RPC (NYSE:RES) received a $29.00 price objective from equities research analysts at Jefferies Group in a report issued on Thursday. The firm presently has a “hold” rating on the oil and gas company’s stock. Jefferies Group’s price target points to a potential upside of 10.81% from the stock’s previous close.
Several other analysts have also commented on RES. Citigroup lifted their price target on shares of RPC from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 5th. Cowen set a $24.00 price target on shares of RPC and gave the company a “hold” rating in a research report on Friday, October 6th. Deutsche Bank started coverage on shares of RPC in a research report on Tuesday, October 10th. They set a “hold” rating and a $25.00 price target on the stock. Credit Suisse Group lowered shares of RPC from an “outperform” rating to a “neutral” rating in a research report on Friday, October 13th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of RPC from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.03.
Shares of RPC (RES) traded up $0.48 during trading on Thursday, hitting $26.17. The stock had a trading volume of 1,636,966 shares, compared to its average volume of 1,528,533. The firm has a market cap of $5,670.00, a PE ratio of 68.87, a P/E/G ratio of 0.92 and a beta of 1.14. RPC has a fifty-two week low of $16.63 and a fifty-two week high of $27.07.
RPC (NYSE:RES) last issued its earnings results on Wednesday, October 25th. The oil and gas company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.03). The company had revenue of $471.00 million for the quarter, compared to analyst estimates of $474.41 million. RPC had a return on equity of 10.31% and a net margin of 6.03%. The company’s revenue for the quarter was up 167.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. equities research analysts expect that RPC will post 0.81 earnings per share for the current year.
In other news, Director Amy Rollins Kreisler bought 5,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were bought at an average price of $23.21 per share, with a total value of $116,050.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $116,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 73.50% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its stake in shares of RPC by 11.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 340,267 shares of the oil and gas company’s stock worth $6,877,000 after acquiring an additional 34,317 shares in the last quarter. Rhumbline Advisers grew its stake in shares of RPC by 9.3% in the second quarter. Rhumbline Advisers now owns 93,851 shares of the oil and gas company’s stock worth $1,897,000 after acquiring an additional 7,973 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of RPC by 14.4% in the second quarter. Federated Investors Inc. PA now owns 27,419 shares of the oil and gas company’s stock worth $554,000 after acquiring an additional 3,450 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of RPC by 12.0% in the second quarter. Pacer Advisors Inc. now owns 11,360 shares of the oil and gas company’s stock worth $230,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of RPC by 41.8% in the second quarter. Principal Financial Group Inc. now owns 16,357 shares of the oil and gas company’s stock worth $331,000 after acquiring an additional 4,822 shares in the last quarter. 38.07% of the stock is currently owned by institutional investors.
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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.