RNGR

Insider Trading Activity: Brett T. Agee, a director at $RNGR, sold 439 shares for approximately $6,365, marking the only sale among 21 insider trades in the past six months, with no purchases recorded.

Institutional Investor Movements: In the last quarter, 78 institutional investors increased their holdings in $RNGR, while 39 reduced their positions, indicating mixed sentiment among larger investors.

Financial Performance: Ranger Energy Services reported a full year 2024 revenue of $571.1 million and net income of $18.4 million, with a significant increase in quarterly dividends by 20% to $0.06 per share, reflecting confidence in future cash flow and strong performance in High-Specification Rigs and Ancillary Services.

Operational Highlights: The company achieved record profitability in the fourth quarter despite market challenges, with notable growth in its High-Specification Rigs segment and improved margins in Ancillary Services, while also returning over 40% of Free Cash Flow to shareholders through dividends and stock repurchases.

Meta Platforms' Strong Performance: Meta Platforms, Inc. reported fourth-quarter revenue of $48.39 billion and earnings of $8.02 per share, surpassing analyst expectations, leading to a 2.2% increase in pre-market trading.

Market Movements: Several stocks experienced significant changes in pre-market trading, with Alterity Therapeutics gaining 105% while CARGO Therapeutics saw a drastic drop of 74.3% after discontinuing a study.

Energy Stocks Surge: Energy stocks rose following President Trump's reiteration of "Drill, baby, drill" during his inauguration speech.

Oil Futures Decline: Despite the increase in energy stocks, oil futures dropped due to expectations of higher supply, although Trump declared a national energy emergency to expedite oil and gas permitting.

Energy Stocks Surge: Energy stocks rose following President Trump's "Drill baby drill" slogan during his inauguration speech, indicating a push for increased oil and gas production.

Oil Futures Decline: Despite the rise in energy stocks, oil futures fell due to concerns over potential increased supply, although Trump declared a national energy emergency to expedite permitting processes.

Daktronics and Alta Fox Opportunities Fund: Alta Fox increased its stake in Daktronics to 11.7% by purchasing over 1.2 million shares, while the company's stock has doubled in value this year.

Other Company Stake Changes: Cerberus reduced its Frontier Communications stake to 6%, Browning West sold shares of Gildan Activewear but still holds 4.5%, Starboard decreased its Healthcare Realty Trust holdings, Columbia Capital cut its NextNav stake, and Bayou Well Holdings lowered its Ranger Energy Services stake, with various stock performances noted.

Dividend Announcement: Ranger Energy Services (RNGR) has declared a quarterly dividend of $0.05 per share, consistent with previous dividends, with a forward yield of 1.58%.

Payment Details: The dividend is payable on November 22 to shareholders of record as of November 5, with the ex-dividend date also set for November 5.

Financial Performance Overview: Ranger Energy Services reported third-quarter 2024 revenue of $153.0 million, an 11% increase from the previous quarter but a 7% decrease year-over-year. Net income rose to $8.7 million, marking an 85% increase from the second quarter, while adjusted EBITDA increased by 20% to $25.1 million.

Strategic Focus and Governance Changes: The company emphasized its production-focused service lines and strong cash flow management, returning over 81% of free cash flow to shareholders through dividends and share buybacks. Additionally, it announced a reduction in its Board of Directors from seven to six members following Charlie Leykum's retirement.

Earnings Announcement: Ranger Energy Services, Inc. will report its third quarter financial results on October 28, 2024, followed by a conference call at 10:00 a.m. Eastern time.

Company Overview: Ranger Energy Services is a leading provider of mobile rig well services and related operations in the U.S. oil and gas industry, covering all phases of a well's lifecycle.

Institutional Ownership: Ranger Energy Services has significant institutional ownership, with 47% of shares held by institutions and 51% controlled by the top seven shareholders, indicating that their trading actions can heavily influence the stock price.

Insider and Public Ownership: Insiders own $8.6 million worth of shares, aligning their interests with other shareholders, while the general public holds a 15% stake, suggesting that both groups can impact company operations and strategy.

Ranger Energy's Earnings Outlook: Ranger Energy (RNGR) shows a promising earnings outlook with analysts raising estimates significantly, leading to a Zacks Rank #2 (Buy), indicating potential for continued stock price growth.

Investment Opportunities: The company is expected to earn $0.28 per share this quarter and $0.77 for the full year, despite year-over-year declines; strong estimate revisions suggest further upside potential, making it a candidate for investment.

Earnings Performance: Ranger Energy reported quarterly earnings of $0.21 per share, exceeding estimates significantly, but down from $0.24 a year ago. The company also posted revenues of $138.1 million, slightly above expectations, despite a year-over-year decline.

Future Outlook: The stock is currently rated Zacks Rank #4 (Sell) due to unfavorable earnings estimate revisions, indicating potential underperformance in the near future. Investors are advised to monitor upcoming earnings estimates and industry trends that could impact stock performance.

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