RPC Inc. (NYSE:RES) has been given a consensus rating of “Hold” by the twenty brokerages that are covering the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $14.75.
RES has been the subject of a number of recent analyst reports. Citigroup Inc. upped their target price on RPC from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, September 12th. GMP Securities raised RPC from a “reduce” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Nomura reissued a “hold” rating and issued a $14.00 price objective on shares of RPC in a research report on Thursday, September 22nd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA raised its stake in shares of RPC by 1.2% in the second quarter. Glenmede Trust Co. NA now owns 9,106 shares of the company’s stock worth $141,000 after buying an additional 106 shares during the period. Utah Retirement Systems raised its stake in shares of RPC by 2.9% in the second quarter. Utah Retirement Systems now owns 10,560 shares of the company’s stock worth $164,000 after buying an additional 300 shares during the period. Independent Portfolio Consultants Inc. raised its stake in shares of RPC by 9.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 12,220 shares of the company’s stock worth $190,000 after buying an additional 1,005 shares during the period. Teacher Retirement System of Texas raised its stake in shares of RPC by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,093 shares of the company’s stock worth $141,000 after buying an additional 1,103 shares during the period. Finally, Suntrust Banks Inc. raised its stake in shares of RPC by 12.0% in the second quarter. Suntrust Banks Inc. now owns 17,999 shares of the company’s stock worth $279,000 after buying an additional 1,934 shares during the period. Hedge funds and other institutional investors own 34.92% of the company’s stock.
RPC (NYSE:RES) opened at 16.80 on Wednesday. RPC has a 12-month low of $9.51 and a 12-month high of $16.92. The firm’s 50-day moving average is $15.51 and its 200 day moving average is $14.83. The stock’s market capitalization is $3.65 billion.
RPC (NYSE:RES) last announced its earnings results on Wednesday, July 27th. The company reported ($0.23) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.23). The firm earned $143 million during the quarter, compared to analysts’ expectations of $149.41 million. RPC had a negative return on equity of 16.53% and a negative net margin of 17.29%. The company’s revenue was down 51.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.16) earnings per share. Equities research analysts anticipate that RPC will post ($0.77) earnings per share for the current year.
RPC Company Profile
RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment to oil and gas companies engaged in the exploration, production and development of oil and gas properties across the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.
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