RPC, Inc. (NYSE:RES) gapped up before the market opened on Monday . The stock had previously closed at $18.85, but opened at $18.54. RPC shares last traded at $18.54, with a volume of 2392213 shares.

A number of equities research analysts have commented on the stock. Guggenheim set a $25.00 target price on shares of RPC and gave the stock a “buy” rating in a research note on Monday, January 29th. Credit Suisse Group decreased their target price on shares of RPC from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. Wells Fargo & Co decreased their target price on shares of RPC from $27.00 to $25.00 and set a “market perform” rating on the stock in a research note on Thursday, January 25th. BMO Capital Markets decreased their target price on shares of RPC from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Finally, B. Riley set a $27.00 target price on shares of RPC and gave the stock a “hold” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.75.

The firm has a market cap of $4,015.50, a PE ratio of 27.67, a PEG ratio of 0.63 and a beta of 0.73.

RPC (NYSE:RES) last released its quarterly earnings data on Wednesday, January 24th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.16). The company had revenue of $427.30 million for the quarter, compared to the consensus estimate of $515.04 million. RPC had a net margin of 10.19% and a return on equity of 17.23%. The company’s quarterly revenue was up 93.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) EPS. analysts expect that RPC, Inc. will post 1.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, February 8th. This is a boost from RPC’s previous quarterly dividend of $0.07. RPC’s payout ratio is currently 53.33%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in RPC by 20.4% in the second quarter. Vanguard Group Inc. now owns 6,076,306 shares of the oil and gas company’s stock worth $122,802,000 after purchasing an additional 1,028,001 shares during the last quarter. BlackRock Inc. increased its position in RPC by 3.8% in the fourth quarter. BlackRock Inc. now owns 3,022,697 shares of the oil and gas company’s stock worth $77,170,000 after purchasing an additional 111,534 shares during the last quarter. Victory Capital Management Inc. increased its position in RPC by 244.9% in the third quarter. Victory Capital Management Inc. now owns 2,066,941 shares of the oil and gas company’s stock worth $51,239,000 after purchasing an additional 1,467,661 shares during the last quarter. Mackenzie Financial Corp increased its position in RPC by 25.1% in the fourth quarter. Mackenzie Financial Corp now owns 2,038,483 shares of the oil and gas company’s stock worth $52,042,000 after purchasing an additional 408,900 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in RPC in the third quarter worth $47,921,000. Institutional investors own 37.43% of the company’s stock.

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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 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.

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