RPC, Inc. (NYSE:RES) Expected to Post Earnings of $0.10 Per Share

Brokerages predict that RPC, Inc. (NYSE:RESGet Rating) will post earnings of $0.10 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for RPC’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.09. The business is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that RPC will report full-year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.38 to $0.47. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.67 per share, with EPS estimates ranging from $0.60 to $0.72. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow RPC.

RPC (NYSE:RESGet Rating) last released its earnings results on Wednesday, April 27th. The oil and gas company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. RPC had a return on equity of 5.00% and a net margin of 3.31%. The firm had revenue of $284.60 million for the quarter, compared to analysts’ expectations of $286.68 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The company’s quarterly revenue was up 55.9% on a year-over-year basis.

RES has been the subject of several analyst reports. Zacks Investment Research lowered RPC from a “strong-buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a report on Tuesday, March 29th. StockNews.com started coverage on RPC in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Atb Cap Markets restated an “underperform” rating on shares of RPC in a research note on Sunday, April 17th. Johnson Rice upgraded RPC from a “hold” rating to an “accumulate” rating and set a $13.00 target price for the company in a research note on Wednesday, April 27th. Finally, TheStreet upgraded RPC from a “d+” rating to a “c” rating in a research note on Wednesday, January 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, RPC presently has a consensus rating of “Hold” and an average price target of $12.00.

In other RPC news, Director Gary W. Rollins sold 415,000 shares of the stock in a transaction dated Tuesday, March 22nd. The stock was sold at an average price of $9.94, for a total transaction of $4,125,100.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary W. Rollins sold 500,000 shares of the stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $9.86, for a total value of $4,930,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,649,785 shares of company stock worth $16,397,775 over the last ninety days. 65.90% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Lindbrook Capital LLC grew its position in shares of RPC by 48.5% during the 1st quarter. Lindbrook Capital LLC now owns 2,788 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 911 shares during the period. California State Teachers Retirement System grew its position in shares of RPC by 1.8% during the 4th quarter. California State Teachers Retirement System now owns 91,776 shares of the oil and gas company’s stock valued at $417,000 after acquiring an additional 1,597 shares during the period. Teacher Retirement System of Texas grew its position in shares of RPC by 19.1% during the 4th quarter. Teacher Retirement System of Texas now owns 12,377 shares of the oil and gas company’s stock valued at $56,000 after acquiring an additional 1,986 shares during the period. New York State Teachers Retirement System grew its position in shares of RPC by 11.5% during the 4th quarter. New York State Teachers Retirement System now owns 20,289 shares of the oil and gas company’s stock valued at $92,000 after acquiring an additional 2,100 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in shares of RPC during the 1st quarter valued at about $25,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

RPC stock opened at $8.77 on Wednesday. The business has a fifty day moving average of $10.73 and a two-hundred day moving average of $7.43. The firm has a market cap of $1.90 billion, a P/E ratio of 58.47 and a beta of 1.51. RPC has a twelve month low of $3.33 and a twelve month high of $12.91.

About RPC (Get Rating)

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 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.

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Earnings History and Estimates for RPC (NYSE:RES)

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