RPC (RES) to Announce Earnings on Tuesday
RPC (NYSE:RES) is scheduled to post its quarterly earnings results before the market opens on Tuesday, January 23rd. Analysts expect RPC to post earnings of $0.34 per share for the quarter.
RPC (NYSE:RES) last posted its earnings results on Wednesday, October 25th. The oil and gas company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $474.41 million. RPC had a return on equity of 10.31% and a net margin of 6.03%. The business’s quarterly revenue was up 167.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.18) EPS. On average, analysts expect RPC to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of RPC (NYSE:RES) opened at $24.54 on Tuesday. The firm has a market cap of $5,320.00, a price-to-earnings ratio of 64.58, a price-to-earnings-growth ratio of 0.83 and a beta of 1.14. RPC has a one year low of $16.63 and a one year high of $27.07.
In other RPC news, Director Amy Rollins Kreisler acquired 5,000 shares of RPC stock in a transaction that occurred 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 purchase, the director now directly owns 5,000 shares in the company, valued at approximately $116,050. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 73.50% of the company’s stock.
An institutional investor recently raised its position in RPC stock. The Manufacturers Life Insurance Company increased its holdings in RPC, Inc. (NYSE:RES) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,514 shares of the oil and gas company’s stock after purchasing an additional 459 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in RPC were worth $132,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 38.10% of the company’s stock.
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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.
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