Latest news with #StuartBodden
Business Wire
26-06-2025
- Business
- Business Wire
Ranger Energy Services, Inc. Announces Dual Listing on NYSE Texas
HOUSTON--(BUSINESS WIRE)-- Ranger Energy Services, Inc. (NYSE:RNGR) (the 'Company') announced today the dual listing of its common stock on NYSE Texas, the newly launched, fully electronic equities exchange headquartered in Dallas, TX. The Company will maintain its primary listing on the New York Stock Exchange (the 'NYSE') and will trade under the same ticker symbol, 'RNGR,' on NYSE Texas. Ranger CEO Stuart Bodden commented, 'We are excited to join the NYSE Texas as a Founding Member. Ranger has always maintained a deep presence here in the state, employing over a thousand Texans from the Permian Basin to our Houston headquarters and everywhere in between. We look forward to continuing to Lead the Way as a champion for the growth and potential of the Texas economy.' 'We are proud to welcome Ranger to our community of Founding Members at NYSE Texas,' said Chris Taylor, Chief Development Officer, NYSE Group. About Ranger Energy Services, Inc. Ranger is one of the largest providers of high specification mobile rig well services, cased hole wireline services, and ancillary services in the U.S. oil and gas industry. Our services facilitate operations throughout the lifecycle of a well, including the completion, production, maintenance, intervention, workover and abandonment phases.
Yahoo
05-04-2025
- Business
- Yahoo
With 1.2% one-year returns, institutional owners may ignore Ranger Energy Services, Inc.'s (NYSE:RNGR) 17% stock price decline
Significantly high institutional ownership implies Ranger Energy Services' stock price is sensitive to their trading actions 51% of the business is held by the top 10 shareholders Past performance of a company along with ownership data serve to give a strong idea about prospects for a business AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. To get a sense of who is truly in control of Ranger Energy Services, Inc. (NYSE:RNGR), it is important to understand the ownership structure of the business. We can see that institutions own the lion's share in the company with 53% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Losing money on investments is something no shareholder enjoys, least of all institutional investors who saw their holdings value drop by 17% last week. Still, the 1.2% one-year gains may have helped mitigate their overall losses. They should, however, be mindful of further losses in the future. In the chart below, we zoom in on the different ownership groups of Ranger Energy Services. See our latest analysis for Ranger Energy Services Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. As you can see, institutional investors have a fair amount of stake in Ranger Energy Services. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Ranger Energy Services, (below). Of course, keep in mind that there are other factors to consider, too. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. It would appear that 6.7% of Ranger Energy Services shares are controlled by hedge funds. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Looking at our data, we can see that the largest shareholder is CSL Capital Management, L.P. with 16% of shares outstanding. With 6.7% and 5.0% of the shares outstanding respectively, Encompass Capital Advisors LLC and Bayou Well Holdings Company, LLC are the second and third largest shareholders. In addition, we found that Stuart Bodden, the CEO has 1.5% of the shares allocated to their name. We also observed that the top 10 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. We can see that insiders own shares in Ranger Energy Services, Inc.. It has a market capitalization of just US$294m, and insiders have US$8.2m worth of shares, in their own names. This shows at least some alignment. You can click here to see if those insiders have been buying or selling. The general public-- including retail investors -- own 17% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. With an ownership of 16%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation. Some might like this, because private equity are sometimes activists who hold management accountable. But other times, private equity is selling out, having taking the company public. Our data indicates that Private Companies hold 5.0%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. It's always worth thinking about the different groups who own shares in a company. But to understand Ranger Energy Services better, we need to consider many other factors. Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow . Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
