Acuitas Investments LLC Boosts Stock Holdings in Ranger Energy Services, Inc. $RNGR

Acuitas Investments LLC grew its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 52.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 226,479 shares of the company’s stock after buying an additional 78,259 shares during the period. Ranger Energy Services accounts for 2.0% of Acuitas Investments LLC’s investment portfolio, making the stock its 25th largest position. Acuitas Investments LLC owned about 1.04% of Ranger Energy Services worth $3,180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of RNGR. Quantbot Technologies LP boosted its stake in Ranger Energy Services by 51.7% in the 2nd quarter. Quantbot Technologies LP now owns 6,277 shares of the company’s stock worth $75,000 after purchasing an additional 2,140 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Ranger Energy Services by 97.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,602 shares of the company’s stock worth $79,000 after purchasing an additional 2,758 shares in the last quarter. Russell Investments Group Ltd. grew its position in Ranger Energy Services by 46.0% during the third quarter. Russell Investments Group Ltd. now owns 8,009 shares of the company’s stock valued at $112,000 after acquiring an additional 2,525 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Ranger Energy Services during the 2nd quarter valued at $125,000. Finally, Osaic Holdings Inc. grew its stake in shares of Ranger Energy Services by 134.1% during the second quarter. Osaic Holdings Inc. now owns 10,626 shares of the company’s stock valued at $127,000 after buying an additional 6,087 shares during the last quarter. 68.10% of the stock is owned by institutional investors.

Ranger Energy Services Price Performance

Shares of RNGR stock opened at $17.19 on Wednesday. The stock has a 50 day simple moving average of $16.07 and a 200-day simple moving average of $14.55. The company has a market cap of $371.41 million, a price-to-earnings ratio of 31.83 and a beta of 0.15. Ranger Energy Services, Inc. has a 1-year low of $10.56 and a 1-year high of $17.89.

Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Thursday, March 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). Ranger Energy Services had a net margin of 2.25% and a return on equity of 4.54%. The company had revenue of $142.20 million during the quarter, compared to analyst estimates of $140.67 million.

Ranger Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 20th. Ranger Energy Services’s dividend payout ratio (DPR) is currently 44.44%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Ranger Energy Services from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Piper Sandler upgraded Ranger Energy Services from a “neutral” rating to an “overweight” rating in a report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ranger Energy Services in a research note on Monday, December 29th. Finally, Zacks Research upgraded Ranger Energy Services from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

About Ranger Energy Services

Ranger Energy Services, Inc, based in The Woodlands, Texas, is a North American land drilling contractor serving exploration and production companies in the oil and natural gas industry. The company provides contract drilling, well servicing, pressure pumping and completion support services designed to enhance operational efficiency and optimize well performance.

Through its diversified fleet of drilling and service rigs and ancillary equipment, Ranger offers turnkey solutions across all phases of the drilling lifecycle—from pad construction and drilling to completion and workover operations.