20,060 Shares in RPC, Inc. (RES) Acquired by Bigelow Investment Advisors LLC

Bigelow Investment Advisors LLC bought a new position in shares of RPC, Inc. (NYSE:RES) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 20,060 shares of the oil and gas company’s stock, valued at approximately $311,000.

A number of other institutional investors also recently bought and sold shares of RES. NumerixS Investment Technologies Inc grew its holdings in RPC by 101.1% during the second quarter. NumerixS Investment Technologies Inc now owns 10,861 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 5,461 shares during the period. Quantitative Systematic Strategies LLC acquired a new stake in RPC during the second quarter worth about $169,000. BlueMountain Capital Management LLC grew its holdings in RPC by 484.4% during the second quarter. BlueMountain Capital Management LLC now owns 12,833 shares of the oil and gas company’s stock worth $187,000 after acquiring an additional 10,637 shares during the period. Point72 Hong Kong Ltd grew its holdings in RPC by 682.3% during the second quarter. Point72 Hong Kong Ltd now owns 13,667 shares of the oil and gas company’s stock worth $199,000 after acquiring an additional 11,920 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in RPC during the second quarter worth about $206,000. 32.31% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on the company. Seaport Global Securities reaffirmed a “neutral” rating on shares of RPC in a report on Thursday, July 26th. Cowen reaffirmed a “hold” rating and set a $15.00 target price on shares of RPC in a report on Thursday, July 26th. B. Riley set a $16.00 target price on RPC and gave the stock a “hold” rating in a report on Thursday, July 26th. Zacks Investment Research lowered RPC from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 17th. Finally, Wolfe Research set a $14.00 target price on RPC and gave the stock a “sell” rating in a report on Thursday, October 25th. Three analysts have rated the stock with a sell rating and seventeen have issued a hold rating to the company. RPC presently has a consensus rating of “Hold” and a consensus price target of $17.35.

NYSE RES opened at $15.00 on Tuesday. The company has a market capitalization of $3.18 billion, a PE ratio of 22.73, a PEG ratio of 0.97 and a beta of 0.70. RPC, Inc. has a 1-year low of $12.96 and a 1-year high of $27.07. The company has a current ratio of 3.74, a quick ratio of 3.01 and a debt-to-equity ratio of 0.01.

RPC (NYSE:RES) last released its earnings results on Wednesday, October 24th. The oil and gas company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $439.99 million during the quarter, compared to analysts’ expectations of $456.54 million. RPC had a net margin of 12.40% and a return on equity of 20.48%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 EPS. On average, research analysts predict that RPC, Inc. will post 0.84 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 9th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.67%. RPC’s dividend payout ratio (DPR) is presently 60.61%.

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RPC Profile

RPC, Inc provides a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services offers pressure pumping, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.

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Institutional Ownership by Quarter for RPC (NYSE:RES)

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