Shares of RPC, Inc. (NYSE:RES) have earned a consensus rating of “Hold” from the twenty-one ratings firms that are covering the stock, Marketbeat reports. Nine analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $12.28.
A number of brokerages have commented on RES. Citigroup restated a “buy” rating and issued a $25.00 target price on shares of Propetro in a research note on Tuesday, July 2nd. Morgan Stanley set a $207.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Friday, July 12th. ValuEngine downgraded Verso from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. AltaCorp Capital reiterated a “sector perform” rating on shares of STEP Energy Services in a research note on Thursday, June 20th. Finally, Susquehanna Bancshares set a $70.00 price target on Helmerich & Payne and gave the stock a “buy” rating in a research note on Tuesday, April 2nd.
NYSE RES traded up $0.25 on Tuesday, reaching $6.36. The stock had a trading volume of 2,361,300 shares, compared to its average volume of 1,968,191. The firm has a 50 day simple moving average of $7.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.53 and a quick ratio of 2.77. RPC has a 1 year low of $5.95 and a 1 year high of $17.24. The company has a market capitalization of $1.37 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of 7.52 and a beta of 1.06.
RPC (NYSE:RES) last issued its earnings results on Wednesday, April 24th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). RPC had a net margin of 7.57% and a return on equity of 11.99%. The firm had revenue of $334.70 million during the quarter, compared to analysts’ expectations of $351.95 million. During the same quarter last year, the firm earned $0.24 EPS. The business’s revenue for the quarter was down 23.3% compared to the same quarter last year. On average, research analysts forecast that RPC will post 0.14 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new stake in shares of RPC during the 1st quarter worth about $25,000. Amalgamated Bank acquired a new position in shares of RPC in the 4th quarter valued at $114,000. LPL Financial LLC lifted its stake in shares of RPC by 26.6% in the 4th quarter. LPL Financial LLC now owns 12,756 shares of the oil and gas company’s stock valued at $126,000 after purchasing an additional 2,680 shares during the period. Raymond James & Associates lifted its stake in shares of RPC by 31.0% in the 4th quarter. Raymond James & Associates now owns 13,130 shares of the oil and gas company’s stock valued at $130,000 after purchasing an additional 3,110 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of RPC in the 1st quarter valued at $154,000. Institutional investors own 31.94% of the company’s stock.
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.
Featured Story: Dow Jones Industrial Average (DJIA)
Receive News & Ratings for RPC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPC and related companies with MarketBeat.com's FREE daily email newsletter.