News stories about RPC (NYSE:RES) have trended positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RPC earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.0886628874366 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several equities analysts have recently weighed in on RES shares. B. Riley lowered RPC from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research note on Thursday, December 28th. Guggenheim set a $25.00 price objective on RPC and gave the company a “buy” rating in a research note on Monday, January 29th. Stephens started coverage on RPC in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $28.00 price objective on the stock. Wells Fargo reaffirmed a “market perform” rating on shares of RPC in a research note on Friday, January 12th. Finally, Zacks Investment Research raised RPC from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.26.
RPC stock opened at $17.21 on Friday. The company has a market cap of $3,809.84, a P/E ratio of 26.08, a P/E/G ratio of 0.59 and a beta of 0.83. RPC has a one year low of $16.87 and a one year high of $27.07.
RPC (NYSE:RES) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $515.04 million. RPC had a return on equity of 16.90% and a net margin of 10.19%. The business’s revenue was up 93.3% on a year-over-year basis. During the same period last year, the firm posted ($0.10) earnings per share. analysts predict that RPC will post 1.64 earnings per share for the current fiscal year.
RPC declared that its Board of Directors has initiated a share buyback plan on Monday, February 12th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the oil and gas company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 9th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 8th. This is a positive change from RPC’s previous quarterly dividend of $0.07. This represents a $0.40 annualized dividend and a yield of 2.32%. RPC’s payout ratio is 60.61%.
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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 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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