RPC, Inc. (NYSE:RES) Receives $5.63 Consensus Price Target from Analysts

Shares of RPC, Inc. (NYSE:RES) have earned a consensus recommendation of “Reduce” from the five research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.6250.

A number of equities analysts have weighed in on RES shares. Wall Street Zen cut shares of RPC from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reissued a “hold (c)” rating on shares of RPC in a research report on Tuesday, April 14th. Finally, Susquehanna upped their price objective on shares of RPC from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Friday, May 8th.

RPC Stock Performance

NYSE:RES opened at $6.61 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.13 and a quick ratio of 2.61. The firm has a 50-day moving average of $7.10 and a two-hundred day moving average of $6.28. The stock has a market cap of $1.47 billion, a P/E ratio of 73.46 and a beta of 0.62. RPC has a 1-year low of $4.18 and a 1-year high of $8.16.

RPC (NYSE:RES) last posted its quarterly earnings data on Thursday, May 7th. The oil and gas company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $454.76 million during the quarter, compared to analysts’ expectations of $406.68 million. RPC had a net margin of 1.20% and a return on equity of 4.82%. The firm’s revenue for the quarter was up 36.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS. On average, research analysts expect that RPC will post 0.2 earnings per share for the current fiscal year.

RPC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 is Monday, May 11th. RPC’s dividend payout ratio is 177.78%.

Institutional Investors Weigh In On RPC

A number of institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its stake in shares of RPC by 3.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 64,164 shares of the oil and gas company’s stock valued at $305,000 after purchasing an additional 1,970 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of RPC by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,558 shares of the oil and gas company’s stock valued at $278,000 after purchasing an additional 2,190 shares in the last quarter. Mariner LLC raised its stake in shares of RPC by 3.3% in the 3rd quarter. Mariner LLC now owns 76,699 shares of the oil and gas company’s stock valued at $365,000 after purchasing an additional 2,446 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of RPC by 2.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 128,551 shares of the oil and gas company’s stock valued at $699,000 after purchasing an additional 2,648 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of RPC by 1.7% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 204,551 shares of the oil and gas company’s stock valued at $1,113,000 after purchasing an additional 3,411 shares in the last quarter. Institutional investors and hedge funds own 41.06% of the company’s stock.

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.