RPC, Inc. (NYSE:RES) Plans $0.04 Quarterly Dividend

RPC, Inc. (NYSE:RES) announced a quarterly dividend on Wednesday, January 28th. Stockholders of record on Tuesday, February 10th will be paid a dividend of 0.04 per share by the oil and gas company on Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, February 10th.

RPC has raised its dividend payment by an average of 0.0%annually over the last three years. RPC has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RPC to earn $0.45 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 35.6%.

RPC Stock Down 2.5%

RPC stock opened at $6.36 on Thursday. The stock has a market cap of $1.40 billion, a PE ratio of 27.63 and a beta of 0.63. RPC has a 1-year low of $4.10 and a 1-year high of $7.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.78 and a quick ratio of 2.31. The stock’s fifty day moving average is $5.74 and its two-hundred day moving average is $5.11.

RPC (NYSE:RES) last announced its earnings results on Thursday, October 30th. The oil and gas company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. RPC had a net margin of 3.12% and a return on equity of 5.58%. The business had revenue of $447.10 million during the quarter, compared to analysts’ expectations of $402.31 million. During the same period in the prior year, the company earned $0.09 earnings per share. The business’s revenue was up 32.4% compared to the same quarter last year. On average, sell-side analysts expect that RPC will post 0.31 EPS for the current fiscal year.

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.