RPC Inc. (NYSE:RES) was down 3.1% during trading on Wednesday . The stock traded as low as $15.11 and last traded at $15.16, with a volume of 541,243 shares trading hands. The stock had previously closed at $15.64.

Several equities research analysts have commented on RES shares. FBR & Co reiterated a “buy” rating on shares of RPC in a research note on Thursday, April 28th. Morgan Stanley lowered shares of RPC from an “overweight” rating to an “equal weight” rating and set a $15.00 price target for the company. in a research note on Thursday, March 17th. Citigroup Inc. restated a “hold” rating on shares of RPC in a research note on Saturday, March 19th. Credit Suisse Group AG restated a “hold” rating on shares of RPC in a research note on Thursday, June 2nd. Finally, Nomura Holdings Inc. started coverage on shares of RPC in a research note on Friday, April 8th. They set a “neutral” rating and a $14.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $14.40.

The company’s market capitalization is $3.27 billion. The stock has a 50 day moving average price of $15.33 and a 200-day moving average price of $13.74.

RPC (NYSE:RES) last released its quarterly earnings data on Wednesday, April 27th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.05. The company 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 earned $0.04 earnings per share. The firm’s revenue for the quarter was down 53.5% on a year-over-year basis. On average, analysts predict that RPC Inc. will post ($0.76) earnings per share for the current fiscal year.

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

Other hedge funds have made changes to their positions in the company. California State Teachers Retirement System boosted its stake in shares of RPC by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 109,484 shares of the company’s stock worth $1,308,000 after buying an additional 2,011 shares in the last quarter. California Public Employees Retirement System boosted 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 worth $3,696,000 after buying an additional 1,700 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted 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 worth $5,391,000 after buying an additional 270,634 shares in the last quarter. First Trust Advisors LP boosted 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 worth $6,047,000 after buying an additional 11,914 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted 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 worth $10,721,000 after buying an additional 543,505 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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