RPC (NYSE:RES) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

RPC, Inc. (NYSE:RES)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.98 and traded as high as $5.73. RPC shares last traded at $5.6350, with a volume of 1,535,243 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RES. Piper Sandler reiterated an “underweight” rating on shares of RPC in a research report on Thursday, December 18th. Weiss Ratings restated a “hold (c-)” rating on shares of RPC in a research report on Monday, December 29th. Citigroup upped their price objective on RPC from $5.75 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Wall Street Zen cut RPC from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Susquehanna boosted their target price on RPC from $5.50 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $5.25.

RPC Trading Down 0.4%

The company has a current ratio of 2.78, a quick ratio of 2.31 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.24 billion, a P/E ratio of 24.50 and a beta of 0.63. The business has a 50 day moving average of $5.50 and a 200-day moving average of $4.98.

RPC (NYSE:RES) last announced its earnings results on Wednesday, November 16th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $225.31 million for the quarter. RPC had a return on equity of 5.58% and a net margin of 3.12%. Analysts anticipate that RPC, Inc. will post 0.31 EPS for the current fiscal year.

RPC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, November 10th. RPC’s dividend payout ratio (DPR) is currently 69.57%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in RPC by 220.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,533 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 4,495 shares during the period. Tower Research Capital LLC TRC raised its position in shares of RPC by 243.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,681 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 6,153 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of RPC by 940.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 9,113 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 8,237 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of RPC during the 2nd quarter worth approximately $47,000. Finally, State of Wyoming acquired a new stake in shares of RPC during the 1st quarter worth approximately $53,000. Institutional investors own 41.06% of the company’s stock.

RPC Company Profile

RPC, Inc (NYSE: RES) provides essential equipment and services to companies engaged in the exploration, production and maintenance of oil and natural gas wells. The firm operates as an equity interest holding company, partnering with a network of independent service businesses to deliver a comprehensive suite of offerings for well completion and production operations.

Through its affiliated service companies, RPC offers pressure pumping and fracturing services, coiled tubing and nitrogen pumping, downhole tools and telemetry solutions, well intervention and workover services, along with rental tools and supply-chain logistics.