Categories: Insider Trading News

Ranger Power director Brett Agee sells shares for $293,834


HOUSTON—Brett T. Agee, a director at Ranger Power Providers , Inc. (NYSE:RNGR), a $331 million market cap power companies firm that has seen its inventory surge over 55% up to now six months, offered 19,209 shares of Class A Frequent Inventory, in response to a current SEC submitting. In response to InvestingPro evaluation, the corporate maintains a GREAT monetary well being rating, with administration actively pursuing share buybacks. The shares had been offered at a weighted common worth of roughly $15.30, producing a complete of $293,834. Following this transaction, Agee not directly owns 1,843,999 shares by means of Bayou Nicely Holdings Firm, LLC. Agee disclaims useful possession of those shares besides to the extent of his pecuniary curiosity. Uncover extra insights about RNGR with InvestingPro, which presents 8 extra ProTips and a complete Professional Analysis Report analyzing the corporate’s fundamentals and progress prospects.

In different current information, Ranger Power Providers reported a stable efficiency in Q3 of 2024 regardless of a difficult market setting. The corporate reported an 11% quarter-over-quarter enhance in revenues to $153 million, though this represented a 7% decline year-over-year. Adjusted EBITDA rose by 20% from the earlier quarter to $25.1 million. The Excessive Specification Rigs phase achieved a file income of $86.7 million, and Ancillary Providers noticed a big income enhance, primarily attributable to a 33% enhance in coiled tubing revenues.

Ranger Power additionally emphasised its sturdy steadiness sheet, with zero internet debt and $86.1 million in liquidity, and its dedication to shareholder returns, having repurchased $15.5 million in shares. The corporate expressed optimism about progress in 2025, particularly in Excessive Specification Rigs and Ancillary Providers, and expects to see stabilization in Wireline companies. These are the current developments for Ranger Power Providers, as the corporate navigates by means of the market challenges and units its sights on future progress.

This text was generated with the help of AI and reviewed by an editor. For extra data see our T&C.

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