RPC, Inc. (RES) to Issue Quarterly Dividend of $0.04 on June 10th

RPC, Inc. (NYSE:RES) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Monday, May 11th will be paid a dividend of 0.04 per share by the oil and gas company on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, May 11th.

RPC has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RPC to earn $0.27 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 59.3%.

RPC Stock Performance

Shares of NYSE RES opened at $7.92 on Thursday. The business has a fifty day simple moving average of $6.75 and a 200 day simple moving average of $5.97. The company has a current ratio of 3.24, a quick ratio of 2.70 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 52.77 and a beta of 0.61. RPC has a one year low of $4.18 and a one year high of $8.16.

RPC (NYSE:RES) last released its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). RPC had a return on equity of 5.24% and a net margin of 1.97%.The company had revenue of $425.78 million for the quarter, compared to analyst estimates of $423.30 million. During the same quarter in the prior year, the company earned $0.06 earnings per share. The business’s revenue was up 26.9% compared to the same quarter last year. Sell-side analysts expect that RPC will post 0.18 EPS for the current year.

RPC Company 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.