Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Down 18.3% in April

Ranger Energy Services, Inc. (NYSE:RNGR) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 387,400 shares, a drop of 18.3% from the March 31st total of 474,400 shares. Based on an average daily trading volume, of 166,700 shares, the days-to-cover ratio is presently 2.3 days.

Ranger Energy Services Price Performance

RNGR stock remained flat at $10.25 during mid-day trading on Friday. 171,531 shares of the company’s stock traded hands, compared to its average volume of 116,969. Ranger Energy Services has a 52-week low of $9.27 and a 52-week high of $14.64. The stock has a market capitalization of $232.27 million, a price-to-earnings ratio of 10.68 and a beta of 0.60. The stock’s 50 day moving average is $11.03 and its two-hundred day moving average is $10.85.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Tuesday, March 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.24). The firm had revenue of $151.50 million during the quarter, compared to the consensus estimate of $151.00 million. Ranger Energy Services had a net margin of 3.74% and a return on equity of 8.67%. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, analysts anticipate that Ranger Energy Services will post 0.84 earnings per share for the current year.

Ranger Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, March 14th. Ranger Energy Services’s dividend payout ratio (DPR) is presently 20.83%.

Insider Transactions at Ranger Energy Services

In other news, Director Charles S. Leykum sold 132,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $11.08, for a total transaction of $1,462,560.00. Following the completion of the sale, the director now owns 3,562,000 shares in the company, valued at approximately $39,466,960. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Ranger Energy Services news, Director Charles S. Leykum sold 25,000 shares of Ranger Energy Services stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $11.40, for a total value of $285,000.00. Following the completion of the sale, the director now owns 3,969,000 shares in the company, valued at approximately $45,246,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles S. Leykum sold 132,000 shares of Ranger Energy Services stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $11.08, for a total transaction of $1,462,560.00. Following the completion of the sale, the director now owns 3,562,000 shares of the company’s stock, valued at approximately $39,466,960. The disclosure for this sale can be found here. In the last 90 days, insiders sold 378,000 shares of company stock worth $4,212,500. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ranger Energy Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Copeland Capital Management LLC bought a new stake in shares of Ranger Energy Services during the 4th quarter valued at approximately $29,000. Barclays PLC grew its holdings in shares of Ranger Energy Services by 120.8% during the 2nd quarter. Barclays PLC now owns 3,138 shares of the company’s stock valued at $33,000 after purchasing an additional 1,717 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Ranger Energy Services by 425.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,934 shares of the company’s stock valued at $40,000 after purchasing an additional 3,186 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Ranger Energy Services during the 3rd quarter valued at approximately $45,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Ranger Energy Services during the 4th quarter valued at approximately $96,000. 68.10% of the stock is owned by institutional investors.

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.