Barclays Cuts P10 (NYSE:RPC) Price Target to $11.00

P10 (NYSE:RPC) had its target price reduced by Barclays from $13.00 to $11.00 in a research report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Separately, Zacks Research raised shares of P10 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, P10 currently has an average rating of “Buy” and a consensus price target of $11.00.

P10 Stock Performance

Shares of RPC stock opened at $8.70 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. P10 has a 1-year low of $8.15 and a 1-year high of $13.47. The stock has a market cap of $957.09 million, a P/E ratio of 48.33 and a beta of 0.80.

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

About P10

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.