News stories about RPC (NYSE:RES) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RPC earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 45.6831792135057 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Wells Fargo & Co Reiterates “Market Perform” Rating for RPC (RES) (americanbankingnews.com)
- Remco to Give Hygienic Design Talk at IPPE 2018; Will Be Available at Booth B4716 (prweb.com)
- Global Hemp Group and Marijauna Company of America Issue Final Report on New Brunswick Hemp/CBD Project (money.ca)
- Stephens Initiates Coverage on RPC (RES) (americanbankingnews.com)
- Earnings Season Watch List: RPC (finance.yahoo.com)
Several equities analysts have weighed in on the company. B. Riley reissued a “buy” rating on shares of RPC in a report on Wednesday, November 1st. Cowen set a $28.00 price objective on RPC and gave the company a “hold” rating in a report on Thursday. Wells Fargo & Co reissued a “market perform” rating on shares of RPC in a report on Friday. TheStreet raised RPC from a “c+” rating to a “b” rating in a report on Wednesday, October 25th. Finally, Jefferies Group set a $25.00 price objective on RPC and gave the company a “hold” rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.38.
RPC (NYSE RES) traded down $0.72 during trading on Friday, hitting $24.54. The stock had a trading volume of 2,754,510 shares, compared to its average volume of 1,926,733. RPC has a 52-week low of $16.63 and a 52-week high of $27.07. The company has a market capitalization of $5,260.00, a price-to-earnings ratio of 64.58, a P/E/G ratio of 0.90 and a beta of 1.14.
RPC (NYSE:RES) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.03). RPC had a return on equity of 26.24% and a net margin of 12.17%. The company had revenue of $471.00 million during the quarter, compared to the consensus estimate of $474.41 million. During the same period in the previous year, the business earned ($0.18) earnings per share. RPC’s revenue was up 167.8% on a year-over-year basis. research analysts anticipate that RPC will post 0.81 earnings per share for the current year.
In related news, Director Amy Rollins Kreisler purchased 5,000 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was purchased at an average cost of $23.21 per share, with a total value of $116,050.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $116,050. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 73.50% of the stock is owned by company insiders.
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RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment primarily to independent oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.
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