RPC, Inc. (NYSE:RES) Given Consensus Rating of “Reduce” by Analysts

RPC, Inc. (NYSE:RES) has earned a consensus rating of “Reduce” from the five research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $5.25.

Several equities research analysts have commented on the company. Piper Sandler restated an “underweight” rating on shares of RPC in a research note on Thursday, December 18th. Citigroup increased their target price on shares of RPC from $5.75 to $6.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of RPC in a research report on Monday, December 29th. Wall Street Zen lowered shares of RPC from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Susquehanna lifted their target price on shares of RPC from $5.50 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th.

RPC Price Performance

RPC stock opened at $5.82 on Monday. RPC has a 1 year low of $4.10 and a 1 year high of $6.85. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.70 and a current ratio of 3.24. The firm has a 50 day moving average price of $5.86 and a 200 day moving average price of $5.20. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 38.77 and a beta of 0.72.

RPC (NYSE:RES) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $425.78 million for the quarter, compared to analysts’ expectations of $423.30 million. RPC had a net margin of 1.97% and a return on equity of 5.24%. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. Sell-side analysts predict that RPC will post 0.31 earnings per share for the current year.

RPC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.8%. RPC’s dividend payout ratio (DPR) is 106.67%.

Institutional Trading of RPC

A number of hedge funds have recently made changes to their positions in RES. EverSource Wealth Advisors LLC boosted its stake in shares of RPC by 220.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,533 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 4,495 shares during the period. Tower Research Capital LLC TRC boosted its position in RPC by 243.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,681 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 6,153 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of RPC by 940.3% during the third quarter. Hantz Financial Services Inc. now owns 9,113 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 8,237 shares in the last quarter. CWM LLC increased its position in shares of RPC by 88.2% during the fourth quarter. CWM LLC now owns 9,316 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 4,365 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of RPC during the second quarter worth about $47,000. Hedge funds and other institutional investors own 41.06% of the company’s stock.

About RPC

RPC, Inc (NYSE: RES) provides essential equipment and services to companies engaged in the exploration, production and maintenance of oil and natural gas wells. The firm operates as an equity interest holding company, partnering with a network of independent service businesses to deliver a comprehensive suite of offerings for well completion and production operations.

Through its affiliated service companies, RPC offers pressure pumping and fracturing services, coiled tubing and nitrogen pumping, downhole tools and telemetry solutions, well intervention and workover services, along with rental tools and supply-chain logistics.