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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 a total of 18,220 shares of Class A Common Stock over two days, March 19 and March 20, 2025. The shares were sold at prices ranging from $14.50 to $14.57, resulting in a total transaction value of approximately $264,435. The transaction comes as InvestingPro analysis indicates the stock is currently undervalued, with the company showing strong financial health metrics and a 25.6% return over the past year.
Following these transactions, Agee’s indirect ownership through Bayou Well Holdings Company, LLC, has decreased, with 1,777,355 shares remaining. The sales were executed at weighted average prices of $14.5158 and $14.5072, respectively, across multiple transactions. Agee, who is also the President and CEO of Ranger Energy Services, retains voting and dispositive power over the shares held by Bayou Well Holdings Company, LLC, although he disclaims beneficial ownership except to the extent of his pecuniary interest. According to InvestingPro data, the company maintains strong fundamentals with a current ratio of 2.21 and holds more cash than debt on its balance sheet.
These transactions highlight a notable change in the director’s stake in the company, offering insights into insider activity at Ranger Energy Services. For deeper analysis and additional insights, investors can access comprehensive valuation metrics and 6 more exclusive ProTips through InvestingPro’s detailed research report.
In other recent news, Ranger Energy Services reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.39, compared to the forecasted $0.21. The company also exceeded revenue forecasts, reporting $153 million against an anticipated $142.4 million. Despite the positive earnings surprise, the company’s stock experienced a slight decline, possibly due to broader market conditions. Additionally, Ranger Energy Services announced a 20% increase in its dividend, reflecting confidence in its cash flow. The company has set plans for modest growth in 2025, focusing on strategic expansions in its plugging and abandonment business and transitioning its wireline services to conventional wireline. Analysts from firms like Johnson Rice have noted the company’s strategic investments and its potential to benefit from increased demand in these areas. Ranger Energy Services continues to leverage its operational strengths and financial flexibility to drive sustainable growth and shareholder value.
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