UBS Group AG Has $3.57 Million Stake in RPC, Inc. $RES

UBS Group AG decreased its holdings in shares of RPC, Inc. (NYSE:RES) by 56.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 656,948 shares of the oil and gas company’s stock after selling 842,477 shares during the period. UBS Group AG’s holdings in RPC were worth $3,574,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in RPC by 220.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,533 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 4,495 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in RPC by 243.4% in the second quarter. Tower Research Capital LLC TRC now owns 8,681 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 6,153 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in RPC by 940.3% in the third quarter. Hantz Financial Services Inc. now owns 9,113 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 8,237 shares during the last quarter. CWM LLC lifted its stake in RPC by 88.2% in the fourth quarter. CWM LLC now owns 9,316 shares of the oil and gas company’s stock valued at $51,000 after acquiring an additional 4,365 shares during the last quarter. Finally, Range Financial Group LLC acquired a new stake in RPC in the fourth quarter valued at $59,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

Wall Street Analysts Forecast Growth

RES has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of RPC in a research note on Tuesday, April 14th. Susquehanna increased their price target on shares of RPC from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Wall Street Zen cut shares of RPC from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $5.63.

RPC Price Performance

Shares of RES opened at $7.05 on Friday. The firm has a market capitalization of $1.56 billion, a PE ratio of 78.34 and a beta of 0.69. The company’s 50-day moving average is $7.08 and its 200-day moving average is $6.23. RPC, Inc. has a fifty-two week low of $4.18 and a fifty-two week high of $8.16. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.13 and a quick ratio of 2.61.

RPC (NYSE:RES) last issued its quarterly earnings data on Thursday, May 7th. The oil and gas company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $454.76 million for the quarter, compared to analyst estimates of $406.68 million. RPC had a net margin of 1.20% and a return on equity of 4.82%. The company’s revenue was up 36.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. Equities analysts forecast that RPC, Inc. will post 0.2 EPS for the current year.

RPC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.16 annualized dividend and a dividend yield of 2.3%. RPC’s dividend payout ratio is presently 177.78%.

RPC Profile

RPC, Inc (NYSE: RES) provides essential equipment and services to companies engaged in the exploration, production and maintenance of oil and natural gas wells. The firm operates as an equity interest holding company, partnering with a network of independent service businesses to deliver a comprehensive suite of offerings for well completion and production operations.

Through its affiliated service companies, RPC offers pressure pumping and fracturing services, coiled tubing and nitrogen pumping, downhole tools and telemetry solutions, well intervention and workover services, along with rental tools and supply-chain logistics.