126,209 Shares in RPC, Inc. $RES Bought by Unison Advisors LLC

Unison Advisors LLC acquired a new stake in RPC, Inc. (NYSE:RES) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 126,209 shares of the oil and gas company’s stock, valued at approximately $687,000.

Other large investors have also recently added to or reduced their stakes in the company. Range Financial Group LLC bought a new position in RPC during the 4th quarter worth about $59,000. Wedge Capital Management L L P NC lifted its holdings in shares of RPC by 7.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 185,693 shares of the oil and gas company’s stock valued at $1,010,000 after purchasing an additional 12,396 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of RPC by 1.9% during the fourth quarter. Congress Asset Management Co. now owns 1,275,349 shares of the oil and gas company’s stock worth $6,938,000 after buying an additional 23,523 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of RPC during the fourth quarter worth about $67,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of RPC by 2.8% during the third quarter. JPMorgan Chase & Co. now owns 447,155 shares of the oil and gas company’s stock worth $2,128,000 after buying an additional 12,214 shares in the last quarter. Institutional investors own 41.06% of the company’s stock.

RPC Stock Performance

RES opened at $6.89 on Monday. The company has a quick ratio of 2.70, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. RPC, Inc. has a 12-month low of $4.10 and a 12-month high of $7.41. The business has a 50 day moving average of $6.32 and a 200-day moving average of $5.66. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 45.90 and a beta of 0.61.

RPC (NYSE:RES) last posted its earnings results on Tuesday, February 3rd. The oil and gas company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). RPC had a return on equity of 5.24% and a net margin of 1.97%.The business had revenue of $425.78 million for the quarter, compared to analyst estimates of $423.30 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue was up 26.9% compared to the same quarter last year. On average, equities research analysts expect that RPC, Inc. will post 0.31 earnings per share for the current year.

RPC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, February 10th. RPC’s payout ratio is currently 106.67%.

Analysts Set New Price Targets

RES has been the topic of several research reports. Piper Sandler restated an “underweight” rating on shares of RPC in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of RPC in a research note on Monday, December 29th. Wall Street Zen downgraded shares of RPC from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Citigroup boosted their price objective on shares of RPC from $5.75 to $6.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Finally, Susquehanna increased their target price on shares of RPC from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $5.25.

RPC Profile

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.