RPC (NYSE:RES) has been given a $28.00 target price by investment analysts at Cowen in a report issued on Thursday. The firm presently has a “hold” rating on the oil and gas company’s stock. Cowen’s price objective indicates a potential upside of 14.10% from the company’s previous close.
Several other research analysts also recently commented on RES. B. Riley reissued a “buy” rating on shares of RPC in a research note on Wednesday, November 1st. Zacks Investment Research raised RPC from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research note on Thursday, January 4th. Jefferies Group set a $29.00 price objective on RPC and gave the company a “hold” rating in a research note on Thursday, January 4th. FBR & Co set a $27.00 price objective on RPC and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Stephens assumed coverage on RPC in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $28.00 price objective for the company. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. RPC presently has an average rating of “Hold” and a consensus price target of $25.38.
RPC (RES) opened at $24.54 on Thursday. RPC has a 52 week low of $16.63 and a 52 week high of $27.07. The company has a market capitalization of $5,315.02, a price-to-earnings ratio of 62.92, a P/E/G ratio of 0.84 and a beta of 1.15.
RPC (NYSE:RES) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.03). RPC had a net margin of 6.03% and a return on equity of 10.31%. The firm had revenue of $471.00 million during the quarter, compared to analyst estimates of $474.41 million. During the same period in the prior year, the company posted ($0.18) earnings per share. The firm’s revenue for the quarter was up 167.8% compared to the same quarter last year. research analysts anticipate that RPC will post 0.81 EPS for the current year.
In related news, Director Amy Rollins Kreisler bought 5,000 shares of the business’s stock in a transaction on Friday, October 27th. The stock was acquired at an average cost of $23.21 per share, with a total value of $116,050.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $116,050. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 73.50% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its holdings in shares of RPC by 11.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 340,267 shares of the oil and gas company’s stock worth $6,877,000 after purchasing an additional 34,317 shares during the period. Rhumbline Advisers grew its holdings in shares of RPC by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 93,851 shares of the oil and gas company’s stock worth $1,897,000 after purchasing an additional 7,973 shares during the period. Federated Investors Inc. PA grew its holdings in shares of RPC by 14.4% during the 2nd quarter. Federated Investors Inc. PA now owns 27,419 shares of the oil and gas company’s stock worth $554,000 after purchasing an additional 3,450 shares during the period. Pacer Advisors Inc. grew its holdings in shares of RPC by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 11,360 shares of the oil and gas company’s stock worth $230,000 after purchasing an additional 1,216 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of RPC by 41.8% during the 2nd quarter. Principal Financial Group Inc. now owns 16,357 shares of the oil and gas company’s stock worth $331,000 after purchasing an additional 4,822 shares during the period. 38.07% of the stock is owned by institutional investors and hedge funds.
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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.