Ranger Energy Services, Inc. $RNGR Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 52.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,799 shares of the company’s stock after selling 127,518 shares during the period. Franklin Resources Inc. owned approximately 0.54% of Ranger Energy Services worth $1,407,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. US Bancorp DE purchased a new stake in shares of Ranger Energy Services in the first quarter valued at about $25,000. Pinnacle Holdings LLC purchased a new position in Ranger Energy Services during the first quarter worth about $29,000. CWM LLC lifted its position in Ranger Energy Services by 20.3% in the second quarter. CWM LLC now owns 7,035 shares of the company’s stock valued at $84,000 after purchasing an additional 1,185 shares during the period. Deutsche Bank AG boosted its holdings in Ranger Energy Services by 38.9% in the 1st quarter. Deutsche Bank AG now owns 8,232 shares of the company’s stock valued at $117,000 after purchasing an additional 2,307 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in Ranger Energy Services during the 2nd quarter worth approximately $132,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Insider Activity

In other news, Director Brett T. Agee sold 14,014 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $14.51, for a total value of $203,343.14. Following the sale, the director directly owned 987,791 shares in the company, valued at $14,332,847.41. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 57,403 shares of company stock valued at $830,857 over the last quarter. 2.80% of the stock is owned by corporate insiders.

Ranger Energy Services Stock Performance

Shares of RNGR stock opened at $13.95 on Friday. The stock has a fifty day moving average price of $13.49 and a 200 day moving average price of $12.99. The stock has a market cap of $301.46 million, a PE ratio of 21.46 and a beta of 0.16. Ranger Energy Services, Inc. has a 1 year low of $10.56 and a 1 year high of $18.45.

Ranger Energy Services (NYSE:RNGR) last posted its earnings results on Monday, November 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.33). Ranger Energy Services had a net margin of 2.72% and a return on equity of 5.60%. The firm had revenue of $128.90 million during the quarter, compared to analyst estimates of $141.00 million.

Ranger Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were given a dividend of $0.06 per share. The ex-dividend date was Friday, November 21st. This represents a $0.24 dividend on an annualized basis and a yield of 1.7%. Ranger Energy Services’s payout ratio is presently 36.92%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Ranger Energy Services in a research note on Monday. Zacks Research lowered shares of Ranger Energy Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Wall Street Zen cut shares of Ranger Energy Services from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Ranger Energy Services has an average rating of “Hold” and an average target price of $13.00.

Ranger Energy Services 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.