SummerHaven Investment Management LLC Acquires 132,296 Shares of RPC, Inc. $RES

Posted by Brenda Bartman on Oct 18th, 2026

SummerHaven Investment Management LLC bought a new stake in shares of RPC, Inc. (NYSE:RES – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 132,296 shares of the oil and gas company’s stock, valued at approximately $745,000. SummerHaven Investment Management LLC owned 0.06% of RPC as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. USA Financial Formulas acquired a new stake in RPC in the third quarter worth $40,000. GAMMA Investing LLC increased its stake in RPC by 28.7% in the third 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. State of Wyoming bought a new stake in RPC in the second quarter valued at $54,000. Commerce Bank bought a new stake in RPC in the second quarter valued at $62,000. Finally, IMC Chicago LLC acquired a new position in shares of RPC during the first quarter valued at about $80,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RES. Weiss Ratings cut shares of RPC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 16th. Susquehanna decreased their target price on RPC from $7.50 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $6.00.

Check Out Our Latest Stock Report on RES

RPC Price Performance

Shares of NYSE:RES opened at $6.05 on Friday. RPC, Inc. has a twelve month low of $4.24 and a twelve month high of $8.16. The stock’s 50 day moving average is $6.15 and its 200-day moving average is $6.42. The company has a quick ratio of 2.76, a current ratio of 3.34 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 67.28 and a beta of 0.86.

RPC (NYSE:RES – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The business had revenue of $460.87 million during the quarter, compared to the consensus estimate of $463.48 million. RPC had a net margin of 1.28% and a return on equity of 4.82%. RPC’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. Sell-side analysts forecast that RPC, Inc. will post 0.26 EPS for the current fiscal year.

RPC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, August 10th. RPC’s dividend payout ratio (DPR) is 177.78%.

About RPC

(Free Report)

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

The company’s service offerings include pressure pumping, well testing, coiled tubing, snubbing, nitrogen services, wireline services, downhole tools and related well-control solutions. RPC also provides equipment and services used to improve well performance, manage pressure and assist with intervention work throughout the life of a well.

Founded in 1984 and headquartered in Atlanta, Georgia, RPC serves customers primarily in the United States, with operations and service capabilities that have also extended to selected international markets.