Shares of RPC, Inc. (NYSE:RES) have been given an average recommendation of “Hold” by the twenty research firms that are presently covering the company, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $23.37.

A number of research analysts have commented on the stock. Jefferies Group LLC set a $26.00 price target on shares of RPC and gave the company a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research cut shares of RPC from a “buy” rating to a “hold” rating in a research report on Tuesday. Piper Jaffray Companies reiterated a “neutral” rating and set a $20.50 price target (up from $18.75) on shares of RPC in a research report on Wednesday, July 12th. Seaport Global Securities cut shares of RPC from a “buy” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $20.00 in a research report on Wednesday, June 21st. Finally, BMO Capital Markets assumed coverage on shares of RPC in a research report on Wednesday, April 12th. They set an “outperform” rating and a $24.00 price target on the stock.

Shares of RPC (RES) opened at 21.38 on Friday. The company’s 50 day moving average is $20.04 and its 200 day moving average is $19.69. The company’s market capitalization is $4.66 billion. RPC has a one year low of $13.49 and a one year high of $23.36.

RPC (NYSE:RES) last issued its quarterly earnings results on Wednesday, April 26th. The oil and gas company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. RPC had a negative net margin of 12.54% and a negative return on equity of 12.86%. The business had revenue of $298.12 million for the quarter, compared to analysts’ expectations of $273.35 million. During the same period last year, the business earned ($0.15) earnings per share. The business’s quarterly revenue was up 57.7% on a year-over-year basis. Equities research analysts predict that RPC will post $0.63 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/21/rpc-inc-res-given-consensus-rating-of-hold-by-analysts.html.

Several hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC raised its stake in RPC by 17.4% in the fourth quarter. Guggenheim Capital LLC now owns 174,265 shares of the oil and gas company’s stock worth $3,452,000 after buying an additional 25,776 shares during the period. Federated Investors Inc. PA raised its stake in shares of RPC by 52.1% in the fourth quarter. Federated Investors Inc. PA now owns 23,005 shares of the oil and gas company’s stock worth $456,000 after buying an additional 7,881 shares during the last quarter. Mutual of America Capital Management LLC acquired a new stake in shares of RPC during the first quarter worth approximately $1,615,000. Alliancebernstein L.P. raised its stake in shares of RPC by 21.6% in the first quarter. Alliancebernstein L.P. now owns 5,707,098 shares of the oil and gas company’s stock worth $104,497,000 after buying an additional 1,012,027 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of RPC during the fourth quarter worth approximately $11,254,000. 40.20% of the stock is owned by hedge funds and other institutional investors.

RPC Company Profile

RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment primarily to independent oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.

Analyst Recommendations for RPC (NYSE:RES)

Receive News & Ratings for RPC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPC Inc. and related companies with MarketBeat.com's FREE daily email newsletter.