P10 (NYSE:RPC) Hits New 52-Week Low on Analyst Downgrade

Shares of P10, Inc. (NYSE:RPC) hit a new 52-week low during mid-day trading on Friday after Barclays lowered their price target on the stock from $13.00 to $11.00. Barclays currently has an overweight rating on the stock. P10 traded as low as $8.15 and last traded at $8.53, with a volume of 71258 shares. The stock had previously closed at $8.50.

Separately, Zacks Research upgraded shares of P10 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $11.00.

P10 Trading Up 2.4%

The firm has a market capitalization of $957.09 million, a PE ratio of 9.88 and a beta of 0.80. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99.

P10 (NYSE:RPC) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. P10 had a return on equity of 26.05% and a net margin of 6.86%.The business had revenue of $81.05 million for the quarter, compared to the consensus estimate of $79.97 million.

P10 Company Profile

P10 (NYSE: RPC) is an oilfield services company that provides specialized equipment and field services to upstream oil and gas operators. The company focuses on supplying non‑exclusive, rental and production support products and technical services that help customers complete, produce and maintain wells. Its offerings are designed to support a range of onshore operations, with emphasis on scalable, modular solutions that can be deployed across multiple basins.

Products and services typically include surface and downhole rental tools, completion and production accessories, well intervention and maintenance services, and related operational support.