RPC, Inc. (NYSE:RES) was down 8.1% during trading on Monday . The company traded as low as $3.85 and last traded at $3.85, approximately 1,201,130 shares traded hands during mid-day trading. A decline of 38% from the average daily volume of 1,952,231 shares. The stock had previously closed at $4.19.
A number of equities research analysts have commented on RES shares. Scotiabank lowered RPC from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Citigroup lowered RPC from a “neutral” rating to a “sell” rating and set a $3.10 price target on the stock. in a research report on Wednesday, November 20th. Raymond James upgraded RPC from a “market perform” rating to an “outperform” rating and set a $7.00 price target on the stock in a research report on Monday, January 6th. Finally, Credit Suisse Group reiterated a “sell” rating and issued a $3.50 price target on shares of RPC in a research report on Sunday, February 2nd. Eight research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.30.
The company has a current ratio of 4.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $4.43 and a 200 day moving average of $4.80. The company has a market cap of $845.13 million, a P/E ratio of -9.39 and a beta of 1.24.
RPC (NYSE:RES) last announced its earnings results on Wednesday, January 29th. The oil and gas company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. RPC had a negative return on equity of 3.00% and a negative net margin of 7.13%. The company had revenue of $236.00 million for the quarter, compared to analyst estimates of $237.54 million. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s revenue for the quarter was down 37.4% compared to the same quarter last year. On average, equities analysts predict that RPC, Inc. will post -0.11 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. bought a new stake in shares of RPC during the 1st quarter valued at about $25,000. Ancora Advisors LLC bought a new stake in shares of RPC during the 4th quarter valued at about $39,000. Hancock Whitney Corp bought a new stake in shares of RPC during the 4th quarter valued at about $58,000. CIBC Asset Management Inc bought a new stake in shares of RPC during the 3rd quarter valued at about $64,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of RPC during the 3rd quarter valued at about $87,000. Institutional investors own 31.50% of the company’s stock.
About RPC (NYSE:RES)
RPC, Inc, through its subsidiaries, 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.