Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Down 24.0% in January

Ranger Energy Services, Inc. (NYSE:RNGR) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 191,000 shares, a drop of 24.0% from the January 15th total of 251,200 shares. Based on an average daily volume of 157,500 shares, the short-interest ratio is currently 1.2 days.

Ranger Energy Services Trading Up 1.2 %

RNGR stock traded up $0.21 during mid-day trading on Friday, hitting $17.80. 61,838 shares of the company were exchanged, compared to its average volume of 111,960. The company has a market capitalization of $396.05 million, a PE ratio of 26.97 and a beta of 0.55. Ranger Energy Services has a twelve month low of $9.27 and a twelve month high of $18.10. The firm has a fifty day simple moving average of $16.22 and a 200 day simple moving average of $14.20.

Insider Activity at Ranger Energy Services

In related news, Director Brett T. Agee sold 8,236 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $16.73, for a total transaction of $137,788.28. Following the completion of the sale, the director now directly owns 2,350,664 shares of the company’s stock, valued at approximately $39,326,608.72. This trade represents a 0.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brett T. Agee sold 61,905 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $16.67, for a total transaction of $1,031,956.35. Following the sale, the director now directly owns 31,905 shares of the company’s stock, valued at approximately $531,856.35. The trade was a 65.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 415,836 shares of company stock valued at $6,863,316. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its holdings in Ranger Energy Services by 3.2% during the 4th quarter. Northern Trust Corp now owns 127,087 shares of the company’s stock worth $1,967,000 after acquiring an additional 3,887 shares in the last quarter. Quarry LP acquired a new position in Ranger Energy Services during the 4th quarter worth $65,000. Susquehanna Fundamental Investments LLC acquired a new position in Ranger Energy Services during the 4th quarter worth $502,000. Hsbc Holdings PLC grew its holdings in Ranger Energy Services by 40.4% during the 4th quarter. Hsbc Holdings PLC now owns 20,804 shares of the company’s stock worth $321,000 after acquiring an additional 5,983 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Ranger Energy Services by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company’s stock valued at $16,013,000 after buying an additional 75,088 shares during the period. 68.10% of the stock is owned by institutional investors and hedge funds.

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.