RPC, Rating Increased to Outperform at Zacks (RES)
RPC, (NYSE: RES) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday. The firm currently has a $17.70 price target on the stock.
Separately, analysts at Goldman Sachs initiated coverage on shares of RPC, in a research note to investors on Tuesday, December 18th. They set a “neutral” rating and a $14.00 price target on the stock.
Shares of RPC, (NYSE: RES) traded down 0.36% during mid-day trading on Monday, hitting $16.55. RPC, has a 52 week low of $8.75 and a 52 week high of $17.40. The stock’s 50-day moving average is currently $15.95. The company has a market cap of $3.652 billion and a P/E ratio of 13.08.
RPC, (NYSE: RES) last released its earnings data on Wednesday, January 23rd. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.02. The company had revenue of $482.80 million for the quarter, compared to the consensus estimate of $453.83 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts expect that RPC, will post $1.00 EPS for the current fiscal year.
RPC, Inc. (RPC) is a holding company. RPC provides a range of specialized oilfield services and equipment primarily to oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Rocky Mountain and northeast regions, and in selected international markets.
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