RPC (RES) to Release Earnings on Thursday

RPC (NYSE:RES) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

RPC (NYSE:RES) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $364.20 million during the quarter, compared to analysts’ expectations of $381.18 million. RPC had a net margin of 8.08% and a return on equity of 11.52%. RPC’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. On average, analysts expect RPC to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RPC Stock Up 2.7 %

Shares of RES stock opened at $6.94 on Thursday. The company’s fifty day simple moving average is $6.42 and its two-hundred day simple moving average is $6.66. RPC has a 52 week low of $5.66 and a 52 week high of $9.26. The stock has a market cap of $1.49 billion, a P/E ratio of 9.91 and a beta of 1.55.

RPC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a $0.04 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.16 annualized dividend and a dividend yield of 2.31%. RPC’s dividend payout ratio (DPR) is 22.86%.

Wall Street Analyst Weigh In

RES has been the subject of several research analyst reports. Stifel Nicolaus cut their price target on RPC from $8.00 to $7.00 and set a “hold” rating for the company in a report on Friday, October 11th. Susquehanna reduced their price target on shares of RPC from $7.00 to $6.50 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Finally, Citigroup dropped their price objective on shares of RPC from $6.75 to $5.25 and set a “sell” rating for the company in a research note on Wednesday, July 10th.

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.