Ranger Energy Services to Join the Russell 3000® Index
June 26 2023 - 6:45AM
Business Wire
Ranger Energy Services, Inc. (“Ranger” or the “Company”) (NYSE:
RNGR), a leading provider of well service rigs and associated
services to the oil and gas industry, today announced that it has
been selected to join the broad-market Russell 3000®
Index at the conclusion of the 2023 Russell indexes annual
reconstitution, effective after the U.S. market opens on June 26,
2023.
FTSE Russell determines membership for its Russell indexes
primarily by objective, market-capitalization rankings and style
attributes. Russell indexes are widely used by investment managers
and institutional investors for index funds and as benchmarks for
active investment strategies. Membership in the US all-cap Russell
3000® Index, which remains in place for one year, means automatic
inclusion in the small-cap Russell 2000® Index as well
as the appropriate growth and value style indexes. Approximately
$12.1 trillion in assets are benchmarked against Russell’s US
indexes. Russell indexes are part of FTSE Russell, a leading global
index provider.
“Ranger is honored to join the Russell 3000®
Index,” stated Stuart Bodden, Ranger's Chief Executive Officer. “As
the largest provider of well service rigs in the onshore U.S., this
milestone signifies our growth and industry leadership. Joining the
index will amplify our visibility, attracting new investors and
fueling future growth opportunities.”
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230626033476/en/
INVESTOR RELATIONS CONTACTS Melissa Cougle Chief
Financial Officer (713) 935-8900
InvestorRelations@rangerenergy.com
Ranger Energy Services (NYSE:RNGR)
Historical Stock Chart
From Apr 2024 to May 2024
Ranger Energy Services (NYSE:RNGR)
Historical Stock Chart
From May 2023 to May 2024