Short Interest in Ranger Energy Services, Inc. (NYSE:RNGR) Drops By 17.0%

Ranger Energy Services, Inc. (NYSE:RNGR) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 162,700 shares, a decrease of 17.0% from the February 13th total of 196,100 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 133,000 shares, the days-to-cover ratio is presently 1.2 days.

Ranger Energy Services Price Performance

Shares of RNGR stock traded down $0.05 during trading hours on Tuesday, hitting $14.19. The stock had a trading volume of 120,510 shares, compared to its average volume of 110,912. The firm has a market capitalization of $315.63 million, a PE ratio of 21.50 and a beta of 0.56. Ranger Energy Services has a twelve month low of $9.27 and a twelve month high of $18.45. The stock’s 50 day moving average is $16.57 and its 200 day moving average is $14.82.

Ranger Energy Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.06 dividend. This is an increase from Ranger Energy Services’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, March 14th. Ranger Energy Services’s dividend payout ratio is presently 29.27%.

Insider Activity at Ranger Energy Services

In related news, Director Brett T. Agee sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total value of $438,300.00. Following the completion of the transaction, the director now directly owns 1,803,539 shares of the company’s stock, valued at $26,349,704.79. This represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ranger Energy Services

Several large investors have recently modified their holdings of the company. PharVision Advisers LLC acquired a new stake in shares of Ranger Energy Services in the fourth quarter valued at approximately $245,000. Squarepoint Ops LLC acquired a new stake in shares of Ranger Energy Services in the fourth quarter valued at approximately $429,000. Two Sigma Advisers LP raised its stake in shares of Ranger Energy Services by 49.4% during the fourth quarter. Two Sigma Advisers LP now owns 34,500 shares of the company’s stock worth $534,000 after purchasing an additional 11,400 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Ranger Energy Services by 60.2% during the fourth quarter. Two Sigma Investments LP now owns 77,056 shares of the company’s stock worth $1,193,000 after purchasing an additional 28,965 shares during the last quarter. Finally, Man Group plc purchased a new stake in shares of Ranger Energy Services during the fourth quarter worth approximately $887,000. 68.10% of the stock is owned by institutional investors and hedge funds.

Ranger Energy Services Company 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.