RPC, Inc. (RES) Receives Consensus Recommendation of “Hold” from Analysts

RPC, Inc. (NYSE:RES) has been given an average recommendation of “Hold” by the twenty-three ratings firms that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $12.69.

Several research firms recently weighed in on RES. Raymond James lowered shares of RPC from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 13th. Zacks Investment Research upgraded shares of RPC from a “sell” rating to a “hold” rating in a research report on Tuesday, February 26th. Wells Fargo & Co lowered shares of RPC from a “market perform” rating to an “underperform” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. ValuEngine lowered shares of RPC from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 9th. Finally, Susquehanna Bancshares set a $13.00 price target on shares of RPC and gave the company a “hold” rating in a research report on Tuesday, April 2nd.

Shares of NYSE RES traded up $0.13 during trading on Friday, hitting $12.58. The stock had a trading volume of 109,839 shares, compared to its average volume of 1,824,765. RPC has a 12 month low of $9.35 and a 12 month high of $20.18. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 3.46 and a beta of 0.99.

RPC (NYSE:RES) last posted its earnings results on Wednesday, January 23rd. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). RPC had a return on equity of 17.63% and a net margin of 10.19%. The firm had revenue of $376.80 million during the quarter, compared to the consensus estimate of $385.48 million. During the same quarter in the previous year, the company earned $0.18 EPS. The business’s revenue was down 11.8% compared to the same quarter last year. Equities analysts forecast that RPC will post 0.3 EPS for the current fiscal year.

In other news, Director Pam R. Rollins purchased 10,000 shares of the stock in a transaction dated Thursday, January 31st. The shares were purchased at an average cost of $10.85 per share, with a total value of $108,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 73.20% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in RPC by 243.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 7,800 shares in the last quarter. Amalgamated Bank purchased a new stake in RPC in the fourth quarter valued at approximately $114,000. LPL Financial LLC raised its stake in RPC by 26.6% in the fourth quarter. LPL Financial LLC now owns 12,756 shares of the oil and gas company’s stock valued at $126,000 after purchasing an additional 2,680 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in RPC by 85.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 13,984 shares of the oil and gas company’s stock valued at $129,000 after purchasing an additional 6,459 shares in the last quarter. Finally, Raymond James & Associates raised its stake in RPC by 31.0% in the fourth quarter. Raymond James & Associates now owns 13,130 shares of the oil and gas company’s stock valued at $130,000 after purchasing an additional 3,110 shares in the last quarter. 32.60% of the stock is currently owned by hedge funds and other institutional investors.

RPC Company Profile

RPC, Inc, through its subsidiaries, provides 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 offers pressure pumping, fracturing, acidizing, 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.

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Analyst Recommendations for RPC (NYSE:RES)

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