Victory Capital Management Inc. Grows Stake in Ranger Energy Services, Inc. (NYSE:RNGR)

Victory Capital Management Inc. grew its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 20.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,659 shares of the company’s stock after purchasing an additional 7,958 shares during the quarter. Victory Capital Management Inc. owned 0.21% of Ranger Energy Services worth $676,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RNGR. CWM LLC raised its holdings in shares of Ranger Energy Services by 28.3% during the 1st quarter. CWM LLC now owns 5,850 shares of the company’s stock valued at $83,000 after buying an additional 1,289 shares during the period. Rhumbline Advisers grew its position in Ranger Energy Services by 8.5% in the first quarter. Rhumbline Advisers now owns 24,277 shares of the company’s stock valued at $344,000 after acquiring an additional 1,906 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Ranger Energy Services by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,195 shares of the company’s stock valued at $142,000 after purchasing an additional 2,003 shares during the period. Invesco Ltd. raised its stake 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 purchasing an additional 3,711 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Ranger Energy Services by 3.2% during the fourth quarter. Northern Trust Corp now owns 127,087 shares of the company’s stock worth $1,967,000 after purchasing an additional 3,887 shares in the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Price Performance

Shares of Ranger Energy Services stock opened at $12.71 on Friday. Ranger Energy Services, Inc. has a 1-year low of $10.56 and a 1-year high of $18.45. The company has a market capitalization of $285.98 million, a PE ratio of 12.84 and a beta of 0.43. The business has a 50-day moving average of $12.18 and a 200-day moving average of $13.64.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. Ranger Energy Services had a return on equity of 8.36% and a net margin of 3.92%. The firm had revenue of $140.60 million during the quarter, compared to the consensus estimate of $141.70 million.

Ranger Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, August 8th. Ranger Energy Services’s payout ratio is 24.24%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler began coverage on shares of Ranger Energy Services in a research note on Monday, July 14th. They issued a “neutral” rating and a $13.00 target price for the company.

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.