Deutsche Bank AG Makes New Investment in Ranger Energy Services, Inc. (NYSE:RNGR)

Deutsche Bank AG acquired a new stake in Ranger Energy Services, Inc. (NYSE:RNGR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,925 shares of the company’s stock, valued at approximately $92,000.

Several other hedge funds also recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new position in Ranger Energy Services during the 4th quarter worth $26,000. Wells Fargo & Company MN raised its stake in Ranger Energy Services by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,195 shares of the company’s stock valued at $142,000 after acquiring an additional 2,003 shares during the period. SG Americas Securities LLC increased its position in shares of Ranger Energy Services by 17.2% during the fourth quarter. SG Americas Securities LLC now owns 14,417 shares of the company’s stock valued at $223,000 after buying an additional 2,114 shares during the period. AlphaQuest LLC increased its position in shares of Ranger Energy Services by 77.1% during the fourth quarter. AlphaQuest LLC now owns 6,529 shares of the company’s stock valued at $101,000 after buying an additional 2,842 shares during the period. Finally, Invesco Ltd. increased its position in shares of Ranger Energy Services by 7.6% during the fourth quarter. Invesco Ltd. now owns 52,470 shares of the company’s stock valued at $812,000 after buying an additional 3,711 shares during the period. Institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Stock Up 2.8%

Shares of Ranger Energy Services stock opened at $11.17 on Wednesday. The company has a market cap of $251.28 million, a PE ratio of 16.92 and a beta of 0.33. The business has a 50 day moving average of $11.94 and a 200 day moving average of $14.64. Ranger Energy Services, Inc. has a 52 week low of $9.57 and a 52 week high of $18.45.

Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The firm had revenue of $135.20 million during the quarter, compared to the consensus estimate of $137.50 million. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%.

Ranger Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.15%. Ranger Energy Services’s payout ratio is presently 27.27%.

Insider Activity at Ranger Energy Services

In other Ranger Energy Services news, Director Brett T. Agee sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total value of $438,300.00. Following the transaction, the director now directly owns 1,803,539 shares of the company’s stock, valued at approximately $26,349,704.79. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 43,882 shares of company stock valued at $639,858 over the last ninety days. Insiders own 2.80% of the company’s stock.

Ranger Energy Services Company Profile

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.