RPC, Plans Quarterly Dividend of $0.10 (RES)
RPC, (NYSE:RES) declared a quarterly dividend on Wednesday, January 23rd. Investors of record on Friday, February 8th will be given a dividend of $0.10 per share on Friday, March 8th. This represents a $0.40 dividend on an annualized basis and a yield of 2.93%.
RES has been the subject of a number of recent research reports. 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. On a related note, analysts at Dahlman Rose upgraded shares of RPC, from a “sell” rating to a “hold” rating in a research note to investors on Friday, November 16th. They noted that the move was a valuation call. Finally, analysts at FBR Capital cut their price target on shares of RPC, from $17.00 to $15.00 in a research note to investors on Thursday, October 25th. They now have an “outperform” rating on the stock.
Shares of RPC, (RES) opened at 13.68 on Wednesday. RPC, (RES) has a 52 week low of $8.75 and a 52 week high of $14.64. The stock’s 50-day moving average is currently $12.71. The company has a market cap of $3.006 billion and a P/E ratio of 10.16.
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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