Investors purchased shares of RPC Inc. (NYSE:RES) on weakness during trading hours on Wednesday. $36.40 million flowed into the stock on the tick-up and $10.53 million flowed out of the stock on the tick-down, for a money net flow of $25.87 million into the stock. Of all stocks tracked, RPC had the 15th highest net in-flow for the day. RPC traded down ($0.05) for the day and closed at $15.27

Several analysts have issued reports on the stock. Citigroup Inc. restated a “hold” rating on shares of RPC in a research report on Saturday, March 19th. FBR & Co upgraded shares of RPC from a “mkt perform” rating to an “outperform” rating and raised their price target for the stock from $11.00 to $15.00 in a research report on Wednesday, June 1st. Seaport Global Securities lowered shares of RPC from a “neutral” rating to a “reduce” rating and set a $12.00 price target on the stock. in a research report on Tuesday, April 19th. Credit Suisse Group AG restated a “hold” rating on shares of RPC in a research report on Thursday, June 2nd. Finally, Morgan Stanley restated a “hold” rating and issued a $19.00 price target (up from $17.50) on shares of RPC in a research report on Wednesday, April 27th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.27.

The stock’s 50-day moving average is $15.13 and its 200 day moving average is $13.64. The stock’s market capitalization is $3.32 billion.

RPC (NYSE:RES) last issued its quarterly earnings data on Wednesday, April 27th. The company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The business had revenue of $189.10 million for the quarter, compared to analysts’ expectations of $208.21 million. During the same period in the previous year, the firm posted $0.04 EPS. The firm’s revenue for the quarter was down 53.5% compared to the same quarter last year. On average, analysts predict that RPC Inc. will post ($0.76) earnings per share for the current fiscal year.

In other RPC news, CEO Richard A. Hubbell sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $15.79, for a total value of $1,579,000.00. Following the completion of the sale, the chief executive officer now owns 2,739,345 shares of the company’s stock, valued at $43,254,257.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Other hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of RPC by 28.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,272,336 shares of the company’s stock valued at $27,154,000 after buying an additional 499,468 shares in the last quarter. Stephens Investment Management Group LLC raised its stake in shares of RPC by 153.7% in the fourth quarter. Stephens Investment Management Group LLC now owns 897,185 shares of the company’s stock valued at $10,721,000 after buying an additional 543,505 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of RPC by 149.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 451,182 shares of the company’s stock valued at $5,391,000 after buying an additional 270,634 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of RPC by 0.6% in the fourth quarter. California Public Employees Retirement System now owns 309,300 shares of the company’s stock valued at $3,696,000 after buying an additional 1,700 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of RPC by 2.4% in the fourth quarter. First Trust Advisors LP now owns 506,036 shares of the company’s stock valued at $6,047,000 after buying an additional 11,914 shares in the last quarter.

RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment to oil and gas companies engaged in the exploration, production and development of oil and gas properties across 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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