BNP Paribas Financial Markets Has $527,000 Position in Ranger Energy Services, Inc. (NYSE:RNGR)

BNP Paribas Financial Markets raised its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGRFree Report) by 683.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,524 shares of the company’s stock after buying an additional 44,949 shares during the period. BNP Paribas Financial Markets owned about 0.21% of Ranger Energy Services worth $527,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RNGR. Barclays PLC boosted its stake in shares of Ranger Energy Services by 50.2% during the 3rd quarter. Barclays PLC now owns 4,713 shares of the company’s stock valued at $67,000 after buying an additional 1,575 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Ranger Energy Services during the 3rd quarter valued at $45,000. Boston Partners acquired a new stake in shares of Ranger Energy Services during the 3rd quarter valued at $872,000. Janney Montgomery Scott LLC acquired a new stake in shares of Ranger Energy Services during the 3rd quarter valued at $493,000. Finally, Foundry Partners LLC acquired a new stake in shares of Ranger Energy Services during the 3rd quarter valued at $698,000. Institutional investors and hedge funds own 68.10% of the company’s stock.

Insider Activity

In other news, Director Charles S. Leykum sold 132,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $11.08, for a total transaction of $1,462,560.00. Following the transaction, the director now owns 3,562,000 shares in the company, valued at approximately $39,466,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Charles S. Leykum sold 215,000 shares of Ranger Energy Services stock in a transaction on Monday, March 25th. The shares were sold at an average price of $11.14, for a total value of $2,395,100.00. Following the transaction, the director now owns 3,754,000 shares in the company, valued at approximately $41,819,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles S. Leykum sold 132,000 shares of Ranger Energy Services stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $11.08, for a total transaction of $1,462,560.00. Following the completion of the transaction, the director now owns 3,562,000 shares in the company, valued at approximately $39,466,960. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 378,000 shares of company stock worth $4,212,500. 3.00% of the stock is owned by corporate insiders.

Ranger Energy Services Stock Up 1.8 %

Ranger Energy Services stock opened at $10.55 on Friday. The company has a market capitalization of $241.38 million, a P/E ratio of 15.51 and a beta of 0.66. The firm’s fifty day simple moving average is $10.73 and its 200-day simple moving average is $10.45. The company has a current ratio of 2.01, a quick ratio of 1.90 and a debt-to-equity ratio of 0.05. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $14.64.

Ranger Energy Services (NYSE:RNGRGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.08). The business had revenue of $136.90 million for the quarter, compared to the consensus estimate of $135.00 million. Ranger Energy Services had a net margin of 2.73% and a return on equity of 6.18%. Sell-side analysts forecast that Ranger Energy Services, Inc. will post 0.43 earnings per share for the current fiscal year.

Ranger Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.90%. Ranger Energy Services’s dividend payout ratio is currently 29.41%.

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.

Further Reading

Institutional Ownership by Quarter for Ranger Energy Services (NYSE:RNGR)

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