RPC, Inc. (RES) to Issue Quarterly Dividend of $0.04 on December 10th

RPC, Inc. (NYSE:RES) announced a quarterly dividend on Thursday, October 30th. Stockholders of record on Monday, November 10th will be given a dividend of 0.04 per share by the oil and gas company on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, November 10th.

RPC has increased its dividend payment by an average of 0.0%annually over the last three years. RPC has a dividend payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 1.0%

Shares of RES stock opened at $5.49 on Friday. The firm has a fifty day moving average of $4.75 and a 200-day moving average of $4.77. RPC has a 52-week low of $4.10 and a 52-week high of $7.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.16 and a current ratio of 2.64. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 21.10 and a beta of 0.80.

RPC (NYSE:RES) last released its earnings results on Wednesday, November 16th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter. RPC had a return on equity of 5.65% and a net margin of 3.77%.The business had revenue of $225.31 million for the quarter. On average, equities research analysts forecast that RPC will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RES has been the topic of a number of research analyst reports. Wall Street Zen raised shares of RPC from a “hold” rating to a “buy” rating in a report on Saturday. Piper Sandler cut their price objective on shares of RPC from $5.00 to $4.00 and set an “underweight” rating for the company in a report on Thursday, August 14th. Stifel Nicolaus decreased their price target on RPC from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, July 16th. Weiss Ratings restated a “sell (d+)” rating on shares of RPC in a research note on Wednesday, October 8th. Finally, Susquehanna reduced their price target on shares of RPC from $5.50 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, July 25th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $4.69.

RPC Company Profile

RPC, Inc, through its subsidiaries, engages provision of 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 segment offers pressure pumping, fracturing, acidizing, cementing, 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.