Ranger Energy Services Inc (RNGR) Major Shareholder Sells $40,737.06 in Stock

Ranger Energy Services Inc (NYSE:RNGR) major shareholder Brc Partners Opportunity Fund, sold 4,914 shares of Ranger Energy Services stock in a transaction on 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 available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Brc Partners Opportunity Fund, also recently made the following trade(s):

  • On Friday, May 3rd, Brc Partners Opportunity Fund, sold 21,197 shares of Ranger Energy Services stock. The stock was sold at an average price of $7.77, for a total transaction of $164,700.69.
  • On Monday, April 29th, Brc Partners Opportunity Fund, sold 22,100 shares of Ranger Energy Services stock. The shares were sold at an average price of $7.50, for a total transaction of $165,750.00.
  • On Tuesday, April 23rd, Brc Partners Opportunity Fund, sold 8,772 shares of Ranger Energy Services stock. The stock was sold at an average price of $7.55, for a total transaction of $66,228.60.

NYSE:RNGR opened at $7.51 on Wednesday. The stock has a market capitalization of $114.06 million, a PE ratio of 16.69, a PEG ratio of 2.04 and a beta of 3.30. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. Ranger Energy Services Inc has a fifty-two week low of $4.70 and a fifty-two week high of $10.78.

RNGR has been the topic of several research reports. Zacks Investment Research raised shares of Ranger Energy Services from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Wednesday, April 10th. Barclays reissued a “buy” rating and set a $11.00 target price on shares of Ranger Energy Services in a research report on Sunday. Capital One Financial downgraded shares of Ranger Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 16th. Credit Suisse Group set a $8.00 target price on shares of Ranger Energy Services and gave the company a “hold” rating in a research report on Thursday, March 7th. Finally, ValuEngine raised shares of Ranger Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $10.17.

A number of hedge funds have recently added to or reduced their stakes in RNGR. CAPROCK Group Inc. increased its stake in Ranger Energy Services by 28.7% during the fourth quarter. CAPROCK Group Inc. now owns 12,868 shares of the company’s stock worth $67,000 after purchasing an additional 2,868 shares during the period. Dimensional Fund Advisors LP purchased a new position in Ranger Energy Services in the fourth quarter worth $77,000. Vanguard Group Inc raised its position in Ranger Energy Services by 6.1% in the third quarter. Vanguard Group Inc now owns 256,399 shares of the company’s stock worth $2,148,000 after acquiring an additional 14,832 shares in the last quarter. Vanguard Group Inc. raised its position in Ranger Energy Services by 6.1% in the third quarter. Vanguard Group Inc. now owns 256,399 shares of the company’s stock worth $2,148,000 after acquiring an additional 14,832 shares in the last quarter. Finally, B. Riley Financial Inc. raised its position in Ranger Energy Services by 1.2% in the fourth quarter. B. Riley Financial Inc. now owns 886,726 shares of the company’s stock worth $4,584,000 after acquiring an additional 10,500 shares in the last quarter. Institutional investors own 28.76% of the company’s stock.

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Ranger Energy Services Company Profile

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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Insider Buying and Selling by Quarter for Ranger Energy Services (NYSE:RNGR)

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