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HOUSTON—Brett T. Agee, a director at Ranger Energy Services , Inc. (NYSE:RNGR), recently sold a portion of his holdings in the company. According to a recent filing, Agee disposed of 100 shares of Class A Common Stock on March 14, 2025, at an average price of $14.515 per share, totaling approximately $1,451. The transaction comes as Ranger Energy Services, with a market capitalization of $315 million, maintains strong financial health according to InvestingPro analysis, with a current ratio of 2.21 indicating solid liquidity.
Following this transaction, Agee holds 1,795,575 shares indirectly through Bayou Well Holdings Company, LLC. The filing notes that Agee is a managing member of Bayou Well Holdings, granting him voting and dispositive power over the shares, although he disclaims beneficial ownership beyond his financial interest. The company’s stock has shown resilience with a 26% return over the past year, and InvestingPro analysis suggests the stock is currently undervalued. Subscribers can access 7 additional key insights and a comprehensive Pro Research Report, part of InvestingPro’s coverage of over 1,400 US stocks.
In other recent news, Ranger Energy Services Inc. reported its fourth-quarter 2024 earnings, significantly surpassing Wall Street expectations. The company achieved an earnings per share of $0.39, well above the projected $0.21, and reported revenues of $153 million, exceeding the anticipated $142.4 million. Despite the positive earnings report, the company’s stock saw a slight decline, which may be attributed to broader market conditions. Ranger Energy Services also announced a 20% increase in its dividend, reflecting confidence in its cash flow and financial stability. The company has expressed plans for strategic expansions in key segments, anticipating modest growth in 2025. Analysts from firms such as Johnson Rice have shown interest in Ranger’s increased investments in plugging and abandonment operations, highlighting the company’s focus on expanding its service capabilities. Additionally, Ranger Energy Services has maintained a strong balance sheet with zero long-term debt, providing flexibility for future growth opportunities. Looking forward, the company expects continued consistent demand from major oil and gas companies, with potential for increased work as industry consolidation progresses.
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