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Shares of RPC (NYSE:RES) reached a new 52-week high on Friday , American Banking News.com reports. The company traded as high as $23.73 and last traded at $23.73, with a volume of 533,184 shares traded. The stock had previously closed at $23.08.

RES has been the subject of a number of recent research reports. Analysts at SunTrust raised their price target on shares of RPC from $25.00 to $30.00 in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $21.15.

The stock has a 50-day moving average of $22.34 and a 200-day moving average of $19.71. The company has a market cap of $5.160 billion and a price-to-earnings ratio of 29.22.

RPC (NYSE:RES) last released its earnings data on Wednesday, April 23rd. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.03. The company had revenue of $501.70 million for the quarter, compared to the consensus estimate of $508.64 million. During the same quarter last year, the company posted $0.16 earnings per share. RPC’s revenue was up 17.8% compared to the same quarter last year. Analysts expect that RPC will post $1.06 EPS for the current fiscal year.

RPC, Inc (NYSE:RES) is a holding company.

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