Tranche Update on Ranger Energy Services, Inc.'s Equity Buyback Plan announced on March 7, 2023.
May 07, 2024 at 11:40 am
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From January 1, 2024 to March 31, 2024, the company has repurchased 846,900 shares, representing 3.62% for $8.55 million. With this, the company has completed the repurchase of 2,652,400 shares, representing 10.95% for $27.72 million under the buyback announced on March 7, 2023.
Ranger Energy Services, Inc. is a provider of onshore high specification well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. The Company operates in three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The High Specification Rigs provides high specification well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well. The Wireline Services. provides services necessary to bring and maintain a well on production and consists of its wireline completion, wireline production and pump down lines of business. The processing Solutions and Ancillary Services provides other services often utilized in conjunction with its High Specification Rigs and Wireline Services segments. These services include equipment rentals, plug and abandonment, logistics, snubbing and coil tubing, and processing solutions.
RANGER ENERGY SERVICES, INC. 
