RPC, Inc. (NYSE:RES) Declares Quarterly Dividend of $0.04

RPC, Inc. (NYSE:RES) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Monday, May 11th will be paid a dividend of 0.04 per share by the oil and gas company on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, May 11th.

RPC has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.5%

Shares of RPC stock opened at $7.95 on Wednesday. The firm has a 50-day moving average of $6.71 and a 200-day moving average of $5.95. The stock has a market cap of $1.76 billion, a PE ratio of 52.97 and a beta of 0.61. RPC has a 52-week low of $4.18 and a 52-week high of $8.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.70 and a current ratio of 3.24.

RPC (NYSE:RES) last released its earnings results on Tuesday, February 3rd. The oil and gas company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $425.78 million for the quarter, compared to the consensus estimate of $423.30 million. RPC had a net margin of 1.97% and a return on equity of 5.24%. The business’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. As a group, sell-side analysts forecast that RPC will post 0.18 EPS for the current year.

RPC Company 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.