RPC (RES) Receives Media Sentiment Rating of 0.18
Headlines about RPC (NYSE:RES) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. RPC earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 45.8459442134552 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- Tidewater Clears Key Benchmark, Hitting 80-Plus RS Rating (finance.yahoo.com)
- RPC Shows Improved Relative Strength; Still Shy Of Benchmark (finance.yahoo.com)
- Reviewing Archrock Partners, L.P. (APLP) & RPC (RES) (americanbankingnews.com)
- RPC, Inc. (RES) Rating Reiterated by Cowen and Company (americanbankingnews.com)
- National Football League players’ union sues over Elliott’s 6-game domestic ban (techkenyot.com)
Several analysts have recently issued reports on the stock. Jefferies Group LLC set a $26.00 target price on shares of RPC and gave the company a “buy” rating in a research report on Saturday, June 17th. Cowen and Company reiterated a “hold” rating and issued a $24.00 target price on shares of RPC in a research report on Friday, September 1st. Barclays PLC assumed coverage on shares of RPC in a research report on Tuesday. They issued an “equal weight” rating and a $19.00 target price on the stock. Piper Jaffray Companies reiterated a “neutral” rating and issued a $20.50 target price (up previously from $18.75) on shares of RPC in a research report on Wednesday, July 12th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of RPC in a research report on Wednesday, July 26th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.69.
RPC (RES) opened at 20.34 on Friday. The firm’s 50-day moving average is $19.90 and its 200-day moving average is $19.33. The stock’s market capitalization is $4.42 billion. RPC has a 52 week low of $14.18 and a 52 week high of $23.36.
RPC (NYSE:RES) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. RPC had a negative net margin of 1.15% and a negative return on equity of 1.74%. The company had revenue of $399 million for the quarter, compared to analysts’ expectations of $415.65 million. During the same period last year, the company earned ($0.23) EPS. The firm’s revenue for the quarter was up 179.0% compared to the same quarter last year. On average, equities research analysts predict that RPC will post $0.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.06 per share. This is a boost from RPC’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, August 8th. RPC’s dividend payout ratio (DPR) is currently -183.30%.
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RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment primarily to independent oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout 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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