. Zacks Investment Research raised shares of Ranger Energy Services from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Wednesday, April 10th. Barclays reaffirmed a “buy” rating and issued a $11.00 price target on shares of Ranger Energy Services in a research note on Sunday, May 5th. Credit Suisse Group set a $8.00 target price on shares of Ranger Energy Services and gave the stock a “hold” rating in a report on Thursday, March 7th. Finally, ValuEngine upgraded shares of Ranger Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.29.

Several large investors have recently added to or reduced their stakes in the company. B. Riley Financial Inc. boosted its stake in Ranger Energy Services by 1.2% in the 4th quarter. B. Riley Financial Inc. now owns 886,726 shares of the company’s stock worth $4,584,000 after purchasing an additional 10,500 shares in the last quarter. FMR LLC boosted its stake in Ranger Energy Services by 1.7% in the 3rd quarter. FMR LLC now owns 781,042 shares of the company’s stock worth $6,545,000 after purchasing an additional 13,415 shares in the last quarter. Vanguard Group Inc boosted its stake in Ranger Energy Services by 6.1% in the 3rd quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock worth $2,148,000 after purchasing an additional 14,832 shares in the last quarter. Vanguard Group Inc. boosted its stake in Ranger Energy Services by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock worth $2,148,000 after purchasing an additional 14,832 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Ranger Energy Services by 71.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 25,534 shares of the company’s stock worth $204,000 after purchasing an additional 10,680 shares in the last quarter. Institutional investors and hedge funds own 28.12% of the company’s stock.

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Ranger Energy Services Company Profile

Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; workover services, including retrieval and replacement of existing production tubing; well maintenance services comprising replacement of downhole artificial lift components; and decommissioning services consisting of plugging and abandonment services.

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Insider Buying and Selling by Quarter for Ranger Energy Services (NYSE:RNGR)

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