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HOUSTON—Brett T. Agee, a director at Ranger Energy Services , Inc. (NYSE:RNGR), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Agee sold 100,000 shares of Class A Common Stock on March 21, 2025. The shares were sold at a weighted average price of $14.0663, with individual transaction prices ranging from $14.00 to $14.39. The total value of the transaction amounted to approximately $1.41 million. The sale occurred with the stock trading near $14.71, showing relative strength with a 30% gain over the past year.
Following this sale, Agee holds 1,677,355 shares indirectly through Bayou Well Holdings Company, LLC, where he is a managing member. Agee has disclaimed beneficial ownership of these shares except to the extent of his pecuniary interest. According to InvestingPro data, the company maintains strong financial health with a current ratio of 2.21 and low debt-to-equity of 0.12.
This transaction comes as part of Agee’s ongoing management of his investment portfolio, and it reflects his continued involvement in the strategic decisions at Ranger Energy Services. The company, based in Houston, Texas, operates in the oil and gas field services industry. With a market capitalization of $327 million and analysts setting a $20 price target, InvestingPro analysis indicates the stock is currently undervalued, supported by multiple positive financial indicators available in the comprehensive Pro Research Report.
In other recent news, Ranger Energy Services reported its fourth-quarter 2024 earnings, exceeding Wall Street expectations with an earnings per share of $0.39, compared to the projected $0.21. The company also surpassed revenue forecasts, reporting $153 million against the anticipated $142.4 million. Despite these positive results, the company’s stock experienced a slight decline in after-hours trading. Ranger Energy Services increased its dividend by 20%, reflecting confidence in its cash flow and financial stability. The company anticipates modest growth in 2025, with plans to expand its plugging and abandonment business and transition its wireline services. Analysts from firms like Johnson Rice have shown interest in the company’s increased investments in plugging and abandonment operations. The company has positioned itself well within the competitive landscape, focusing on strategic expansions and operational efficiencies. Ranger Energy Services expects a steady performance in 2025, with potential for growth in the latter half of the year.
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