Barclays Issues Pessimistic Forecast for P10 (NYSE:RPC) Stock Price

P10 (NYSE:RPC) had its price target cut by investment analysts at Barclays from $13.00 to $11.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 27.02% from the stock’s previous close.

Separately, Zacks Research raised shares of P10 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus price target of $11.00.

P10 Price Performance

Shares of NYSE:RPC traded up $0.16 on Friday, reaching $8.66. The company had a trading volume of 439,051 shares, compared to its average volume of 536,884. The stock has a market capitalization of $952.73 million, a P/E ratio of -3.00 and a beta of 0.80. P10 has a twelve month low of $8.15 and a twelve month high of $13.47.

P10 (NYSE:RPC) last issued its quarterly earnings data 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. The company had revenue of $81.05 million during 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.