RPC, Inc. (RES) To Go Ex-Dividend on August 10th

RPC, Inc. (NYSE:RES) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Monday, August 10th will be given a dividend of 0.04 per share by the oil and gas company on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 10th.

RPC has a dividend payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect RPC to earn $0.27 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 59.3%.

RPC Price Performance

Shares of RES opened at $5.87 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.76 and a current ratio of 3.34. The stock has a 50 day simple moving average of $6.11 and a 200 day simple moving average of $6.46. RPC has a 52-week low of $4.18 and a 52-week high of $8.16. The firm has a market capitalization of $1.30 billion, a PE ratio of 65.17 and a beta of 0.67.

RPC (NYSE:RES) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. RPC had a return on equity of 4.82% and a net margin of 1.28%.The business had revenue of $460.87 million during the quarter, compared to analysts’ expectations of $463.48 million. During the same period in the prior year, the business earned $0.08 EPS. RPC’s revenue for the quarter was up 9.5% compared to the same quarter last year. Sell-side analysts predict that RPC will post 0.26 EPS for the current fiscal year.

About RPC

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.