Zacks Upgrades RPC to “Outperform” (RES)
RPC (NYSE:RES) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Tuesday. The firm currently has a $25.50 target price on the stock. Zacks‘s price target would suggest a potential upside of 8.97% from the stock’s previous close.
RPC (NYSE:RES) traded down 0.98% on Tuesday, hitting $23.17. 402,345 shares of the company’s stock traded hands. RPC has a 1-year low of $13.22 and a 1-year high of $23.75. The stock has a 50-day moving average of $22.44 and a 200-day moving average of $19.81. The company has a market cap of $5.071 billion and a P/E ratio of 29.62.
RPC (NYSE:RES) last released its earnings data on Wednesday, April 23rd. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. On average, analysts predict that RPC will post $1.06 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $22.88.
RPC, Inc (NYSE:RES) is a holding company.
To view Zacks’ full report, visit Zacks’ official website.
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