2 weeks Ago By ABMN Staff
Rhumbline Advisers increased its position in shares of Ranger Energy Services, Inc. ( NYSE:RNGR – Free Report ) by 18.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 23,034 shares of the company’s stock after acquiring an additional 3,528 shares during the period. Rhumbline Advisers owned approximately 0.10% of Ranger Energy Services worth $242,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. CWM LLC increased its position in Ranger Energy Services by 60.2% in the 2nd quarter.
CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after purchasing an additional 1,320 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of Ranger Energy Services during the 2nd quarter valued at about $30,000. Janney Montgomery Scott LLC boosted its stake in Ranger Energy Services by 10.
0% in the 1st quarter. Janney Montgomery Scott LLC now owns 44,860 shares of the company’s stock valued at $506,000 after buying an additional 4,072 shares in the last quarter. Vanguard Group Inc.
boosted its position in Ranger Energy Services by 0.8% in the first quarter. Vanguard Group Inc.
now owns 704,514 shares of the company’s stock valued at $7,954,000 after buying an additional 5,869 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Ranger Energy Services by 4.
5% during the first quarter. Russell Investments Group Ltd. now owns 173,750 shares of the company’s stock worth $1,962,000 after purchasing an additional 7,431 shares during the last quarter.
68.10% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes Several analysts have weighed in on the company.
Barclays boosted their price objective on Ranger Energy Services from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, August 16th.
Piper Sandler lowered their price objective on shares of Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, July 15th.
Ranger Energy Services Stock Up 2.4 % Shares of NYSE RNGR opened at $11.71 on Friday.
The business’s 50 day moving average price is $11.87 and its two-hundred day moving average price is $11.08.
Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $14.
64. The company has a market cap of $260.20 million, a PE ratio of 17.
22 and a beta of 0.49. Ranger Energy Services ( NYSE:RNGR – Get Free Report ) last posted its quarterly earnings data on Monday, July 29th.
The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.
15. The firm had revenue of $138.10 million during the quarter, compared to the consensus estimate of $138.
00 million. Ranger Energy Services had a net margin of 2.61% and a return on equity of 5.
73%. During the same quarter in the previous year, the firm posted $0.24 EPS.
Ranger Energy Services Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.05 dividend.
The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.20 annualized dividend and a dividend yield of 1.
71%. Ranger Energy Services’s payout ratio is 29.41%.
Insider Transactions at Ranger Energy Services In other Ranger Energy Services news, SVP J. Matt Hooker sold 7,803 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $12.
27, for a total value of $95,742.81. Following the completion of the transaction, the senior vice president now directly owns 92,600 shares in the company, valued at $1,136,202.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Company insiders own 3.00% of the company’s stock.
Ranger Energy Services Company Profile ( 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. Featured Articles Want to see what other hedge funds are holding RNGR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Ranger Energy Services, Inc. ( NYSE:RNGR – Free Report ). Receive News & Ratings for Ranger Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ranger Energy Services and related companies with MarketBeat.
com's FREE daily email newsletter ..
