A number of other equities research analysts also recently weighed in on RES. Citigroup Inc. lifted their target price on RPC from $15.00 to $16.00 and gave the stock a neutral rating in a report on Monday, September 12th. GMP Securities upgraded RPC from a reduce rating to a hold rating in a report on Thursday, July 28th. Credit Suisse Group AG reiterated a hold rating on shares of RPC in a report on Thursday, June 2nd. Finally, FBR & Co upgraded RPC from a mkt perform rating to an outperform rating and lifted their target price for the stock from $11.00 to $15.00 in a report on Wednesday, June 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. RPC presently has a consensus rating of Hold and a consensus price target of $14.33.
Shares of RPC (NYSE:RES) opened at 15.70 on Thursday. RPC has a 12-month low of $8.45 and a 12-month high of $16.84. The firm’s market cap is $3.42 billion. The stock has a 50 day moving average price of $15.38 and a 200 day moving average price of $14.77.
RPC (NYSE:RES) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.23) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.23). RPC had a negative return on equity of 16.53% and a negative net margin of 17.29%. The company earned $143 million during the quarter, compared to the consensus estimate of $149.41 million. During the same period last year, the company earned ($0.16) earnings per share. The firm’s revenue was down 51.9% compared to the same quarter last year. On average, equities analysts expect that RPC will post ($0.77) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of RES. Pacer Advisors Inc. acquired a new position in RPC during the second quarter valued at $107,000. Teacher Retirement System of Texas boosted its position in RPC by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,093 shares of the company’s stock valued at $141,000 after buying an additional 1,103 shares in the last quarter. Glenmede Trust Co. NA boosted its position in RPC by 1.2% in the second quarter. Glenmede Trust Co. NA now owns 9,106 shares of the company’s stock valued at $141,000 after buying an additional 106 shares in the last quarter. Raymond James & Associates acquired a new position in RPC during the second quarter valued at $155,000. Finally, Virginia Retirement Systems ET AL acquired a new position in RPC during the second quarter valued at $163,000. 34.92% of the stock is currently owned by institutional investors and hedge funds.
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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