RPC, Inc. (RES) – What Are Brokerages Thinking About This Stock?

RPC, Inc. (NYSE:RES – Get Free Report) has been given an average rating of “Reduce” by the six analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $5.67.

A number of equities research analysts have recently issued reports on RES shares. Weiss Ratings cut shares of RPC from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Evercore downgraded RPC to an “outperform” rating in a research note on Friday, October 30th. Finally, Freedom Broker downgraded RPC from a “hold” rating to a “sell” rating and cut their price target for the company from $6.00 to $5.00 in a report on Friday, October 30th.

Read Our Latest Research Report on RES

RPC Trading Down 4.8%

Shares of NYSE:RES opened at $5.62 on Friday. The company’s 50-day moving average price is $6.12 and its two-hundred day moving average price is $6.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.52 and a quick ratio of 2.85. RPC has a one year low of $4.99 and a one year high of $8.16. The stock has a market capitalization of $1.24 billion, a PE ratio of -33.03 and a beta of 0.82.

RPC (NYSE:RES – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The oil and gas company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $467.74 million during the quarter, compared to the consensus estimate of $469.12 million. RPC had a positive return on equity of 5.26% and a negative net margin of 1.77%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. On average, equities analysts forecast that RPC will post 0.29 EPS for the current fiscal year.

RPC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.16 annualized dividend and a yield of 2.8%. RPC’s dividend payout ratio (DPR) is -94.12%.

Institutional Trading of RPC

Several hedge funds have recently added to or reduced their stakes in RES. GAMMA Investing LLC boosted its holdings in shares of RPC by 28.7% in the 3rd quarter. GAMMA Investing LLC now owns 7,892 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 1,761 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in RPC by 4.1% during the third quarter. Illinois Municipal Retirement Fund now owns 46,318 shares of the oil and gas company’s stock worth $261,000 after acquiring an additional 1,823 shares in the last quarter. New York State Teachers Retirement System raised its stake in RPC by 19.4% during the first quarter. New York State Teachers Retirement System now owns 25,770 shares of the oil and gas company’s stock worth $182,000 after acquiring an additional 4,181 shares in the last quarter. USA Financial Formulas bought a new position in shares of RPC in the third quarter worth about $40,000. Finally, State of Wyoming grew its holdings in shares of RPC by 18.1% during the 1st quarter. State of Wyoming now owns 46,639 shares of the oil and gas company’s stock valued at $330,000 after purchasing an additional 7,136 shares during the last quarter. 41.06% of the stock is owned by institutional investors and hedge funds.

RPC Company Profile

(Get Free Report)

RPC, Inc (NYSE: RES) is an oilfield services company that provides specialized equipment and services to energy producers and exploration and production companies. Its offerings support the drilling, completion, production and maintenance of oil and natural gas wells.

The company’s services include pressure pumping, coiled tubing, well control, nitrogen services, downhole tools, well testing, fishing and rental equipment. These services are used in activities such as hydraulic fracturing, well intervention, workover operations and production enhancement.

RPC was founded in 1984 and is headquartered in Atlanta, Georgia.

Recommended Stories

Analyst Recommendations for RPC (NYSE:RES)

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.