RPC, Inc. (NYSE:RES – Get Free Report) shares gapped down before the market opened on Friday after Stifel Nicolaus lowered their price target on the stock from $8.00 to $7.00. The stock had previously closed at $7.06, but opened at $6.82. Stifel Nicolaus currently has a hold rating on the stock. RPC shares last traded at $7.00, with a volume of 147,179 shares trading hands.
Other research analysts have also issued reports about the company. Citigroup lowered their target price on RPC from $6.75 to $5.25 and set a “sell” rating on the stock in a report on Wednesday, July 10th. Susquehanna lowered their target price on RPC from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, July 11th.
Check Out Our Latest Stock Report on RPC
Hedge Funds Weigh In On RPC
RPC Trading Down 0.4 %
The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.78 and a beta of 1.55. The stock has a 50-day simple moving average of $6.39 and a 200 day simple moving average of $6.68.
RPC (NYSE:RES – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. RPC had a return on equity of 11.52% and a net margin of 8.08%. The firm had revenue of $364.20 million during the quarter, compared to analyst estimates of $381.18 million. During the same period last year, the company posted $0.30 EPS. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. Sell-side analysts expect that RPC, Inc. will post 0.56 earnings per share for the current fiscal year.
RPC Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a dividend of $0.04 per share. The ex-dividend date was Friday, August 9th. This represents a $0.16 dividend on an annualized basis and a yield of 2.28%. RPC’s payout ratio is presently 29.09%.
About RPC
RPC, Inc, through its subsidiaries, engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.
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