Shares of RPC, Inc. (NYSE:RES) have earned an average recommendation of “Hold” from the twenty-one analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation and seventeen have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $16.07.
A number of brokerages have recently commented on RES. ValuEngine raised shares of RPC from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. Cowen cut their price objective on shares of RPC from $15.00 to $12.00 and set a “market perform” rating on the stock in a research report on Friday, October 26th. BMO Capital Markets lowered shares of RPC from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $19.00 to $16.00 in a research report on Thursday, August 9th. Wolfe Research set a $14.00 price objective on shares of RPC and gave the stock a “sell” rating in a research report on Thursday, October 25th. Finally, Zacks Investment Research raised shares of RPC from a “strong sell” rating to a “hold” rating in a research report on Friday, October 12th.
RPC stock opened at $13.08 on Monday. The company has a market capitalization of $2.81 billion, a PE ratio of 19.82, a P/E/G ratio of 0.86 and a beta of 0.70. RPC has a twelve month low of $12.86 and a twelve month high of $27.07. The company has a quick ratio of 3.01, a current ratio of 3.74 and a debt-to-equity ratio of 0.01.
RPC (NYSE:RES) last announced its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.04). The business had revenue of $439.99 million during the quarter, compared to the consensus estimate of $456.54 million. RPC had a return on equity of 20.48% and a net margin of 12.40%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. As a group, equities research analysts predict that RPC will post 0.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 9th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, November 8th. RPC’s dividend payout ratio (DPR) is currently 60.61%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jupiter Asset Management Ltd. raised its position in RPC by 2.1% during the third quarter. Jupiter Asset Management Ltd. now owns 197,154 shares of the oil and gas company’s stock worth $3,066,000 after acquiring an additional 4,005 shares in the last quarter. NumerixS Investment Technologies Inc raised its position in RPC by 101.1% during the second quarter. NumerixS Investment Technologies Inc now owns 10,861 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 5,461 shares in the last quarter. Alps Advisors Inc. raised its position in RPC by 38.9% during the third quarter. Alps Advisors Inc. now owns 31,332 shares of the oil and gas company’s stock worth $485,000 after acquiring an additional 8,777 shares in the last quarter. Cambiar Investors LLC raised its position in shares of RPC by 1.9% in the third quarter. Cambiar Investors LLC now owns 499,200 shares of the oil and gas company’s stock valued at $7,728,000 after purchasing an additional 9,526 shares during the period. Finally, LPL Financial LLC bought a new position in shares of RPC in the third quarter valued at about $156,000. 32.06% of the stock is currently owned by hedge funds and other institutional investors.
RPC, Inc provides a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services offers pressure pumping, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.
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