RPC (RES) Earning Somewhat Positive Media Coverage, Accern Reports
News articles about RPC (NYSE:RES) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RPC earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.1232464679307 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- RPC (RES) Scheduled to Post Quarterly Earnings on Tuesday (americanbankingnews.com)
- What Do Analysts’ Recommend? – RPC Inc (NYSE: RES) (stockspen.com)
- 200 Million Eggs Recalled In 9 States, Including Florida (brevardtimes.com)
- Exclusive”RPC formalises Singapore relationship Singapore firm Premier Law (thelawyer.com)
- FCA to refocus and clamp down on individual misconduct (londonlovesbusiness.com)
Shares of RES opened at $18.45 on Tuesday. RPC has a 12 month low of $16.70 and a 12 month high of $27.07. The firm has a market cap of $3,939.95, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 0.62 and a beta of 0.83.
RPC declared that its board has initiated a share buyback program on Monday, February 12th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the oil and gas company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
RES has been the topic of several recent research reports. B. Riley downgraded RPC from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Friday, December 22nd. Zacks Investment Research upgraded RPC from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research note on Thursday, January 4th. Jefferies Group set a $29.00 price target on RPC and gave the stock a “hold” rating in a research note on Thursday, January 4th. Stephens initiated coverage on RPC in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $28.00 price target on the stock. Finally, Cowen set a $28.00 price target on RPC and gave the stock a “hold” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $23.50.
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RPC, Inc provides a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services offers pressure pumping, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.
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