RPC Inc. Sets New 1-Year High at $19.04 (RES)
RPC (NYSE:RES)’s share price reached a new 52-week high on Friday, Stock Ratings Network.com reports. The company traded as high as $19.04 and last traded at $19.04, with a volume of 512,092 shares traded. The stock had previously closed at $18.28.
A number of analysts have recently weighed in on RES shares. Analysts at Zacks downgraded shares of RPC from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $19.60 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of RPC in a research note to investors on Friday, December 6th. They set a “market perform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of RPC from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 18th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $208.32.
RPC has a 1-year low of $12.41 and a 1-year high of $18.88. The stock has a 50-day moving average of $17.87 and a 200-day moving average of $16.21. The company has a market cap of $4.142 billion and a price-to-earnings ratio of 21.36.
RPC, Inc (NYSE:RES) is a holding company.
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