RPC (NYSE:RES) Price Target Raised to $7.50

RPC (NYSE:RES) had its price objective increased by Susquehanna from $7.00 to $7.50 in a research report report published on Friday, Marketbeat reports. The brokerage currently has a neutral rating on the oil and gas company’s stock.

Several other research analysts have also issued reports on RES. Weiss Ratings reissued a “hold (c)” rating on shares of RPC in a research note on Tuesday, April 14th. Wall Street Zen lowered shares of RPC from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, RPC currently has an average rating of “Reduce” and an average price target of $5.63.

RPC Stock Down 0.1%

Shares of NYSE RES opened at $6.80 on Friday. The firm has a market cap of $1.51 billion, a PE ratio of 75.50 and a beta of 0.69. RPC has a 12-month low of $4.18 and a 12-month high of $8.16. The company’s fifty day simple moving average is $6.87 and its 200 day simple moving average is $6.07. The company has a quick ratio of 2.61, a current ratio of 3.13 and a debt-to-equity ratio of 0.03.

RPC (NYSE:RES) last issued its earnings results on Thursday, May 7th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $454.76 million for the quarter, compared to analyst estimates of $406.68 million. RPC had a net margin of 1.20% and a return on equity of 4.82%. RPC’s revenue was up 36.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. As a group, sell-side analysts forecast that RPC will post 0.18 earnings per share for the current fiscal year.

RPC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, May 11th. RPC’s dividend payout ratio (DPR) is 177.78%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in shares of RPC by 220.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,533 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 4,495 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of RPC by 243.4% in the second quarter. Tower Research Capital LLC TRC now owns 8,681 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 6,153 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of RPC by 940.3% in the third quarter. Hantz Financial Services Inc. now owns 9,113 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 8,237 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of RPC in the fourth quarter valued at $48,000. Finally, CWM LLC lifted its stake in shares of RPC by 88.2% in the fourth quarter. CWM LLC now owns 9,316 shares of the oil and gas company’s stock valued at $51,000 after buying an additional 4,365 shares in the last quarter. 41.06% of the stock is owned by institutional investors.

Trending Headlines about RPC

Here are the key news stories impacting RPC this week:

• Positive Sentiment: RPC reported Q1 EPS of $0.03, topping the consensus estimate of $0.01, which suggests the business performed better than expected. RPC, Inc. Reports First Quarter 2026 Financial Results
• Positive Sentiment: Revenue came in at about $454.8 million, above analyst estimates, and rose 36.6% year over year, showing solid demand for RPC’s oilfield services. RPC (RES) Q1 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Susquehanna raised its price target on RPC to $7.50 from $7.00 but kept a neutral rating, signaling modest upside rather than a strongly bullish view. Benzinga / The Fly report
• Negative Sentiment: Despite the earnings beat, profit still declined from $0.06 per share a year ago, which may be pressuring sentiment around margins and earnings quality.

About RPC

RPC, Inc (NYSE: RES) provides essential equipment and services to companies engaged in the exploration, production and maintenance of oil and natural gas wells. The firm operates as an equity interest holding company, partnering with a network of independent service businesses to deliver a comprehensive suite of offerings for well completion and production operations.

Through its affiliated service companies, RPC offers pressure pumping and fracturing services, coiled tubing and nitrogen pumping, downhole tools and telemetry solutions, well intervention and workover services, along with rental tools and supply-chain logistics.