RPC (RES) Earns Daily Media Sentiment Rating of 0.22
Press coverage about RPC (NYSE:RES) has trended somewhat positive on Saturday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. RPC earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 46.0338313602653 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Zacks: Analysts Expect RPC, Inc. (RES) to Announce $0.34 EPS (americanbankingnews.com)
- RPC, Inc. breached its 50 day moving average in a Bullish Manner : RES-US : December 1, 2017 (finance.yahoo.com)
- ETFs with exposure to RPC, Inc. : November 29, 2017 (finance.yahoo.com)
- RPC profit surges helped by acquisitions, forex (finance.yahoo.com)
- Global Dairy Packaging Industry Report 2017-2022 – Trends, Share, Size, Growth … (globenewswire.com)
RES has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of RPC from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 5th. B. Riley set a $27.00 price objective on shares of RPC and gave the company a “buy” rating in a research note on Tuesday, November 14th. Barclays set a $21.00 price objective on shares of RPC and gave the company a “hold” rating in a research note on Friday, October 27th. FBR & Co set a $27.00 price objective on shares of RPC and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Credit Suisse Group lowered shares of RPC from an “outperform” rating to a “neutral” rating in a research note on Friday, October 13th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. RPC has an average rating of “Hold” and an average price target of $24.23.
RPC (NYSE:RES) traded up $0.83 during mid-day trading on Friday, hitting $24.87. 874,630 shares of the stock were exchanged, compared to its average volume of 1,010,694. RPC has a twelve month low of $16.63 and a twelve month high of $26.45. The firm has a market capitalization of $5,206.72, a P/E ratio of 61.64, a P/E/G ratio of 1.64 and a beta of 1.15.
RPC (NYSE:RES) last released its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). RPC had a return on equity of 10.31% and a net margin of 6.03%. The company had revenue of $471.00 million for the quarter, compared to analyst estimates of $474.41 million. During the same period in the previous year, the business posted ($0.18) EPS. The firm’s quarterly revenue was up 167.8% compared to the same quarter last year. equities analysts predict that RPC will post 0.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 10th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from RPC’s previous quarterly dividend of $0.06. RPC’s dividend payout ratio (DPR) is presently 73.69%.
In related news, Director Amy Rollins Kreisler purchased 5,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was acquired at an average price of $23.21 per share, with a total value of $116,050.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $116,050. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 73.50% of the stock is currently owned by company insiders.
RPC Company Profile
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.
Receive News & Ratings for RPC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPC Inc. and related companies with MarketBeat.com's FREE daily email newsletter.