Campbell & CO Investment Adviser LLC Acquires Shares of 54,755 RPC, Inc. $RES

Campbell & CO Investment Adviser LLC bought a new position in shares of RPC, Inc. (NYSE:RES) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 54,755 shares of the oil and gas company’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RES. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in RPC in the 2nd quarter valued at about $47,000. State of Wyoming purchased a new stake in shares of RPC in the first quarter worth approximately $53,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of RPC in the first quarter valued at approximately $64,000. Teacher Retirement System of Texas purchased a new position in shares of RPC during the first quarter valued at approximately $69,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in RPC during the second quarter worth $69,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

RPC Stock Performance

Shares of RES stock opened at $5.25 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.16 and a current ratio of 2.64. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 20.17 and a beta of 0.80. RPC, Inc. has a 52 week low of $4.10 and a 52 week high of $7.17. The firm’s 50-day simple moving average is $4.83 and its two-hundred day simple moving average is $4.79.

RPC (NYSE:RES) last released its earnings results on Wednesday, November 16th. The oil and gas company reported $0.02 earnings per share for the quarter. The firm had revenue of $225.31 million during the quarter. RPC had a net margin of 3.77% and a return on equity of 5.65%. As a group, equities analysts forecast that RPC, Inc. will post 0.31 earnings per share for the current year.

RPC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, November 10th. RPC’s dividend payout ratio (DPR) is currently 69.57%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Piper Sandler dropped their price objective on RPC from $5.00 to $4.00 and set an “underweight” rating on the stock in a research note on Thursday, August 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of RPC in a report on Wednesday, October 8th. Wall Street Zen lowered shares of RPC from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Susquehanna reduced their price objective on shares of RPC from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $4.69.

About RPC

RPC, Inc, through its subsidiaries, engages provision of 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.