Strs Ohio Purchases 8,300 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Strs Ohio grew its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 19.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,800 shares of the company’s stock after buying an additional 8,300 shares during the period. Strs Ohio owned approximately 0.21% of Ranger Energy Services worth $519,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new position in Ranger Energy Services in the fourth quarter valued at about $29,000. Barclays PLC raised its stake in Ranger Energy Services by 120.8% in the second quarter. Barclays PLC now owns 3,138 shares of the company’s stock valued at $33,000 after purchasing an additional 1,717 shares in the last quarter. Quantbot Technologies LP acquired a new position in Ranger Energy Services in the third quarter valued at about $45,000. Allspring Global Investments Holdings LLC acquired a new position in Ranger Energy Services in the third quarter valued at about $105,000. Finally, Brandywine Global Investment Management LLC acquired a new position in Ranger Energy Services in the third quarter valued at about $161,000. Institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Price Performance

RNGR stock opened at $10.25 on Friday. The company has a market cap of $232.27 million, a PE ratio of 10.68 and a beta of 0.60. The business has a 50-day simple moving average of $11.03 and a 200 day simple moving average of $10.85. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $14.64.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.24). Ranger Energy Services had a net margin of 3.74% and a return on equity of 8.67%. The business had revenue of $151.50 million during the quarter, compared to the consensus estimate of $151.00 million. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, analysts anticipate that Ranger Energy Services, Inc. will post 0.84 EPS for the current fiscal year.

Ranger Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, March 14th. Ranger Energy Services’s dividend payout ratio is presently 20.83%.

Insider Buying and Selling at Ranger Energy Services

In other Ranger Energy Services news, Director Charles S. Leykum sold 6,000 shares of Ranger Energy Services stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $11.64, for a total value of $69,840.00. Following the transaction, the director now owns 3,994,000 shares in the company, valued at $46,490,160. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Charles S. Leykum sold 6,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $11.64, for a total transaction of $69,840.00. Following the sale, the director now directly owns 3,994,000 shares in the company, valued at $46,490,160. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles S. Leykum sold 132,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $11.08, for a total value of $1,462,560.00. Following the sale, the director now owns 3,562,000 shares in the company, valued at $39,466,960. The disclosure for this sale can be found here. Insiders have sold a total of 378,000 shares of company stock worth $4,212,500 over the last 90 days. Insiders own 3.00% of the company’s stock.

About Ranger Energy Services

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.