Capital One Financial Corporation Comments on RPC, Inc.’s Q1 2018 Earnings (RES)
RPC, Inc. (NYSE:RES) – Investment analysts at Capital One Financial Corporation reduced their Q1 2018 earnings per share (EPS) estimates for RPC in a research note issued on Thursday. Capital One Financial Corporation analyst L. Lemoine now anticipates that the oil and gas company will post earnings of $0.36 per share for the quarter, down from their prior forecast of $0.38. Capital One Financial Corporation also issued estimates for RPC’s Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.42 EPS and Q4 2018 earnings at $0.43 EPS.
RPC (NYSE:RES) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. The company had revenue of $399.00 million for the quarter, compared to analyst estimates of $415.65 million. RPC had a negative return on equity of 1.74% and a negative net margin of 1.15%. The business’s revenue was up 179.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. COPYRIGHT VIOLATION NOTICE: “Capital One Financial Corporation Comments on RPC, Inc.’s Q1 2018 Earnings (RES)” was first posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/10/23/capital-one-financial-corporation-comments-on-rpc-inc-s-q1-2018-earnings-res.html.
Other equities research analysts also recently issued research reports about the company. Jefferies Group LLC set a $26.00 target price on RPC and gave the company a “buy” rating in a report on Monday, August 28th. Zacks Investment Research raised RPC from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, October 17th. Barclays PLC initiated coverage on RPC in a report on Tuesday, September 5th. They issued an “equal weight” rating and a $19.00 target price on the stock. Deutsche Bank AG initiated coverage on RPC in a report on Tuesday, October 10th. They issued a “hold” rating and a $25.00 target price on the stock. Finally, Cowen and Company set a $24.00 target price on RPC and gave the company a “hold” rating in a report on Friday, October 6th. Thirteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.50.
RPC (NYSE:RES) opened at 22.77 on Monday. RPC has a 1-year low of $16.48 and a 1-year high of $25.00. The firm’s market cap is $4.95 billion. The firm has a 50-day moving average price of $22.78 and a 200-day moving average price of $20.28.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new stake in shares of RPC during the 3rd quarter valued at $723,000. Mutual of America Capital Management LLC boosted its holdings in shares of RPC by 64.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 144,328 shares of the oil and gas company’s stock valued at $3,578,000 after acquiring an additional 56,600 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of RPC by 15.9% during the 2nd quarter. Advisory Services Network LLC now owns 13,028 shares of the oil and gas company’s stock valued at $263,000 after acquiring an additional 1,790 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of RPC by 57.0% during the 2nd quarter. Sterling Capital Management LLC now owns 162,749 shares of the oil and gas company’s stock valued at $3,289,000 after acquiring an additional 59,109 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in shares of RPC by 168.9% during the 2nd quarter. Susquehanna International Group LLP now owns 15,100 shares of the oil and gas company’s stock valued at $305,000 after acquiring an additional 37,000 shares in the last quarter. 38.21% of the stock is currently owned by 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.
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