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Brett T. Agee, a director at Ranger Energy Services , Inc. (NYSE:RNGR), recently sold a significant portion of the company’s Class A Common Stock. The transactions, conducted over several days from March 10 to March 13, 2025, amounted to a total value of $705,205. The shares were sold at prices ranging from $14.50 to $14.6518 per share. The sales come as the stock, currently trading at $14.26, has declined 9.88% year-to-date, though InvestingPro analysis indicates the company maintains a GOOD financial health score.
The sales began with 439 shares on March 10 at an average price of $14.50, followed by 10,021 shares on March 11 at prices between $14.50 and $14.61. On March 12, Agee sold 30,000 shares at a price range of $14.50 to $14.85, and concluded with 7,864 shares on March 13, again within the $14.50 to $14.85 range. Following these transactions, Agee holds 1,795,675 shares indirectly through Bayou Well Holdings Company, LLC. The stock’s technical indicators from InvestingPro suggest it’s currently in oversold territory, with 8 additional key insights available to subscribers.
Agee, who is also a managing member of Bayou Well Holdings Company, LLC, may be deemed to have voting and dispositive power over the shares held by the LLC, although he disclaims beneficial ownership except to the extent of his pecuniary interest. For comprehensive insider trading analysis and detailed financial metrics, access the full Ranger Energy Services research report on InvestingPro, part of their coverage of 1,400+ US stocks.
In other recent news, Ranger Energy Services reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.39, significantly higher than the projected $0.21. The company also exceeded revenue forecasts, reporting $153 million against an anticipated $142.4 million. Despite this earnings beat, Ranger Energy’s stock saw a slight decline, which may be attributed to broader market conditions. The company announced a 20% increase in its dividend, reflecting confidence in its cash flow and financial stability. Ranger Energy Services also indicated plans for modest growth in 2025, focusing on strategic expansions in key segments such as plugging and abandonment. The company’s full-year revenue for 2024 was $571.1 million, marking a 10% decrease from the previous year, yet strategic expansions and operational efficiencies have been highlighted as strengths. Analysts from Johnson Rice and Daniel Energy Partners noted the company’s resilience and strategic positioning within the well-servicing markets. Looking forward, Ranger Energy Services expects consistent demand and potential growth in the latter half of 2025, especially in the plugging and abandonment sector.
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