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Ranger Energy Services, Inc. Announces Q4 2024 and Full Year 2024 Results

1. Ranger Energy Services reports record Q4 and annual results, boosting shareholder returns. 2. The company raises its quarterly dividend by 20% to $0.06 per share.

Earnings
-2.11%Current Return
VS
-1.18%S&P 500
$16.1503/03 05:28 PM EDTEvent Start
$15.8103/04 11:47 PM EDTLatest Updated
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FAQ

Why Very Bullish?

Ranger's record performance and dividend increase signal strong operational health and shareholder value, which often leads to stock price appreciation, as seen historically with companies announcing similar shareholder returns.

How important is it?

The strong performance indicators and dividend hike are likely to attract investor interest, thereby influencing RNGR's stock positively. The consistent growth in key service sectors also enhances RNGR's market positioning.

Why Short Term?

The immediate effects from the quarterly results and dividend increase can influence market perception and stock price quickly, typically within a few weeks of announcements like these.

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HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its fourth quarter and full year 2024 results, highlighting record performance in High-Specification Rigs, growth in Ancillary Services, and significant shareholder returns for the year through both dividends and share repurchases. Ranger also announced an increase of its quarterly dividend by 20% to $0.06 per share, reflecting continued confidence in the underlying strength and futur.

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