Ranger Energy Services (RNGR) Scheduled to Post Quarterly Earnings on Monday

Ranger Energy Services (NYSE:RNGR) is set to issue its quarterly earnings data before the market opens on Monday, October 28th. Parties interested in registering for the company’s conference call can do so using this link.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. Ranger Energy Services had a net margin of 2.61% and a return on equity of 5.73%. The business had revenue of $138.10 million during the quarter, compared to the consensus estimate of $138.00 million. During the same quarter last year, the firm posted $0.24 EPS.

Ranger Energy Services Stock Up 0.4 %

Shares of NYSE RNGR opened at $12.33 on Friday. The firm has a 50-day moving average price of $12.11 and a 200 day moving average price of $11.19. Ranger Energy Services has a 52 week low of $9.27 and a 52 week high of $13.72. The stock has a market capitalization of $282.15 million, a price-to-earnings ratio of 18.13 and a beta of 0.49.

Ranger Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, August 9th. Ranger Energy Services’s dividend payout ratio (DPR) is 29.41%.

Insiders Place Their Bets

In other news, SVP J. Matt Hooker sold 7,803 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $11.92, for a total value of $93,011.76. Following the sale, the senior vice president now directly owns 100,403 shares in the company, valued at $1,196,803.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Piper Sandler dropped their price objective on Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. Barclays upped their target price on Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, August 16th.

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.