SEC Form SC 13D/A filed by Ranger Energy Services Inc. (Amendment)

SEC Form SC 13D/A filed by Ranger Energy Services Inc. (Amendment)

Recent Analyst Ratings for $RNGR

$RNGR Analyst Ratings

$RNGR Large Ownership Changes

$RNGR Financials

$RNGR Insider Purchases

$RNGR Market Insights

$RNGR Leadership Updates

$RNGR SEC Filings

$RNGR Insider Trading

$RNGR Press Releases

Recent Analyst Ratings for
$RNGR

$RNGR
Analyst Ratings

$RNGR
Large Ownership Changes

$RNGR
Financials

$RNGR
Insider Purchases

$RNGR
Market Insights

$RNGR
Leadership Updates

$RNGR
SEC Filings

$RNGR
Insider Trading

$RNGR
Press Releases

Chat with this insight

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Ranger Energy Services downgraded by Barclays with a new price target

Barclays reiterated coverage on Ranger Energy Services with a new price target

Ranger Energy Services upgraded by Barclays with a new price target

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Ranger Energy Services Inc.

Amendment: SEC Form SC 13D/A filed by Ranger Energy Services Inc.

SEC Form SC 13D/A filed by Ranger Energy Services Inc. (Amendment)

Live finance-specific insights

Ranger Energy Services, Inc. Announces Q3 2024 Results

Ranger Energy Services, Inc. Announces Date for Third Quarter 2024 Earnings Conference Call

Ranger Energy Services, Inc. Announces Q2 2024 Results

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Cougle Melissa bought $71,982 worth of shares (7,500 units at $9.60), increasing direct ownership by 12% to 71,842 units (SEC Form 4)

Bodden Stuart bought $74,970 worth of shares (7,785 units at $9.63), increasing direct ownership by 2% to 324,088 units (SEC Form 4)

Bodden Stuart bought $146,935 worth of shares (15,000 units at $9.80), increasing direct ownership by 12% to 145,096 units (SEC Form 4)

Live Market Insights

Piper Sandler Maintains Neutral on Ranger Energy Services, Lowers Price Target to $12

Ranger Energy Services Q1 2024 GAAP EPS $(0.03) Misses $0.12 Estimate, Sales $136.900M Miss $144.750M Estimate

Ranger Energy Services Q4 EPS $0.09 Misses $0.29 Estimate, Sales $151.50M Beat $151.00M Estimate

Live Leadership Updates

Ranger Energy Services Announces Appointment of Two New Independent Directors to the Board of Directors

Ranger Energy Services Appoints Justin Whitley as General Counsel

Ranger Energy Services Appoints Melissa Cougle as New Chief Financial Officer

SEC Form 10-Q filed by Ranger Energy Services Inc.

Ranger Energy Services Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Other Events, Financial Statements and Exhibits

SEC Form 10-Q filed by Ranger Energy Services Inc.

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Fastest customizable press release news feed in the world

Large owner Bayou Well Holdings Company, Llc converted options into 450,000 shares (SEC Form 4)

New insider Bayou Well Holdings Company, Llc claimed ownership of 2,164,107 shares and claimed ownership of 450,000 units of Class B Common Stock (SEC Form 3)

SVP - Well Services Hooker J. Matt sold $95,733 worth of shares (7,803 units at $12.27), decreasing direct ownership by 8% to 92,600 units (SEC Form 4)

Ranger Energy Services, Inc. Announces Q3 2024 Results

Ranger Energy Services, Inc. Announces Date for Third Quarter 2024 Earnings Conference Call

Sidoti Events, LLC's Virtual August Micro-Cap Conference

11/7/23 5:17:56 PM ET

$RNGR

Oilfield Services/Equipment

Energy

Get the next $RNGR alert in real time by email

SC 13D/A 1 d570942dsc13da.htm SC 13D/A SC 13D/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

Ranger Energy Services, Inc.

(Name of Issuer)

CLASS A COMMON STOCK, $0.01 PAR VALUE

(Title of Class of Securities)

75282U 104

(CUSIP Number)

Charles S. Leykum

2500 Summer Street, Suite 1100

Houston, Texas 77007

(281) 407-0686

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

November 7, 2023

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 75282U 104


1.		Name of Reporting Persons Charles S. Leykum
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization United States of America

CUSIP No. 75282U 104


1.		Name of Reporting Persons CSL Energy Opportunity GP I, LLC 45-2494955
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

CUSIP No. 75282U 104


1.		Name of Reporting Persons CSL Energy Opportunity GP II, LLC 47-2465769
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

CUSIP No. 75282U 104


1.		Name of Reporting Persons Ranger Energy Holdings, LLC 38-3934054
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

CUSIP No. 75282U 104


1.		Name of Reporting Persons Torrent Energy Holdings, LLC 37-1760971
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

CUSIP No. 75282U 104


1.		Name of Reporting Persons Ranger Energy Holdings II, LLC
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

CUSIP No. 75282U 104


1.		Name of Reporting Persons Torrent Energy Holdings II, LLC 30-0998585
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

CUSIP No. 75282U 104


1.		Name of Reporting Persons CSL Energy Holdings I, LLC 45-2665080
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

CUSIP No. 75282U 104


1.		Name of Reporting Persons CSL Energy Holdings II, LLC 32-0456689
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

CUSIP No. 75282U 104


1.		Name of Reporting Persons CSL CM GP, LLC
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

CUSIP No. 75282U 104


1.		Name of Reporting Persons CSL Capital Management, L.P. 26-2463632
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

CUSIP No. 75282U 104


1.		Name of Reporting Persons CSL Fund II Preferred Holdings LLC 85-1368579
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

CUSIP No. 75282U 104


1.		Name of Reporting Persons CSL Energy Opportunities Fund I, L.P. 45-2495008
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

CUSIP No. 75282U 104


1.		Name of Reporting Persons CSL Energy Opportunities Fund II, L.P. 36-4799022
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
3.		SEC Use Only
4.		Source of Funds OO
5.		Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

Explanatory Note

This Amendment No. 4 to Schedule 13D amends and supplements the statement on Schedule 13D filed by Charles S. Leykum, CSL Energy Opportunity GP I, LLC, CSL Energy Opportunity GP II, LL, Ranger Energy Holdings, LLC, Torrent Energy Holdings, LLC, Ranger Energy Holdings II, LLC, Torrent Energy Holdings II, LLC, CSL Energy Holdings I, LLC, CSL Energy Holdings II, LLC, CSL Energy Opportunities Fund I, L.P., CSL Energy Opportunities Fund II, L.P. and CSL Energy Opportunities Master Fund, LLC with the Securities and Exchange Commission on November 19, 2019, as amended on March 16, 2020, May 15, 2020 and September 22, 2021 (as amended, the “Schedule 13D”) relating to the Class A Common Stock of Ranger Energy Services Inc. (the “Issuer”).

The principal executive offices of the Issuer are located at 10350 Richmond, Suite 550, Houston, Texas 77042. Except as set forth below and as to give effect to the changes in ownership amounts reflected above, all Items of the Schedule 13D remain unchanged. All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule 13D.

Item 5.

Interest in Securities of the Issuer

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

(a)-(b) Calculations of the percentage of shares of Class A Common Stock beneficially owned are calculated in accordance with Rule 13d-3 and assume that there are 24,412,713 shares of Class A Common Stock outstanding (based on the Issuer’s Quarterly Report on Form 10-Q filed on October 31, 2023).

The aggregate number and percentage of shares of Class A Common Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference.

On November 7, 2023, each of CSL Energy Opportunities Fund I, L.P. (“CSL OI”) and CSL Energy Opportunities Offshore Fund I, L.P. (“CSL Offshore OI”) distributed all 1,831,477 and 801,698 shares of Class A Common Stock it held, respectively, pro rata to its respective limited partners and to CSL Energy Opportunity GP I, LLC (“CSL GP I”), its general partner, in connection with a liquidating distribution. Following such distribution, Charles S. Leykum (“Leykum”) is the record holder of 41,324 shares of Class A Common Stock and CSL GP I is the record holder of 1,816 shares of Class A Common Stock.

CSL Fund II Preferred Holdings LLC (“CSL Preferred Holdings”) continues to be the record holder of 4,565,174 shares of Class A Common Stock. CSL Energy Opportunities Fund II, L.P. (“CSL OII”) and CSL Energy Holdings II, LLC (“CSL HII” and, collectively with CSL OI, CSL Offshore OI, and CSL Preferred Holdings, the “CSL Funds”) are members of CSL Preferred Holdings. CSL Energy Opportunity GP II, LLC (“CSL GP II”) is (i) the general partner of CSL OII and (ii) the managing member of CSL HII.

CSL Capital Management, L.P. (“CSL Capital Management”) is the investment advisor to the CSL Funds. CSL CM GP, LLC (“CSL CM GP”) is the general partner of CSL Capital Management. Leykum is the managing member of each of CSL GP I, CSL GP II and CSL CM GP.

Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that any of the Reporting Persons (other than Leykum, CSL GP II and CSL Preferred Holdings to the extent any of such persons directly holds the securities reported on this Schedule 13D) is the beneficial owner of any of the Class A Common Stock referred to herein for the purposes of Section 13(d) of the Act or for any other purpose, and such beneficial ownership is expressly disclaimed by each Reporting Person. Each Reporting Person expressly disclaims beneficial ownership of such shares of Class A Common Stock and any assertion or presumption that it or he and the other persons on whose behalf this statement is filed constitute a “group.”

(c) Except as set forth in this Amendment No. 4, none of the Reporting Persons has effected any transaction in Class A Common Stock in the past 60 days.

(e) CSL OI, CSL GP I and CSL Offshore OI ceased to be the beneficial owners of more than five percent of the outstanding Class A Common Stock on November 7, 2023. As a result of certain distributions and reorganizations, Ranger Energy Holdings, LLC, Torrent Energy Holdings, LLC, Ranger Energy Holdings II, LLC, Torrent Energy Holdings II, LLC and CSL Energy Holdings I, LLC have ceased to be the beneficial owners of more than five percent of the outstanding Class A Common Stock.

Item 7.

Material to Be Filed as Exhibits.

Item 7 of the Schedule 13D is amended and supplemented as follows:


Exhibit Number		Description

11		Joint Filing Agreement, by and among the Reporting Persons, dated as of November 7, 2023.

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Dated: November 7, 2023	Charles S. Leykum

	/s/ Charles S. Leykum
	Charles S. Leykum

	CSL Energy Opportunity GP I, LLC

	By:	/s/ Charles S. Leykum
	Name:	Charles S. Leykum
	Title:	Managing Member

	CSL Energy Opportunity GP II, LLC

	By:	/s/ Charles S. Leykum
	Name:	Charles S. Leykum
	Title:	Managing Member

	Ranger Energy Holdings, LLC

	By:	/s/ Charles S. Leykum
	Name:	Charles S. Leykum
	Title:	Senior Vice President

	Torrent Energy Holdings, LLC

	By:	/s/ Charles S. Leykum
	Name:	Charles S. Leykum
	Title:	Senior Vice President

	Ranger Energy Holdings II, LLC

	By:	/s/ Charles S. Leykum
	Name:	Charles S. Leykum
	Title:	Manager



				Torrent Energy Holdings II, LLC

				By:		CSL Energy Holdings I, LLC,
						its managing member

				By:		CSL Energy Opportunity GP I, LLC
						its managing member

				By:		/s/ Charles S. Leykum
						Name: Charles S. Leykum
						Title: Manager

				CSL Energy Holdings I, LLC

				By:		CSL Energy Opportunity GP I, LLC,
						its managing member

				By:		/s/ Charles S. Leykum
						Name: Charles S. Leykum
						Title: Managing Member

				CSL Energy Holdings II, LLC

				By:		CSL Energy Opportunity GP II, LLC,
						its managing member

				By:		/s/ Charles S. Leykum
						Name: Charles S. Leykum
						Title: Managing Member

				CSL CM GP, LLC

				By:		/s/ Charles S. Leykum
						Name: Charles S. Leykum
						Title: Managing Member

				CSL Capital Management, L.P.

				By:		CSL CM GP, LLC, its general partner

				By:		/s/ Charles S. Leykum
						Name: Charles S. Leykum
						Title: Managing Member


				CSL Fund II Preferred Holdings LLC

				By:		CSL Capital Management, L.P.

				By:		CSL CM GP, LLC, its general partner

				By:		/s/ Charles S. Leykum
						Name: Charles S. Leykum
						Title: Managing Member

				CSL Energy Opportunities Fund I, L.P.

				By:		CSL Energy Opportunity GP I, LLC,
						its general partner

				By:		/s/ Charles S. Leykum
						Name: Charles S. Leykum
						Title: Managing Member

				CSL Energy Opportunities Fund II, L.P.

				By:		CSL Energy Opportunity GP II, LLC,
						its general partner

				By:		/s/ Charles S. Leykum
						Name: Charles S. Leykum
						Title: Managing Member

Get the next $RNGR alert in real time by email

Date	Price Target	Rating	Analyst
1/10/2023	$14.00	Overweight → Equal Weight	Barclays
8/9/2021	$13.00 → $12.00	Overweight	Barclays
7/19/2021	$5.00 → $13.00	Equal-Weight → Overweight	Barclays

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

Sole Voting Power

41,324

Shared Voting Power

4,566,990

Sole Dispositive Power

41,324

Shared Dispositive Power

4,566,990