Share on StockTwits

Investment analysts at Goldman Sachs boosted their target price on shares of RPC (NYSE:RES) from $26.00 to $27.00 in a note issued to investors on Thursday. Goldman Sachs’ price target indicates a potential upside of 17.29% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of RPC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 24th. They now have a $25.50 price target on 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 two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.70.

RPC (NYSE:RES) traded down 1.88% during mid-day trading on Thursday, hitting $23.02. 409,911 shares of the company’s stock traded hands. RPC has a 1-year low of $13.78 and a 1-year high of $23.97. The stock has a 50-day moving average of $22.93 and a 200-day moving average of $20.29. The company has a market cap of $5.038 billion and a price-to-earnings ratio of 29.70.

RPC (NYSE:RES) last posted its quarterly earnings results 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 $1.07 earnings per share for the current fiscal year.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.