Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ranger Energy Services Inc shares valued at $293,834 were sold by Agee Brett T. on Dec 16 ’24. At $15.30 per share, Agee Brett T. sold 19,209 shares. The insider’s holdings dropped to 1,843,999 shares worth approximately $28.55 million following the completion of this transaction.
Also, Agee Brett T. sold 30,791 shares, netting a total of over 477,775 in proceeds. Following the sale of shares at $15.52 each, the insider now holds 1,863,208 shares.
Before that, Agee Brett T. had sold 116,136 shares from its account. In a trade valued at $1,822,604, the Director traded Ranger Energy Services Inc shares for $15.69 each. Upon closing the transaction, the insider’s holdings decreased to 116,136 shares, worth approximately $29.32 million.
As published in a research note from Barclays on January 10, 2023, Ranger Energy Services Inc [RNGR] has been rated down from an Overweight to an Equal weight and the price target has been revised to $14. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of December 10, 2020, B. Riley Securities has increased its “Neutral” rating to a “Buy” for RNGR. Earlier on April 15, 2020, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for RNGR stock which previously was a “an Overweight”.
Analyzing RNGR Stock Performance
Shares of the company reached a 52-week high of $16.59 on 01/06/25 and a 52-week low of $15.33 on 01/08/25. A 50-day SMA is recorded $15.29, while a 200-day SMA reached $12.24. Nevertheless, trading volume fell to 0.13 million shares from 0.16 million shares the previous day.
Support And Resistance Levels for Ranger Energy Services Inc (RNGR)
According to the 24-hour chart, there is a support level at 15.29, which, if violated, would cause prices to drop to 15.10. In the upper region, resistance lies at 15.71. The next price resistance is at 15.94. RSI (Relative Strength Index) is 51.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 38.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
