Ranger Energy Services Inc (RNGR) Major Shareholder Brc Partners Opportunity Fund, Sells 4,914 Shares

Ranger Energy Services Inc (NYSE:RNGR) major shareholder Brc Partners Opportunity Fund, sold 4,914 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $8.29, for a total transaction of $40,737.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of RNGR stock traded up $0.11 during trading hours on Monday, hitting $8.26. 3,453 shares of the company’s stock traded hands, compared to its average volume of 10,871. Ranger Energy Services Inc has a 12-month low of $4.70 and a 12-month high of $10.78. The firm has a market capitalization of $126.46 million, a price-to-earnings ratio of 18.36, a PEG ratio of 2.36 and a beta of 3.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.95 and a current ratio of 1.04.

Several hedge funds have recently added to or reduced their stakes in RNGR. CAPROCK Group Inc. lifted its holdings in shares of Ranger Energy Services by 28.7% during the fourth quarter. CAPROCK Group Inc. now owns 12,868 shares of the company’s stock valued at $67,000 after purchasing an additional 2,868 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Ranger Energy Services during the fourth quarter valued at approximately $77,000. Vanguard Group Inc lifted its holdings in shares of Ranger Energy Services by 6.1% during the third quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock valued at $2,148,000 after purchasing an additional 14,832 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ranger Energy Services by 6.1% during the third quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock valued at $2,148,000 after purchasing an additional 14,832 shares during the last quarter. Finally, B. Riley Financial Inc. lifted its holdings in shares of Ranger Energy Services by 1.2% during the fourth quarter. B. Riley Financial Inc. now owns 886,726 shares of the company’s stock valued at $4,584,000 after purchasing an additional 10,500 shares during the last quarter. Hedge funds and other institutional investors own 28.84% of the company’s stock.

Several analysts have commented on RNGR shares. Zacks Investment Research upgraded shares of Ranger Energy Services from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Thursday, March 14th. Capital One Financial lowered shares of Ranger Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 16th. ValuEngine upgraded shares of Ranger Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Credit Suisse Group set a $8.00 price objective on shares of Ranger Energy Services and gave the stock a “hold” rating in a report on Thursday, March 7th. Finally, Wells Fargo & Co upgraded shares of Ranger Energy Services from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $8.00 to $11.00 in a report on Friday, March 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ranger Energy Services presently has a consensus rating of “Buy” and a consensus target price of $10.08.

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About Ranger Energy Services

Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; workover services, including retrieval and replacement of existing production tubing; well maintenance services comprising replacement of downhole artificial lift components; and decommissioning services consisting of plugging and abandonment services.

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