Insider Selling: Ranger Energy Services Inc (RNGR) Major Shareholder Sells 8,772 Shares of Stock

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Ranger Energy Services Inc (NYSE:RNGR) major shareholder Brc Partners Opportunity Fund, sold 8,772 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $7.55, for a total value of $66,228.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, April 15th, Brc Partners Opportunity Fund, sold 4,914 shares of Ranger Energy Services stock. The stock was sold at an average price of $8.29, for a total value of $40,737.06.

RNGR stock traded up $0.14 during trading on Tuesday, reaching $7.55. 11,000 shares of the company traded hands, compared to its average volume of 6,727. Ranger Energy Services Inc has a 12 month low of $4.70 and a 12 month high of $10.78. The company has a market cap of $113.48 million, a P/E ratio of 17.36, a PEG ratio of 2.11 and a beta of 3.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 0.95.

A number of hedge funds have recently modified their holdings of the stock. CAPROCK Group Inc. boosted its position in 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 in the last quarter. B. Riley Financial Inc. boosted its position in 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 in the last quarter. FMR LLC boosted its position in Ranger Energy Services by 1.7% during the third quarter. FMR LLC now owns 781,042 shares of the company’s stock valued at $6,545,000 after purchasing an additional 13,415 shares in the last quarter. Vanguard Group Inc boosted its position in 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 in the last quarter. Finally, Vanguard Group Inc. boosted its position in 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 in the last quarter. 28.84% of the stock is currently owned by institutional investors.

RNGR has been the topic of a number of recent research reports. Zacks Investment Research raised Ranger Energy Services from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Thursday, March 14th. Capital One Financial downgraded Ranger Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 16th. ValuEngine raised Ranger Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, Credit Suisse Group set a $8.00 price target on Ranger Energy Services and gave the stock a “hold” rating in a research report on Thursday, March 7th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $10.04.

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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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