RPC (RES) Stock Price, News & Analysis

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RPC in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" RES shares.
View RES analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 12-month price targets for RPC's stock. Their RES share price targets range from $8.00 to $8.00. On average, they predict the company's stock price to reach $8.00 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price.
View analysts price targets for RES or view top-rated stocks among Wall Street analysts.

RPC's stock was trading at $7.28 on January 1st, 2024. Since then, RES shares have increased by 5.6% and is now trading at $7.69.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our RES earnings forecast.

RPC, Inc. (NYSE:RES) issued its earnings results on Thursday, January, 25th. The oil and gas company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The oil and gas company had revenue of $394.50 million for the quarter, compared to analyst estimates of $374.22 million. RPC had a trailing twelve-month return on equity of 21.26% and a net margin of 12.06%. RPC's quarterly revenue was down 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share.

RPC declared a quarterly dividend on Thursday, January 25th. Stockholders of record on Friday, February 9th will be given a dividend of $0.04 per share on Monday, March 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, February 8th.
Read our dividend analysis for RES.

RPC (NYSE:RES) pays an annual dividend of $0.16 per share and currently has a dividend yield of 2.03%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RES will have a dividend payout ratio of 14.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RES.

ETFs with the largest weight of RPC (NYSE:RES) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ), SPDR S&P Oil & Gas Equipment & Services ETF (XES), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Energy ETF (PSCE), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG), Pacer US Small Cap Cash Cows 100 ETF (CALF) and EA Bridgeway Omni Small-Cap Value ETF (BSVO).

RPC declared that its Board of Directors has initiated a stock repurchase program on Wednesday, April 26th 2023, which authorizes the company to repurchase 8,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

8 employees have rated RPC Chief Executive Officer Richard A. Hubbell on Glassdoor.com. Richard A. Hubbell has an approval rating of 52% among the company's employees. This puts Richard A. Hubbell in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other RPC investors own include Chesapeake Energy (CHKAQ), Energy Transfer (ET), Ford Motor (F), QEP Resources (QEP), Oasis Petroleum (OAS), General Electric (GE), Lumen Technologies (LUMN), Marathon Oil (MRO), Pfizer (PFE) and AT&T (T).

RPC's stock is owned by a variety of retail and institutional investors. Top institutional investors include Partnership Wealth Management LLC (0.11%), Bridge City Capital LLC (0.11%), IMC Chicago LLC (0.00%) and Register Financial Advisors LLC (0.00%). Insiders that own company stock include Amy Rollins Kreisler, Ben M Palmer, Gary W Rollins, Lor Inc, Manish Potti, Pam R Rollins and Rollins Holding Company, Inc.
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Shares of RES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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