1. Ranger Energy Services announced dual listing on NYSE Texas. 2. Company maintains primary listing on NYSE under ticker RNGR. 3. CEO emphasizes deep Texas presence and employment. 4. Ranger aims to support Texas economic growth. 5. NYSE Texas welcomes Ranger as a Founding Member.
The dual listing enhances RNGR's visibility and accessibility to investors, potentially increasing demand for shares. Historical examples show that dual listings can often lead to price appreciation, especially in bullish markets.
The news is significant as it represents a strategic move to enhance RNGR's market presence. The positive commentary from leadership indicates potential for growth, which may attract investors.
The immediate visibility boost from the dual listing could lead to increased trading activity in the near term. However, longer-term impacts would depend on overall market conditions and RNGR’s performance.
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.