RPC, Inc. (NYSE:RES) to Issue $0.04 Quarterly Dividend

RPC, Inc. (NYSE:RES) announced a quarterly dividend on Wednesday, January 28th. Shareholders of record on Tuesday, February 10th will be given a dividend of 0.04 per share by the oil and gas company on Tuesday, March 10th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, February 10th.

RPC has raised its dividend payment by an average of 0.0%annually over the last three years. RPC has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Analysts expect RPC to earn $0.45 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 35.6%.

RPC Trading Down 2.5%

RES traded down $0.17 during trading on Wednesday, hitting $6.36. 1,810,731 shares of the stock were exchanged, compared to its average volume of 1,990,595. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.31 and a current ratio of 2.78. The firm has a 50 day simple moving average of $5.72 and a 200 day simple moving average of $5.10. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 27.63 and a beta of 0.63. RPC has a 1 year low of $4.10 and a 1 year high of $7.04.

RPC (NYSE:RES) last posted its quarterly earnings results on Thursday, October 30th. The oil and gas company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. The business had revenue of $447.10 million during the quarter, compared to analyst estimates of $402.31 million. RPC had a net margin of 3.12% and a return on equity of 5.58%. The company’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. As a group, equities analysts expect that RPC will post 0.31 EPS for the current year.

About RPC

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.