RPC Inc. (NYSE:RES) was down 2.7% on Thursday . The stock traded as low as $14.19 and last traded at $14.19, with a volume of 627,227 shares traded. The stock had previously closed at $14.59.

Several equities research analysts have weighed in on RES shares. Nomura Holdings Inc. started coverage on shares of RPC in a report on Friday, April 8th. They issued a “neutral” rating and a $14.00 target price on the stock. Iberia Capital upgraded shares of RPC to an “outperform” rating in a report on Tuesday, May 17th. Morgan Stanley increased their target price on shares of RPC from $15.00 to $17.50 and gave the stock an “equal weight” rating in a report on Tuesday, April 19th. Seaport Global Securities lowered shares of RPC from a “neutral” rating to a “reduce” rating and set a $12.00 target price on the stock. in a report on Tuesday, April 19th. Finally, SunTrust Banks Inc. increased their target price on shares of RPC from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, March 25th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.40.

The company’s 50-day moving average price is $15.34 and its 200 day moving average price is $13.83. The stock’s market capitalization is $3.11 billion.

RPC (NYSE:RES) last issued its quarterly earnings results on Wednesday, April 27th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.05. The firm earned $189.10 million during the quarter, compared to analyst estimates of $208.21 million. The firm’s revenue for the quarter was down 53.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. On average, analysts expect that RPC Inc. will post ($0.77) earnings per share for the current year.

In related news, CEO Richard A. Hubbell sold 100,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 2,739,345 shares in the company, valued at approximately $43,254,257.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds and institutional investors recently added to or reduced their stakes in RES. California State Teachers Retirement System increased its position in 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 during the last quarter. California Public Employees Retirement System increased its position in 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 during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in 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 during the last quarter. First Trust Advisors LP increased its position in 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 during the last quarter. Finally, Stephens Investment Management Group LLC increased its position in 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 during 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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