RPC Stock Rating Reaffirmed by Cowen and Company (RES)
RPC (NYSE:RES)‘s stock had its “market perform” rating restated by research analysts at Cowen and Company in a report released on Wednesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of RPC from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $17.00 price target on the stock. Analysts at SunTrust raised their price target on shares of RPC from $18.00 to $19.00 in a research note to investors on Thursday, July 11th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $175.33.
Shares of RPC (NYSE:RES) opened at 15.73 on Wednesday. RPC has a 52-week low of $10.45 and a 52-week high of $17.40. The stock’s 50-day moving average is $15.02 and its 200-day moving average is $14.26. The company has a market cap of $3.450 billion and a P/E ratio of 17.29.
RPC (NYSE:RES) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $457.60 million for the quarter, compared to the consensus estimate of $441.50 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis.
RPC, Inc (NYSE:RES) is a holding company.
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