Somewhat Favorable Press Coverage Somewhat Unlikely to Impact RPC (RES) Share Price
Headlines about RPC (NYSE:RES) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. RPC earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 45.4151198816627 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Short Term Technical Analysis: RPC, Inc. (RES), Eli Lilly and Company (LLY) – Market Movers (financialqz.com)
- What’s Happening With These Oil & Gas Stocks? — Precision Drilling … – PR Newswire (press release) (prnewswire.com)
- RPC, Inc. (RES) – Active Institutional Ownership Is Calling – Wallstreet Investorplace (wallstreetinvestorplace.com)
- RPC (RES) to Announce Earnings on Tuesday (americanbankingnews.com)
- Hydraulic Fracturing Market – Global Industry Analysis, Size, Share, Growth (itbusinessnet.com)
RPC (RES) traded down $0.17 during midday trading on Tuesday, hitting $24.37. 1,551,276 shares of the company’s stock were exchanged, compared to its average volume of 1,889,180. The company has a market capitalization of $5,350.00, a PE ratio of 64.13, a PEG ratio of 0.83 and a beta of 1.14. RPC has a 12-month low of $16.63 and a 12-month high of $27.07.
RES has been the topic of several recent research reports. Jefferies Group set a $25.00 target price on shares of RPC and gave the stock a “hold” rating in a report on Thursday, October 26th. Morgan Stanley cut shares of RPC from an “equal weight” rating to an “underweight” rating and set a $25.00 price objective on the stock. in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Credit Suisse Group cut shares of RPC from an “outperform” rating to a “neutral” rating in a research note on Friday, October 13th. They noted that the move was a valuation call. Raymond James Financial cut shares of RPC from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, October 26th. Finally, TheStreet raised shares of RPC from a “c+” rating to a “b” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.38.
In related news, Director Amy Rollins Kreisler bought 5,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were purchased at an average price of $23.21 per share, with a total value of $116,050.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $116,050. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 73.50% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact RPC (RES) Share Price” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/01/16/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-rpc-res-share-price.html.
RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment primarily to independent oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.
Receive News & Ratings for RPC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPC and related companies with MarketBeat.com's FREE daily email newsletter.