This Insider Has Just Sold Shares In Ranger Energy Services

We wouldn't blame Ranger Energy Services, Inc. (NYSE:RNGR) shareholders if they were a little worried about the fact that Richard Agee, a company insider, recently netted about US$5.9m selling shares at an average price of US$16.73. That diminished their holding by a very significant 72%, which arguably implies a strong desire to reallocate capital.

Check out our latest analysis for Ranger Energy Services

The Last 12 Months Of Insider Transactions At Ranger Energy Services

Notably, that recent sale by Richard Agee is the biggest insider sale of Ranger Energy Services shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$15.83. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Happily, we note that in the last year insiders paid US$147k for 15.29k shares. But they sold 881.74k shares for US$14m. In total, Ranger Energy Services insiders sold more than they bought over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Ranger Energy Services better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Ranger Energy Services Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Ranger Energy Services insiders own 3.3% of the company, worth about US$12m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Ranger Energy Services Tell Us?

Insiders sold Ranger Energy Services shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 2 warning signs for Ranger Energy Services and we suggest you have a look.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This 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.