RPC, Inc. (NYSE:RES) has been given an average rating of “Hold” by the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.56.
RES has been the subject of a number of research analyst reports. Piper Sandler increased their price objective on shares of RPC from $2.80 to $3.10 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Raymond James reaffirmed an “outperform” rating and set a $4.00 price objective (up previously from $3.00) on shares of RPC in a research report on Thursday, May 7th. ValuEngine raised shares of RPC from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Scotiabank raised shares of RPC from an “underperform” rating to a “sector perform” rating and set a $3.00 price target for the company in a research report on Sunday, April 12th. Finally, Morgan Stanley cut shares of RPC from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $6.00 to $2.50 in a research report on Monday, March 16th.
NYSE:RES opened at $3.06 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.24 and a current ratio of 4.06. The stock has a market capitalization of $639.32 million, a P/E ratio of -2.62 and a beta of 2.14. The company has a 50 day moving average price of $3.32 and a 200 day moving average price of $3.56. RPC has a fifty-two week low of $1.72 and a fifty-two week high of $7.53.
RPC (NYSE:RES) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. The firm had revenue of $243.80 million during the quarter, compared to analysts’ expectations of $123.06 million. RPC had a negative net margin of 21.81% and a negative return on equity of 4.24%. The company’s revenue was down 27.2% compared to the same quarter last year. Research analysts forecast that RPC will post -0.37 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in RES. Federated Hermes Inc. lifted its position in shares of RPC by 459.3% during the 1st quarter. Federated Hermes Inc. now owns 1,174,279 shares of the oil and gas company’s stock worth $2,419,000 after purchasing an additional 964,310 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of RPC during the 1st quarter worth $131,000. Rhumbline Advisers lifted its position in shares of RPC by 17.6% during the 1st quarter. Rhumbline Advisers now owns 209,818 shares of the oil and gas company’s stock worth $432,000 after purchasing an additional 31,433 shares during the last quarter. Deutsche Bank AG lifted its position in shares of RPC by 29.6% during the 1st quarter. Deutsche Bank AG now owns 2,173,396 shares of the oil and gas company’s stock worth $4,477,000 after purchasing an additional 496,893 shares during the last quarter. Finally, Aperio Group LLC lifted its position in shares of RPC by 83.8% during the 1st quarter. Aperio Group LLC now owns 147,509 shares of the oil and gas company’s stock worth $304,000 after purchasing an additional 67,245 shares during the last quarter. 30.24% of the stock is owned by institutional investors and hedge funds.
RPC Company Profile
RPC, Inc, through its subsidiaries, 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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