RPC Inc. (NYSE:RES) Receives $14.75 Consensus PT from Analysts
RPC Inc. (NYSE:RES) has been assigned a consensus rating of “Hold” from the twenty brokerages that are presently covering the company. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $14.75.
Several research firms have weighed in on RES. Citigroup Inc. boosted their target price on shares of RPC from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, September 12th. Nomura reissued a “hold” rating and issued a $14.00 price target on shares of RPC in a research note on Thursday, September 22nd. Finally, GMP Securities raised shares of RPC from a “reduce” rating to a “hold” rating in a research note on Thursday, July 28th.
Several large investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its position in shares of RPC by 1.8% in the second quarter. Alliancebernstein L.P. now owns 5,461,293 shares of the company’s stock valued at $84,814,000 after buying an additional 96,704 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of RPC by 4.2% in the second quarter. Vanguard Group Inc. now owns 4,374,514 shares of the company’s stock valued at $67,936,000 after buying an additional 178,032 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of RPC by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,974,207 shares of the company’s stock valued at $46,188,000 after buying an additional 228,052 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of RPC by 101.0% in the first quarter. TIAA CREF Investment Management LLC now owns 2,617,252 shares of the company’s stock valued at $37,113,000 after buying an additional 1,314,979 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its position in shares of RPC by 57.2% in the second quarter. Teachers Advisors Inc. now owns 2,449,157 shares of the company’s stock valued at $38,035,000 after buying an additional 891,411 shares during the last quarter. 34.92% of the stock is currently owned by institutional investors.
RPC (NYSE:RES) opened at 16.80 on Wednesday. The company’s market cap is $3.65 billion. The company has a 50-day moving average of $15.51 and a 200 day moving average of $14.83. RPC has a one year low of $9.51 and a one year high of $16.92.
RPC (NYSE:RES) last posted its earnings results on Wednesday, July 27th. The company reported ($0.23) earnings per share for the quarter, meeting the consensus estimate of ($0.23). The company had revenue of $143 million for the quarter, compared to analyst estimates of $149.41 million. RPC had a negative net margin of 17.29% and a negative return on equity of 16.53%. RPC’s revenue was down 51.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.16) EPS. Analysts anticipate that RPC will post ($0.77) earnings per share for the current year.
RPC Company Profile
RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment to oil and gas companies engaged in the exploration, production and development of oil and gas properties across the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.
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