Ranger Energy Services, Inc. (NYSE:RNGR) Sees Large Increase in Short Interest

Ranger Energy Services, Inc. (NYSE:RNGR) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 129,400 shares, a growth of 37.8% from the April 30th total of 93,900 shares. Based on an average daily volume of 128,600 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the stock are short sold.

Ranger Energy Services Stock Performance

NYSE:RNGR opened at $11.17 on Wednesday. The firm has a market cap of $251.28 million, a P/E ratio of 16.92 and a beta of 0.33. Ranger Energy Services has a one year low of $9.57 and a one year high of $18.45. The firm has a 50-day simple moving average of $11.94 and a 200-day simple moving average of $14.64.

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

Ranger Energy Services Announces Dividend

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

Insider Buying and Selling

In other news, Director Brett T. Agee sold 13,343 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total transaction of $193,740.36. Following the completion of the sale, the director now directly owns 1,782,232 shares of the company’s stock, valued at approximately $25,878,008.64. The trade was a 0.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 43,882 shares of company stock worth $639,858. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Ranger Energy Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE purchased a new position in shares of Ranger Energy Services in the 1st quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new position in Ranger Energy Services during the fourth quarter worth $26,000. Pinnacle Holdings LLC acquired a new stake in Ranger Energy Services during the first quarter worth about $29,000. Quarry LP acquired a new stake in Ranger Energy Services during the fourth quarter worth $65,000. Finally, CWM LLC lifted its position in Ranger Energy Services by 28.3% in the first 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 last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.

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.