RPC, Inc. (NYSE:RES – Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.04 per share by the oil and gas company on Thursday, December 10th. This represents a $0.16 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, November 10th.
RPC has a dividend payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect RPC to earn $0.29 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 55.2%.
RPC Trading Down 5.1%
NYSE:RES opened at $5.30 on Friday. RPC has a 12-month low of $4.99 and a 12-month high of $8.16. The firm has a market cap of $1.18 billion, a PE ratio of -31.20 and a beta of 0.82. The company has a current ratio of 3.52, a quick ratio of 2.85 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average price of $6.09 and a 200 day moving average price of $6.36.
RPC (NYSE:RES – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The oil and gas company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $467.74 million for 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%. RPC’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 EPS. Sell-side analysts anticipate that RPC will post 0.29 earnings per share for the current fiscal year.
About RPC
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.
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