New insider activity at Ranger Energy Services ( (RNGR) ) has taken place on March 21, 2025.
Director Brett T. Agee recently sold 18,220 shares of Ranger Energy Services stock, generating a total of $264,323 from the transaction.
Recent Updates on RNGR stock
Ranger Energy Services reported strong financial performance in 2024, particularly in its high-spec rigs and ancillary services segments, which achieved record revenues and profitability. The company increased its quarterly dividend, reflecting confidence in its financial stability and commitment to shareholder returns. Despite challenges in the wireline segment, including decreased demand and pricing pressures, and adverse weather conditions affecting early 2025, Ranger Energy Services remains optimistic about future growth. The company maintains a robust balance sheet with significant cash reserves and no long-term debt, positioning it well for strategic opportunities. Overall, the earnings call highlighted the company’s effective capital allocation strategies and disciplined cost management, underscoring its resilience in a competitive market.
More about Ranger Energy Services
YTD Price Performance: -6.16%
Average Trading Volume: 114,455
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $314.9M