Stock analysts at Stephens began coverage on shares of RPC (NYSE:RES) in a research report issued to clients and investors on Tuesday, January 9th, Marketbeat reports. The firm set an “equal weight” rating and a $28.00 price target on the oil and gas company’s stock. Stephens’ price objective indicates a potential upside of 39.37% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. TheStreet raised RPC from a “c+” rating to a “b” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded RPC from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, October 17th. FBR & Co set a $27.00 price target on RPC and gave the company a “buy” rating in a research note on Thursday, October 26th. B. Riley restated a “buy” rating on shares of RPC in a research note on Wednesday, November 1st. Finally, Capital One Financial restated an “equal weight” rating on shares of RPC in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. RPC has an average rating of “Hold” and an average price target of $24.75.
RPC (NYSE:RES) traded down $1.05 during trading hours on Tuesday, reaching $20.09. The company’s stock had a trading volume of 3,030,640 shares, compared to its average volume of 2,707,441. RPC has a 52-week low of $16.63 and a 52-week high of $27.07. The firm has a market cap of $4,351.21, a P/E ratio of 26.79, a P/E/G ratio of 0.68 and a beta of 0.73.
RPC (NYSE:RES) last released its quarterly earnings data on Wednesday, January 24th. The oil and gas company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.16). The company had revenue of $427.30 million during the quarter, compared to analyst estimates of $515.04 million. RPC had a net margin of 10.19% and a return on equity of 17.23%. The company’s quarterly revenue was up 93.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.10) EPS. analysts expect that RPC will post 1.64 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of RPC by 20.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,076,306 shares of the oil and gas company’s stock worth $122,802,000 after purchasing an additional 1,028,001 shares in the last quarter. Victory Capital Management Inc. boosted its stake in RPC by 244.9% in the third quarter. Victory Capital Management Inc. now owns 2,066,941 shares of the oil and gas company’s stock valued at $51,239,000 after buying an additional 1,467,661 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in RPC in the third quarter valued at about $47,921,000. Copper Rock Capital Partners LLC boosted its stake in RPC by 3.6% in the fourth quarter. Copper Rock Capital Partners LLC now owns 1,645,244 shares of the oil and gas company’s stock valued at $41,855,000 after buying an additional 57,072 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new stake in RPC in the third quarter valued at about $36,128,000. 37.94% of the stock is currently owned by institutional investors.
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RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment primarily to independent oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout 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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